The price of Hedera (HBAR) cryptocurrency has fallen more than 4% in the last 24 hours after reaching multiple highs in December. The ADX on the Hedera DMI chart suggests weak trend strength, with bearish momentum slightly dominant. However, the lack of a strong ADX indicates that the trend is not firmly established, leaving room for potential shifts in market direction. The Ichimoku Cloud chart also indicates a bearish setup, with downward pressure persisting and the price positioned below the red cloud. If the downtrend continues, the price could fall further to test the support level at $0.233, potentially forming a death cross. On the other hand, if the trend reverses, the price could attempt a recovery, with resistance at $0.31 and potential upside momentum towards $0.33.



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