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Cryptocurrency News Articles
HBAR Shows Early Signs of Bullish Shift, But Trend Still Weak
Apr 18, 2025 at 03:00 am
Despite the bounce, technical indicators still point to a weak overall trend, with bearish EMA alignment and a flat ADX reading.
Hedera (HBAR) price showed signs of short-term relief in the last 24 hours, with the token rising more than 5% after a rough start to April. However, despite the bounce, technical indicators still point to a weak overall trend, with bearish EMA alignment and a flat ADX reading. This suggests that momentum remains uncertain, and bulls are still defending key support levels.
Hedera Shows Early Signs of Bullish Shift, But Trend Still Weak
As seen on the DMI indicator, Hedera’s ADX is currently at 19.8, slightly up from 18.49 two days ago but down from a recent high of 21.94 earlier today.
The ADX (Average Directional Index) measures the strength of a trend, regardless of its direction. Values below 20 typically indicate a weak or consolidating market, while readings above 25 suggest a strong trend is developing.
HBAR’s current ADX near 20 suggests that momentum is still relatively soft, with no clear directional strength in place.
Looking at the directional indicators, the +DI (Directional Indicator) has risen from 13.42 to 14.2, showing a slight increase in bullish pressure. Meanwhile, the -DI has declined from 19.89 to 17.15, indicating that bearish momentum is weakening.
This narrowing gap between +DI and -DI may signal a potential shift in favor of the bulls. However, with ADX still under 25, the trend remains unconfirmed.
If +DI continues to climb and crosses above -DI, Hedera could attempt a short-term reversal. But for now, the market is remaining in a cautious, sideways phase.
HBAR Enters Cloud Zone as Trend Momentum Stalls
The Ichimoku Cloud chart for HBAR reflects a mostly neutral to slightly bearish trend. The price is currently trading below the Kijun-sen (red line) and very close to the Tenkan-sen (blue line), indicating weak short-term momentum and a lack of clear direction. Both lines are flat, which often signals consolidation and market indecision.
Looking ahead, the Kumo (cloud) is relatively thick and bearish, with the Senkou Span A below the Senkou Span B. However, price action has entered the cloud zone, which suggests possible trend exhaustion or transition. The Chikou Span (lagging green line) is overlapping with recent price candles, further reinforcing the sideways outlook.
Unless HBAR breaks cleanly above the cloud and reclaims the Kijun-sen, the market is likely to remain in a holding pattern.
Hedera Holds Key Supports, But Bearishness Still Lingers
Hedera’s EMA lines are currently showing a bearish structure, with short-term averages positioned below the long-term ones. This is typically a sign of ongoing downward momentum.
Despite this, HBAR price has recently tested and held support at both $0.156 and $0.153, signaling that buyers are still defending key levels. If the trend reverses from here, HBAR could begin a recovery move, first targeting resistance at $0.168. A break above that level could open the path to $0.178, and if bullish momentum strengthens further, a move toward $0.201 could follow.
On the flip side, if selling pressure resumes, Hedera could retest the same support zones at $0.156 and $0.153. Losing these levels would significantly weaken the technical structure and could trigger a deeper drop. In that case, the next major support comes all the way down near $0.124, which would represent a substantial decline and reinforce the current bearish trend.
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