Hedera (HBAR) Drops 16% in a Week, But Bearish Momentum Could Be Fading

Hedera (HBAR) price has dropped more than 16% over the past seven days, reflecting a prolonged downtrend. However, technical indicators show weakening bearish momentum, with the ADX falling to 11.46, signaling reduced trend strength.

The altcoin faces a critical decision point, with support at $0.233 and resistance at $0.274, which will likely determine whether the price can stabilize or continue its decline.

HBAR ADX Shows the Downtrend Is Weakening

HBAR ADX is currently at 11.46, significantly lower than the 23 recorded three days ago, signaling a sharp decline in trend strength. The drop in ADX reflects a weakening downtrend, even as HBAR remains under selling pressure.

This low ADX value suggests that the bearish momentum is losing intensity, potentially leading to reduced price volatility or a consolidation phase in the short term.

HBAR ADX. Source: TradingView

The Average Directional Index (ADX) measures the strength of a trend, whether bullish or bearish, on a scale from 0 to 100. Readings above 25 indicate a strong trend, while values below 20, like Hedera’s current 11.46, suggest a weak or absent trend.

With HBAR price down more than 16% in the last seven days and in a downtrend, the low ADX indicates that the selling pressure may not have enough momentum to sustain further sharp declines. However, unless the ADX rises to confirm stronger trend dynamics, HBAR’s price may remain range-bound or see limited movement.

Hedera Ichimoku Cloud Reflects a Bearish Setup

HBAR’s Ichimoku Cloud chart reveals a bearish setup, with the price below the red cloud, signaling downward momentum. The cloud, formed by Senkou Span A and Senkou Span B, strengthens bearish sentiment as Senkou Span A remains below Senkou Span B.

This configuration suggests that selling pressure is dominant and that Hedera has struggled to find support for a potential reversal.

HBAR Ichimoku Cloud. Source: TradingView

The blue Tenkan-sen (conversion line) remains below the orange Kijun-sen (baseline), confirming the bearish trend as short-term momentum lags behind the longer-term average. Additionally, the green lagging span (Chikou Span) is positioned below the price action and the cloud, further reinforcing consistent bearish momentum.

For HBAR to signal a bullish reversal, the price would need to break above the cloud and hold those levels, which currently seems unlikely given the prevailing indicators.

HBAR Price Prediction: A Further 12.7% Correction?

HBAR price closest strong support lies around $0.233, indicating that its price could fall by another 12.7% if the current downtrend persists.

However, as suggested by the declining ADX, the downtrend is losing momentum, which could provide relief and limit further declines. If the support at $0.233 holds, HBAR may consolidate or attempt to recover in the short term.

HBAR Price Analysis. Source: TradingView

If the trend reverses, HBAR price could first test the resistance at $0.274. Breaking through this level would signal increased bullish momentum, potentially driving the price toward the next resistance at $0.311.

These levels will determine whether Hedera price can break free from its bearish trajectory or continue to face selling pressure in the coming days.