$HBAR

dera (HBAR) Gives Back Recent Gains, Risks Another 18% Correction

Hedera price drops 12.5% ​​as volume nears $1B, bearish indicators like ADX and Ichimoku Cloud highlight downside risks.

ADX drops to 27.9, suggesting a weakening downtrend, though selling pressure remains strong; consolidation could follow if momentum fades.

A death cross could take HBAR to $0.23, but holding key supports could enable a recovery towards $0.32, offering a 20.7% upside.

HBAR price’s EMA lines suggest that the ongoing correction could intensify if the short-term EMAs continue to decline and cross below the long-term EMAs, forming a death cross.

This bearish signal usually indicates a shift to stronger bearish momentum, which could lead to HBAR testing lower levels. If this scenario materializes, HBAR could approach $0.27 and $0.26, with further declines possible towards $0.23, representing a potential 17.8% decline from current levels. If Hedera price manages to hold its position above key support levels, the renewed bullish momentum could allow the price to challenge the $0.30 resistance. A successful break above this level could pave the way for gains of up to $0.32 or even $0.338, reflecting a potential 20.7% upside