Hedera (HBAR) is attempting to recover from a significant 40% decline. With resistance at $0.248 and essential support at $0.21, if HBAR breaks the resistance, it may target $0.32, although further drops are likely if support is broken.
The DMI shows that selling pressure is decreasing, although a trend reversal requires robust buying momentum. Additionally, the Ichimoku Cloud still indicates bearish sentiment, necessitating a price move above $0.23 to signal a bullish trend.
Leave a Reply