Hedera (HBAR) has been experiencing a prolonged period of trading below the $0.20 mark over the past week. This continuous downward movement has placed the token under significant selling pressure, as indicated by both technical indicators and price behavior, reflecting a cautious market sentiment.

Technical signals from the Directional Movement Index (DMI) and the Ichimoku Cloud have pointed towards increasing bearish sentiment, with sellers gradually gaining control. The current situation raises the question of whether HBAR can stabilize above critical support levels or if additional declines lie ahead.

The Hedera ADX, which assesses the strength of the trend, stands at 16.15 today, up from 11.5 recorded yesterday. At one point earlier today, it peaked at 17.16. Although this represents only a minor increase, it signifies that the trend might be acquiring some momentum.

In conjunction with this, the positive Directional Indicator ( DI), which monitors bullish pressure, has dropped from 26.95 yesterday to 20.27, implying diminished buying strength. Conversely, the negative Directional Indicator (-DI), symbolizing bearish pressure, has risen from 13.97 to 16.65, showing heightened activity among sellers.

The ADX (Average Directional Index) evaluates the intensity of a trend without considering its directionality. Generally, an ADX value below 20 denotes a weak or absent trend, while readings between 20 and 40 indicate a developing or moderate trend, and figures above 40 signify a robust trend.

Despite Hedera’s ADX remaining beneath 20, indicating a weak trend, the recent increase could foreshadow enhanced momentum soon. Nevertheless, given the decline in DI and rise in -DI, this transition suggests that bearish forces are beginning to surpass bullish ones.

Even though the trend's strength remains feeble, this scenario implies that HBAR might sustain its downtrend unless buying pressure intensifies sufficiently to overcome the sellers.

The Hedera Ichimoku Cloud chart reveals that the price continues to struggle beneath the Kumo (cloud), reinforcing the existing bearish trend. The price is presently trading just below both the Tenkan-sen (conversion line) and the Kijun-sen (base line), pointing to a lack of bullish momentum and underscoring indecision in the short term.

The upcoming cloud is red and thick, showcasing substantial overhead resistance. Until the price decisively breaches this resistance zone, the bearish inclination is anticipated to endure.

The Ichimoku Cloud framework offers a comprehensive perspective on support, resistance, trend orientation, and momentum. When the price resides below the cloud, like HBAR does currently, the asset is viewed as being in a downtrend.

The Tenkan-sen and Kijun-sen lines deliver shorter-term indications. The Tenkan-sen's slight position below the Kijun-sen constitutes a mild bearish signal, yet their proximity also hints at a weak trend and potential consolidation.

Considering that the price is beneath both lines and the cloud serves as resistance above, HBAR is prone to sustaining pressure in the short term unless buying volume escalates enough to elevate it above the cloud and instigate a trend reversal.

Hedera’s price is currently operating within a narrow range, hemmed in by a resistance level at $0.195 and a pivotal support level at $0.184.

Price movements suggest that if the $0.184 support is revisited and cannot be maintained, HBAR might swiftly descend to probe the subsequent notable support at $0.178.

A breakdown of that level could pave the way for further declines, possibly propelling the price below $0.17.

Conversely, should HBAR succeed in reversing this downtrend, the initial challenge will be the $0.195 resistance—a barrier it attempted to surpass yesterday but fell short of.

A successful breakthrough above $0.195 could realign momentum in favor of the bulls and potentially prompt a move towards the next resistance at $0.21.

Should bullish momentum amplify beyond that, the price might aim for higher targets at $0.258 and $0.287, with a possible retest of $0.30—the level HBAR last encountered on January 31.

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