The price of Hedera (HBAR) has been struggling to break above $0.25, indicating a bearish trend. Technical indicators such as the ADX, Ichimoku Cloud, and EMA structures suggest further weakness and downside risks. The ADX confirms the strong downward trend, while the Ichimoku Cloud and EMA lines indicate bearish momentum. Although there is a slight easing of selling pressure, buyers have not gained enough strength to reverse the trend. The bearish setup of the EMA lines suggests that the downtrend is still in play, with a potential test of support at $0.17. If bearish momentum persists, the price could drop as low as $0.05. On the other hand, if the trend reverses, HBAR price could test resistance at $0.29, potentially signaling a recovery.
Content Editor ( beincrypto.com )
- 2025-02-06
Hedera (HBAR) Price Struggles Below $0.25 as Bearish Momentum Persists
