Hedera's Rebound: Signs of Easing Selling Pressure

Hedera (HBAR) price has been attempting a rebound after a significant 40% correction over the past 30 days. While the downtrend remains intact, there are signs that selling pressure may be easing, suggesting a potential shift in momentum.

The Ichimoku Cloud and EMA lines continue to indicate a bearish trend, but key resistance levels could trigger a breakout if buying momentum strengthens. If HBAR can reclaim lost ground, it may test the $0.248 level soon. However, further downside remains possible if support at $0.21 is lost.

The Directional Movement Index (DMI) for HBAR shows that its Average Directional Index (ADX) has risen to 19.3 from 14.2 over the last two days, indicating a strengthening trend. Although the ADX is still below 20, its upward trajectory suggests that the Hedera downtrend could be stabilizing, though it hasn't confirmed a strong directional move yet.

The directional indicators show that the +DI has risen to 13.9 from 10.9 after falling from 22.4 three days ago, while the -DI has declined to 19.4 from 22.3. This suggests that selling pressure is easing while buying momentum is slowly recovering. However, with the -DI still above the +DI, the downtrend remains intact. A cross above the -DI by the +DI could signal a trend reversal, but HBAR needs stronger buying momentum to shift out of its bearish phase.

The Ichimoku Cloud for HBAR shows the price currently trading below the cloud, indicating a bearish trend. The cloud itself is red and projected forward, signaling potential resistance ahead. The baseline (Kijun-sen) and conversion line (Tenkan-sen) are both flat, suggesting weak momentum. For a trend reversal, the price would need to break above the cloud, which currently sits around $0.23.

The lagging span (Chikou Span) is still below the price action, confirming that bearish momentum is intact. However, a slight price rebound suggests an attempt to regain strength. If Hedera breaks above the Tenkan-sen and Kijun-sen, it could challenge the lower edge of the cloud. A rejection at this level could lead to further downside, while a