Hedera (HBAR) has been trading below the $0.20 mark for the past week. The persistent downtrend has kept the token under pressure, as both technical indicators and price action suggest a cautious market environment.

Recent signals from both the DMI and Ichimoku Cloud highlight growing bearish sentiment, with sellers starting to gain ground. The question now is whether HBAR can maintain its footing above crucial support or if further downside is on the horizon.

Hedera DMI Shows Buyers Are Still In Control, But Sellers Are Growing

Hedera ADX, which measures trend strength, is currently at 16.15, up from 11.5 yesterday. Earlier today, it briefly reached as high as 17.16. While this is a modest uptick, it indicates that the trend is slowly gaining some momentum.

Alongside this, the +DI line, which tracks bullish pressure, has declined from 26.95 yesterday to 20.27, suggesting weakening buying strength.

On the flip side, the -DI line, representing bearish pressure, has increased from 13.97 to 16.65, indicating that sellers are becoming more active.

The ADX (Average Directional Index) gauges the strength of a trend regardless of its direction. Typically, an ADX reading below 20 signals a weak or non-existent trend, between 20 and 40 suggests a developing or moderate trend, and above 40 indicates a strong trend.

With Hedera’s ADX still below 20, the trend remains weak, but the recent uptick could hint at strengthening in the near future. However, with +DI declining and -DI rising, this shift suggests that bearish momentum is starting to outweigh bullish forces.

Even though the trend strength is still soft, this pattern could mean that HBAR may continue its downtrend unless buying pressure returns to overpower the sellers.

HBAR Ichimoku Cloud Shows a Bearish Setup After Key Resistance Wasn’t Broken

The Ichimoku Cloud chart for Hedera shows that the price is still struggling below the Kumo (cloud), which reinforces the prevailing bearish trend.

The price is currently trading just under both the Tenkan-sen (conversion line) and the Kijun-sen (base line). This suggests a lack of bullish momentum and confirms indecision in the short term.

The cloud ahead is red and thick, indicating strong overhead resistance. Until the price can decisively break above this resistance area, the bearish bias is likely to persist.

The Ichimoku Cloud system provides a holistic view of support, resistance, trend direction, and momentum. When the price is below the cloud, as HBAR is now, the asset is considered to be in a downtrend.

The Tenkan-sen and Kijun-sen lines provide shorter-term signals. The Tenkan-sen’s slight below the Kijun-sen is a subtle bearish signal, though their proximity also reflects a weak trend and potential consolidation.

Given that the price is below both lines and the cloud is acting as resistance above, HBAR is likely to remain under pressure in the short term unless buying volume increases enough to push it back above the cloud and trigger a trend reversal.

Can Hedera Fall Below $0.17 Soon?

Hedera price is currently trading within a tight range, caught between a resistance level at $0.195 and a key support level at $0.184.

The price action suggests that if the $0.184 support is retested and fails to hold, HBAR could quickly move lower to test the next significant support at $0.178.

A loss of that level could open the door for further downside, potentially driving the price below $0.17.

However, if HBAR manages to reverse this downtrend, the first hurdle will be the $0.195 resistance—an area it attempted to break above yesterday but failed.

A successful breakout above $0.195 could shift the momentum back in favor of the bulls and potentially trigger a move toward the next resistance at $0.21.

If bullish momentum strengthens beyond that, the price could target higher levels at $0.258 and $0.287, with a possible retest of $0.30 – the level HBAR hasn’t touched since January 31.

Berachain (BERA) is currently trading around $6.05, with a market cap sitting near $653 million, after pulling back from a recent high of $7.08 reached on March 17.

The asset has been consolidating after the recent price drop, as technical indicators suggest mixed signals. While bearish trends are still present, some early signs of bullish momentum are starting to emerge.

Berachain RSI Shows A Bullish Momentum Could Appear Soon

Berachain is showing signs of stabilizing after recent volatility, with its RSI currently sitting at 52, up from 35 just two days ago.

This rebound follows a sharp decline from an overbought level of 70.5, which was reached four days ago before the RSI cooled off.

The rise back above 50 suggests that bullish momentum is starting to regain some control after the recent correction, though the market remains relatively balanced between buyers and sellers for now.

The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and magnitude of recent price changes, helping to identify potential overbought or oversold conditions.

Typically, an RSI above 70 signals that an asset might be overbought and due for a pullback, while an RSI below 30 points to oversold conditions, which could precede a price bounce.

With BERA’s RSI at 52, it is now in neutral territory, signaling neither an overbought nor an oversold condition. This suggests that while the selling pressure has eased, buyers still need to build more momentum to drive a sustained uptrend.

BERA CMF Is Rising, But Buying Pressure Is Still Building

Berachain CMF is currently at -0.01, an improvement from -0.23 yesterday, indicating that selling pressure has started to ease.

However, despite this slight recovery, the CMF is still hovering in negative territory, suggesting that the market is not yet seeing strong capital inflows.

