Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Hedera (HBAR) Slides 2.5% Amid Bearish Momentum

Hedera (HBAR) Slides 2.5% Amid Bearish Momentum

BeInCryptoBeInCrypto2025/04/02 11:00
By:Tiago Amaral

Hedera's price action remains bearish, with weak trend strength and key resistance ahead as traders brace for potential market shifts.

Hedera (HBAR) is down more than 2.5% in the last 24 hours as traders brace for potential volatility tied to upcoming “Liberation Day” announcements. Technical indicators paint a mixed picture, with signs of weakening trend strength but continued bearish momentum.

The DMI shows an intense tug-of-war between buyers and sellers, while the Ichimoku Cloud and EMA alignments still point to downside risks. A reversal is possible, but bulls will need to overcome key resistance levels to regain control.

Hedera DMI Shows An Intense Battle Between Buyers and Sellers

Hedera’s DMI chart reveals a significant drop in its Average Directional Index (ADX), currently at 24.5—down sharply from 40.5 just two days ago.

The ADX measures the strength of a trend, regardless of direction. A reading above 25 typically indicates a strong trend, while values below 20 suggest a weak or sideways market.

The recent decline in ADX suggests that the strength of Hedera’s previous trend is weakening, signaling a possible shift or pause in momentum.

Hedera (HBAR) Slides 2.5% Amid Bearish Momentum image 0HBAR DMI. Source: TradingView.

Looking deeper into the Directional Movement Indicators, the +DI (positive directional index) has risen from 15 to 20.37 in the last two days, but dipped from 23.94 yesterday—indicating some buying pressure, though not consistent.

Meanwhile, the -DI (negative directional index) has dropped significantly from 37 to 22.34 over the same period, but bounced back slightly from 18 yesterday, suggesting sellers may still be active.

Despite these shifts, HBAR remains in a downtrend, and unless +DI clearly overtakes -DI and the ADX starts rising again, the market may remain bearish or enter a consolidation phase.

HBAR Ichimoku Cloud Shows The Bearish Trend Is Still Here

The Ichimoku Cloud chart for Hedera shows a clearly bearish setup. The price action remains below the cloud (Kumo), which is shaded red—a sign that bearish momentum still dominates.

Both the Senkou Span A (green line) and Senkou Span B (red line) are sloping downward, suggesting that the downtrend may persist unless there’s a strong reversal.

The future cloud remains thick and red, further confirming resistance ahead and a lack of bullish sentiment.

Hedera (HBAR) Slides 2.5% Amid Bearish Momentum image 1HBAR Ichimoku Cloud. Source: TradingView.

The Tenkan-sen (blue line) has recently crossed below the Kijun-sen (red line), another classic bearish signal within the Ichimoku framework.

This crossover, especially occurring below the cloud, reinforces downside risk.

Overall, while there was a short-term bounce attempt, the Ichimoku structure suggests that Hedera remains in a downtrend, with momentum and resistance levels still stacked against the bulls.

Can Hedera Rise Back To $0.20?

Hedera’s EMA indicators continue to reflect a bearish trend, with short-term moving averages positioned below the longer-term ones.

This alignment suggests downward momentum remains in control, and unless a reversal occurs soon, the price could retest support near the $0.156 region.

Losing that level might open the door for a deeper decline, potentially pushing Hedera price below the $0.15 mark.

Hedera (HBAR) Slides 2.5% Amid Bearish Momentum image 2HBAR Price Analysis. Source: TradingView.

However, if the trend reverses and bullish momentum builds, HBAR could first challenge resistance near the $0.179 area.

A successful breakout there may lead to a push toward $0.20, and if buying pressure intensifies, the rally could eventually extend as high as $0.258.

For now, though, the EMAs lean bearish, and bulls will need a strong shift in momentum to regain control.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Is Toncoin ($TON) Set for a Bullish Reversal? Key Updates and Technical Outlook

After a turbulent year marked by legal challenges and market volatility, Toncoin entered 2025 at a critical juncture with growing investor backing and signs of a technical breakout.

CryptoNews2025/04/03 23:56
Is Toncoin ($TON) Set for a Bullish Reversal? Key Updates and Technical Outlook

Is Ripple Building the Next USDT? RLUSD Stablecoin Quietly Nears $250M

Ripple USD (RLUSD) has silently reached a market cap of nearly $300 million.

CryptoNews2025/04/03 23:56
Is Ripple Building the Next USDT? RLUSD Stablecoin Quietly Nears $250M