Well, well, well! Look who’s taking a nosedive! Hedera (HBAR) has dropped a whopping 5% in the last 24 hours! That’s right, folks, it’s like watching a balloon deflate at a kid’s birthday party! 🎈 With a total correction of 22% over the past 30 days, its market cap is now sitting at a cozy $8.5 billion. Technical indicators are waving their little flags, suggesting that bearish momentum is still the king of the hill, but wait! There are whispers of a potential shift in the wind! 🌬️
The ADX is showing that the ongoing downtrend is losing its grip, like a toddler trying to hold onto a slippery ice cream cone! 🍦 Meanwhile, the Ichimoku Cloud is still playing the role of the grumpy old man, confirming that sellers are still in charge for now. If HBAR can pull off a miraculous recovery and break through those pesky resistance levels, we might just see a stronger uptrend! But if it flops, well, let’s just say it could be a bumpy ride down! 🎢
HBAR ADX: The Downtrend is Like a Bad Movie – Not as Strong as Before!
Hedera’s ADX is currently at 23, down from 28.9 just three days ago. It’s like watching a bad sequel that nobody asked for! 📽️ This decline suggests that the strength of the ongoing trend is weakening, with sellers losing some of their steam.
Now, the ADX measures trend strength, not direction. So, a falling ADX in a downtrend means that bearish pressure is slowing down, but don’t pop the champagne just yet! 🍾
ADX values below 20 are like a weak cup of coffee – not enough kick! ☕️ But with HBAR’s ADX at 23, the downtrend is still hanging around like that one friend who overstays their welcome.
If ADX keeps declining, we might see price action shift toward consolidation instead of a further nosedive. But without some serious HBAR buying pressure, a clear trend reversal is still playing hard to get! 😏
HBAR Ichimoku Cloud: A Bearish Setup That Could Change Faster Than a Chameleon!
HBAR’s Ichimoku Cloud chart is showing a bearish setup, with price action still hanging out below the cloud like a kid who didn’t get picked for the team. 🏫
The red cloud is waving its “no entry” sign, suggesting that bearish momentum is still in charge, and every attempt to break above it has been met with a big fat “NOPE!” The Tenkan-sen (blue line) is sulking below the Kijun-sen (red line), reinforcing the ongoing weakness.
The projected cloud is still looking bearish, with the Senkou Span A (green line) hanging out below the Senkou Span B (red line), signaling continued downward pressure. But hey, the distance between them is narrowing! Maybe they’re just playing hard to get? 💔
The Chikou Span (green lagging line) is also trailing behind the past price action, confirming that the market structure still favors sellers. Unless HBAR buyers step in with some serious momentum, the trend remains intact, and bearish continuation is likely.
HBAR Price Prediction: Can Hedera Reclaim $30 In February? Or Is That Just Wishful Thinking?
Hedera’s EMA lines are showing that short-term trends are still playing second fiddle to long-term ones, reinforcing the current bearish setup. It’s like watching a bad sitcom where the main character just can’t catch a break! 📺
If this bearish trend gets its act together, HBAR price could drop further, potentially testing the support at $0.179. That would be a 19% decline from current levels! Yikes! 😱
But wait!
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2025-02-14 03:18