The price of Hedera (HBAR) has experienced a 5% drop in the past 24 hours and a 22% correction in the last 30 days. Technical indicators suggest that bearish momentum is still dominant, but there are signs of a potential shift. The ADX indicator shows that the ongoing downtrend is losing strength, indicating that sellers are losing some momentum. However, the Ichimoku Cloud chart confirms that sellers remain in control for now. If HBAR can sustain its recovery and break key resistance levels, a stronger uptrend could develop, but failure to do so may lead to further declines. The EMA lines indicate that short-term trends are below long-term ones, reinforcing the current bearish setup. If the bearish trend strengthens, HBAR's price could drop further, potentially testing support at $0.179. However, if HBAR gains bullish momentum and breaks resistance at $0.248, it could lead to a stronger recovery with a potential upside of 46%. To confirm a shift in trend, buyers would need to sustain momentum and establish price action above key resistance zones.
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