The price of Hedera (HBAR) has experienced a significant decline of 12.5% in the last 24 hours, with a trading volume of around $1 billion. This drop aligns with bearish technical indicators, including a declining ADX and trading below its Ichimoku Cloud. However, if momentum shifts and key supports hold, HBAR could potentially reverse its losses and stage a recovery. The ADX suggests that the current downtrend's strength is weakening, which could lead to reduced volatility and less aggressive selling pressure. However, for a reversal to occur, buying activity needs to strengthen significantly. The Ichimoku Cloud chart for HBAR also reflects a bearish setup, with the price below the red cloud indicating resistance in the current trend. The EMA lines suggest that the ongoing correction could intensify if short-term EMAs continue to decline and form a death cross. However, if HBAR can maintain its position above key support levels, there is potential for renewed bullish momentum and a challenge of resistance levels.



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