In the past 24 hours, Hedera (HBAR) has experienced a price increase of over 5%, displaying signs of short-term relief following a challenging start to April. Despite this upward movement, technical analysis indicates a persistently weak overall trend. The Exponential Moving Average (EMA) lines are aligned bearishly, and the Average Directional Movement Index (ADX) reading remains flat, reflecting uncertainty in market momentum. Thus far, the bulls have successfully maintained critical support levels.

The Directional Movement Index (DMI) for Hedera reveals an ADX value of 19.8, marginally higher than the previous reading of 18.49 but lower than the recent peak of 21.94 recorded earlier today. The ADX serves as a metric for gauging the intensity of a trend, irrespective of its direction. Typically, values below 20 suggest a weak or consolidating market environment, whereas readings exceeding 25 imply the emergence of a robust trend. At present, HBAR's ADX hovering near 20 underscores the softness of the current momentum without any pronounced directional strength.

Examining the directional indicators, the positive Directional Indicator ( DI) has climbed from 13.42 to 14.2, reflecting an uptick in bullish sentiment. Conversely, the negative Directional Indicator (-DI) has dropped from 19.89 to 17.15, indicating diminishing bearish force. This diminishing gap between DI and -DI might hint at a potential shift in favor of the bulls; however, since the ADX remains below 25, the confirmation of a definitive trend remains elusive.

Should the DI continue to rise and surpass the -DI, Hedera may attempt a short-term reversal. For the time being, though, the market appears to be in a cautious, range-bound phase.

The Ichimoku Cloud chart for HBAR presents a largely neutral to mildly bearish trend. The current price is trading beneath the Kijun-sen (red line) and closely aligned with the Tenkan-sen (blue line), indicating feeble short-term momentum and a lack of clear directionality. Both lines are currently horizontal, often symbolizing consolidation and indecisiveness within the market.

Moving forward, the Kumo (cloud) appears relatively thick and bearish, with the Senkou Span A positioned below the Senkou Span B. Nevertheless, the price action has penetrated into the cloud region, potentially signaling trend exhaustion or transition.

The Chikou Span (lagging green line) is overlapping with recent price candles, reinforcing the sideways market perspective. Unless HBAR decisively breaches the cloud and regains the Kijun-sen, the market is likely to stay in a state of equilibrium.

Hedera’s EMA lines exhibit a bearish configuration, with shorter-term averages positioned below the longer-term ones, typically indicative of sustained downward momentum. Regardless of this, HBAR’s price has recently tested and upheld support at both $0.156 and $0.153, demonstrating that buyers are still actively defending pivotal levels. Should the trend reverse from this point, HBAR might embark on a recovery phase, initially targeting resistance at $0.168.

A breakthrough above that level could pave the way for $0.178, and should bullish momentum intensify further, a subsequent move towards $0.201 could ensue.

Conversely, if selling pressure resumes, Hedera may revisit the same support zones at $0.156 and $0.153. A failure to hold these levels would substantially weaken the technical framework and potentially trigger a more profound decline.

In such a scenario, the next significant support would lie much lower, around $0.124, representing a considerable drop and reinforcing the prevailing bearish trend.

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