The price of Hedera (HBAR) has fallen over 5% in the past 24 hours, retracing from its mid-January high of around $0.40. Technical indicators suggest a bearish outlook, with the DMI chart showing weak trend strength and the Ichimoku Cloud indicating difficulty in breaking above key resistance levels. The ADX on the DMI chart suggests consolidation and lack of momentum, making the next move for HBAR uncertain. The Ichimoku Cloud chart also suggests a bearish trend, with strong resistance ahead. A breakout above key resistance levels could signal a potential trend reversal, while failure to reclaim the cloud could lead to further downward movement. HBAR recently formed a death cross and may retest support levels, but a golden cross could emerge if the trend reverses, leading to potential gains.



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