What’s notable is that BERA’s CMF hasn’t climbed above 0.10 since March 14, signaling a prolonged period of weak buying volume and cautious investor sentiment.

The Chaikin Money Flow (CMF) is a volume-based indicator that measures the flow of money into and out of an asset over a given period.

Values above 0 indicate buying pressure or accumulation, while values below 0 signal selling pressure or distribution. With BERA’s CMF still near neutral but below zero, it shows that while sellers are losing momentum, buyers have yet to take control firmly.

Until the CMF pushes decisively into positive territory – particularly above 0.10 – any upward price movement may struggle to sustain itself without stronger capital inflows.

Can Berachain Surge To $7?

Berachain EMA lines continue to reflect a bearish setup, with short-term moving averages positioned below the long-term ones.

This indicates that downward momentum still dominates the market. However, if Berachain manages to reverse this trend and build bullish momentum, the price could first target the resistance around $7.14.

A breakout above this level could open the door for a move toward $7.50 or even $8, a price level not seen since March 3.

On the downside, if BERA fails to establish an uptrend and bearish momentum persists, the price could fall back to test the key support at $5.78.

Losing this level would likely deepen the bearish outlook, potentially driving Berachain price lower toward $5.25 in the near term.

For now, the EMA alignment suggests that sellers still have the upper hand, but a shift in momentum could quickly change the market structure and trigger a rally.

The SEC declared today that proof-of-work cryptoassets are not bound by securities regulations. Based on this clarity and the commissions latest actions, BeInCrypto analysts predict that the SEC will approve multiple altcoin ETFs together by the end of Q2 2025

Meanwhile, Caroline Crenshaw, an anti-crypto SEC Commissioner, made another statement of public dissent today. She claimed that this ruling is full of loopholes, but it’s doubtful that these objections can stop a dedicated pro-crypto agenda.

SEC is Laying the Groundwork to Approve more ETFs

In a press release today, the Commission decided that proof-of-work cryptoassets are not considered securities under US law. Like Bitcoin, the entire asset class should be considered commodities. The SEC’s decision here could have huge implications for altcoin ETFs.

“It is the [SEC’s] view that mining activities do not involve the offer and sale of securities [and] that participants in mining activities do not need to register transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration,” the SEC’s statement claimed.

This regulatory clarity could change the odds of ETF approval for a few proof-of-work (PoW) cryptoassets. For example, Litecoin, which falls in this category, was already very likely to receive approval.

With this ruling, more asset managers might be inclined to offer ETFs for other PoW coins, like Monero or Kaspa.

However, this trend also goes beyond PoW cryptoassets in general. The SEC has been systematically declaring several assets to be commodities.

For example, in February, it declared that meme coins are not securities. This potentially clearly the regulatory roadblock for Dogecoin ETFs.

SEC Wants Paul Atkins to Join Under a Clean Slate

In other words, the SEC could be declaring all these assets to not be securities as a way of laying foundations for any future ETF applications. When viewed through this angle, even a few apparent setbacks could be the groundwork for future gains.

Case in point, the Comission delayed ETF applications for Solana and XRP last week. However, the CFTC has since approved futures trading on both assets, boosting their ETF odds.

Meanwhile, the Commission also dropped its landmark lawsuit against Ripple, which hinged on the supposition that XRP is a security.

So, all of these decisions are collectively removing any regulatory hurdles that can restrict altcoin funds from entering the institutional markets.

Next week, the Senate will reportedly begin confirmation hearings on Paul Atkins, Trump’s pick to be the next SEC Chair. By the time those applications meet another deadline, Atkins could be seated.

It’s likely that Atkins will have an easy decision to approve a bunch of different altcoin ETFs, as Mark Uyeda and Hester Peirce are already clarifying securities and commodities debate.

“Donald Trump’s pick for SEC chair Paul Atkins will face the Senate Banking Committie next Thursday for his nomination hearing. Trump’s pick for OCC, Jonathan Gould, will also have his hearing,” wrote Eleanor Terrett.

Crenshaw Speaks Out Once Again

Given the current regulatory trends and SEC actions, BeInCrypto projects that the Comission is preparing to approve several altcoin ETFs during Q2 2025.

However, not everyone on the Commission is prepared to go along with it. Caroline Crenshaw, a Commissioner who recently broke ranks to publicly dissent with the SEC’s pro-crypto turn, criticized today’s decision too.

“Buried in the footnotes, the statement reveals its true limitation: one actually would have to conduct a Howey analysis to know if a specific mining arrangement constitutes an investment contract. For the sake of investors, other market participants, and the markets themselves, I hope that readers do not mistake it for something more than it is,” she said.

Crenshaw asserted that the SEC’s argument is full of several other serious loopholes, and doesn’t actually guarantee that PoW tokens are free from securities laws.

She said that today’s decision is the tenth such “non-binding interpretation” in nine weeks, although she stopped short of directly accusing her colleagues of making biased rulings to favor the crypto industry.

Still, Crenshaw’s time at the SEC is running out. If nobody wishes to test these loopholes, it’s functionally the same as if they did not exist.