Hedera (HBAR) Rebounds 5% Amid Bearish Trend

Hedera (HBAR) has experienced a significant decline of nearly 20% over the past week. However, a recent rebound of almost 5% in the last 24 hours suggests a potential shift in trend. Despite the broader bearish sentiment, key indicators point to increasing buying pressure, which could signal an impending reversal. If HBAR manages to break through the resistance level at $0.219, it could surge towards $0.258 and even $0.287. Conversely, failure to sustain this upward momentum could see it retesting the support level at $0.179 or lower.

The Average Directional Index (ADX) for HBAR, currently at 27.4, indicates that the downtrend strength is weakening. The ADX measures trend strength on a scale from 0 to 100, with values above 25 typically signaling a strong trend. Although the ADX remains above the key 25 threshold, suggesting the downtrend is still intact, it is losing momentum. The +DI (Directional Indicator) has risen to 20.9 from 11.7, while the -DI has dropped from 30.3 to 20.5. This shift suggests that selling pressure is fading while buying pressure is increasing. However, with the ADX declining and both directional indicators still close to each other, Hedera has not yet confirmed a trend reversal. The price remains in a downtrend, but if the +DI continues to rise above the -DI, it could signal the beginning of a shift toward bullish momentum.

The Ichimoku Cloud chart shows that the Hedera price has recently moved above the blue Tenkan-Sen (conversion line), a short-term trend indicator. This suggests that momentum is shifting, but the price remains below the Kijun-Sen (baseline) and inside the cloud’s resistance zone. The cloud itself is red ahead, signaling that bearish pressure still dominates. Until the price clears this resistance, the trend remains uncertain. While the recent price action indicates a potential short-term reversal, the Kumo (cloud) remains bearish, suggesting that the overall trend is still downward. HBAR would need to break above the cloud to confirm a trend shift more strongly. If the price faces rejection here, it could indicate continued weakness, leading to another downward move. The battle between buyers and sellers at this level will determine whether HBAR can sustain this rebound or resume its broader downtrend.

Hedera’s EMA lines indicate that the trend is still bearish, as short-term EMAs remain below long-term ones. However, the short-term EMAs are starting to turn upward, suggesting that a trend reversal could be forming. If HBAR breaks the key resistance at $0.219, it could trigger a rally toward $0.258 and even $0.287, representing a potential 40% upside. On the downside, if the trend fails to reverse, HBAR could continue its decline and test the $0.179 support level. A break below that would open the door for a drop below $0.17, marking its lowest price since November 2024.