HBAR price struggles with mixed momentum at key price levels.

Hedera (HBAR) Price Faces Mixed Momentum as Traders Eye Key Levels


Hedera (HBAR) price has been strengthening over the past few weeks, showing a modest increase of 3.8% over the past seven days. The token is striving to maintain its market cap of over $11.5 billion.

As HBAR is trending higher, mixed signals from technical indicators suggest the possibility of a further rally or reversal. Traders are watching closely to see if HBAR can break above key resistance levels or test lower support zones.

Hedera remains at the top, but a shift may be imminent.

Hedera's Average Directional Index (ADX) is currently at 35.9, which reflects strong trend strength, although it is slightly lower than 37.7 a few hours ago. The ADX measures the strength of a trend on a scale of 0 to 100, with values ​​above 25 indicating a strong trend and values ​​below 20 indicating weak or no momentum.

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The current level suggests that the HBAR price is still making strong progress, although the slight decline in the ADX hints at a possible slowdown in momentum.

HBAR DMI Source: TradingView

Directional indicators provide more context, with +DI at 24.9, down from 38.2 two days ago, and -DI at 15.1, up from 9.1 at the same time. This indicates that while the buying pressure continues to dominate, it has weakened significantly and the selling pressure has begun to increase.

If this trend continues, the agitation may lose steam. Unless renewed buying activity reinforces the +DI and stabilizes the ADX, HBAR may enter a consolidation phase or decline.

HBAR Ichimoku cloud shows mixed signals

The Ichimoku Cloud chart for Hedera currently reflects a mixed setup. The price is trading near a red cloud, which indicates uncertainty as the market struggles to find a clear direction.

While the green cloud ahead indicates bullish momentum, the position of the price near the red cloud indicates that further confirmation is needed to strengthen the bullish trend.

HBAR Ichimoku cloud.
HBAR Ichimoku cloud. Source: TradingView

The blue Tenkan-Sen (conversion line) is trending down and close to the orange Kijun-Sen (Base line), indicating weakening short-term momentum.

In order for the HBAR price to regain its upward direction, it must move decisively above the cloud and maintain its position. Conversely, if the price breaks below the cloud, this may indicate a bearish trend, which may lead to further declines.

HBAR Price Prediction: Will Hedera Fall to $0.23 in January?

HBAR price is currently consolidating between the key support level at $0.274 and resistance at $0.311. A few days ago it formed a golden cross, but the HBAR price failed to break the resistance around $0.32.

If the ongoing uptrend regains strength and successfully breaks above the $0.311 resistance, Hedera could see further upside momentum, which could test the next resistance at $0.338.

HBAR price analysis.
HBAR price analysis. Source: TradingView

However, if the $0.274 support fails to hold, the current trend may turn bearish. In such a case, the HBAR price may face further selling pressure, pushing it down to retest the next support level at $0.233.

Disclaimer

In accordance with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult with a professional before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.

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