The cryptocurrency Hedera (HBAR) has experienced a 4% decrease in the last 24 hours, resulting in a market cap of $8.4 billion. Despite a temporary increase earlier in the day, HBAR remains in a negative trend according to the BBTrend indicator, signaling bearish momentum. However, there is potential for a bullish reversal if buying interest strengthens and the short-term EMA lines cross above the long-term lines. In this scenario, HBAR could test resistance at $0.24 and potentially rise above $0.30 for the first time since February 1. The Ichimoku Cloud chart for HBAR indicates a recent break above the cloud, typically indicating a bullish signal. However, the cloud ahead is thin and slightly bearish, suggesting weak resistance. The overall trend for HBAR remains bearish according to the EMA lines, but the possibility of a bullish reversal is suggested by the Ichimoku Cloud.



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