The cryptocurrency HBAR has been experiencing a downtrend since mid-January and has failed to recover from negative market pressures. Technical indicators, such as the ADX, suggest that the downtrend is gaining strength and HBAR is likely to face further declines. Market sentiment remains weak, reflecting a lack of investor confidence in a strong recovery. The RSI indicator is close to entering the oversold zone, indicating overwhelmingly negative market sentiment, but historical trends show that this does not guarantee a quick bounce-back. HBAR is currently trading at $0.20, holding above the support level of $0.19. If the downtrend continues, the altcoin could test lower support levels at $0.17. However, if HBAR breaks above the downtrend and breaches $0.22, it could signal a shift in momentum and potential recovery for the cryptocurrency.



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