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Hedera (HBAR) Price Faces Mixed Momentum as Traders Eye Key Levels

Hedera (HBAR) Price Faces Mixed Momentum as Traders Eye Key Levels
The price of Hedera (HBAR) has been consolidating in recent weeks, with a small increase of 3.8% in the last seven days. The token is aiming to maintain its market cap above $11.5 billion, but market momentum is showing signs of weakening. Technical indicators are giving mixed signals, with the potential for either a continued rally or a reversal. The Average Directional Index (ADX) suggests a strong uptrend, but with a slight decline, indicating potential easing in momentum. The directional indicators show buying pressure weakening and selling pressure rising. If this continues, the uptrend may lose steam and HBAR could enter a consolidation phase or even a potential downtrend. The Ichimoku Cloud chart reflects a mixed setup, with uncertainty in the market's direction. The price is consolidating between a key support level and resistance, and breaking above the resistance could lead to further upward momentum, while breaking below the support could signal a bearish shift and further declines.

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