In the past 24 hours, Hedera (HBAR) has seen a gain of over 4%, yet it remains down nearly 7% over the past week, continuing to trade below the $0.19 threshold. Although there has been a short-term recovery, technical indicators present a mixed picture. The Bollinger Band Trend (BBTrend) currently points to rising bearish momentum, while the Exponential Moving Average (EMA) lines continue to favor a downward bias.

Despite these indications, the Relative Strength Index (RSI) has shown a sharp recovery, climbing to 50.39 from 26.6 just two days prior. This rise suggests that buying pressure is returning, which might foreshadow a potential shift in market sentiment. As the price action approaches significant resistance and support levels, HBAR is entering a crucial phase that could define its next major movement.

The BBTrend, which measures price movement strength and direction based on the Bollinger Bands, has dropped significantly to -12.41, compared to -0.83 just two days earlier. The indicator briefly dipped to -13.43 earlier today before recovering slightly, indicating a possible increase in bearish pressure. This swift change suggests that HBAR is transitioning into a stronger downtrend phase, with sellers taking control of recent price dynamics.

When the BBTrend moves deeply negative, it usually signifies a downward price trend with heightened volatility. For HBAR, the current BBTrend reading of -12.41 implies that bearish momentum is intensifying. If this trend persists, it could result in further price drops or at least prolonged consolidation around lower support levels.

Hedera is also displaying a noticeable change in momentum as its RSI has surged to 50.39, a substantial increase from 26.6 just two days ago. This significant climb indicates that buying interest has increased, potentially marking the conclusion of an oversold phase. The recovery toward the neutral zone suggests either a possible trend reversal or a pause in the recent selling pressure.

The RSI, a momentum oscillator measuring price movement speed and change, ranges from 0 to 100. Levels below 30 typically indicate oversold conditions, while those above 70 suggest overbought conditions. With HBAR's RSI now around 50, the token shows no extreme conditions, reflecting equilibrium between buyers and sellers. This level might serve as a turning point—facilitating a bullish breakout if upward momentum persists, or triggering renewed selling if resistance holds.

Hedera's price remains within a bearish technical framework as its short-term EMAs are still positioned below the long-term ones. This setup usually signals downward pressure; however, price action is nearing a key resistance level at $0.160. A confirmed breakout above this area could pave the way for a move towards $0.175, with further potential upside to $0.183 and even $0.193 should bullish momentum strengthen.

Conversely, if HBAR fails to maintain upward pressure and is rejected near resistance, it may revisit the immediate support at $0.155. A breakdown below this level could lead to a decline towards $0.150, reinforcing the existing bearish structure.

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