The price of Hedera (HBAR) has dropped more than 16% in the past week, but technical indicators suggest that bearish momentum is weakening. The Average Directional Index (ADX) has fallen to 11.46, indicating reduced trend strength. However, HBAR is facing a critical decision point with support at $0.233 and resistance at $0.274, which will determine if the price can stabilize or continue to decline. The Ichimoku Cloud chart shows a bearish setup, with the price below the red cloud and selling pressure dominant. If the downtrend continues, HBAR could fall by another 12.7%, but a weakening ADX suggests that the decline may be losing momentum. If support holds, HBAR may consolidate or attempt to recover in the short term. Breaking through the resistance at $0.274 could signal increased bullish momentum.



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