The cryptocurrency Hedera (HBAR) has experienced a significant decline of 37% over the past 30 days, with its price trading below $0.30 for nearly a month. Technical indicators, such as the DMI and Ichimoku Cloud, suggest a bearish outlook for HBAR. The DMI shows a lack of clear direction and weak trend strength, indicating the downtrend is losing momentum and could lead to consolidation or sideways movement. The Ichimoku Cloud chart confirms the bearish sentiment, with the price trading below key resistance levels and struggling to break above them. The EMA lines also indicate a bearish trend, suggesting further declines unless buying momentum increases. However, if the bearish momentum fades and a trend reversal occurs, HBAR could potentially rise to test resistance levels at $0.24 and $0.32, with the possibility of reaching $0.40. The $0.177 support level is crucial in determining the next directional move for HBAR.



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