Bullish Run Faces Key Challenges

Hedera (HBAR) price has shown impressive growth, climbing 21.43% in the past seven days and a remarkable 172.58% over the last month. This surge is supported by a bullish trend in its EMA lines, with short-term lines above the long-term ones, indicating sustained upward momentum.

However, caution is warranted as both the Ichimoku Cloud and DMI charts highlight signs of potential trend reversal. If bearish momentum takes over, HBAR could face a significant correction, testing critical support levels at $0.117 and potentially falling as low as $0.053.

HBAR Current Uptrend Is Still Strong

Hedera DMI chart highlights an ADX value of 52, signaling a strong market trend. The ADX, or Average Directional Index, measures the strength of a trend, with values above 25 indicating a significant trend and values above 40 signaling an exceptionally strong one.

An ADX at 52 suggests that the current trend, whether upward or downward, is firmly established and unlikely to weaken soon. Importantly, this value has remained above 40 since November 14, showing sustained market momentum.

Currently, HBAR’s D+ stands at 27.2, and D- at 14.4, reflecting that the prevailing trend is upward. However, the decreasing D+ alongside a sharp increase in D- indicates a potential weakening of the uptrend. This divergence suggests growing selling pressure, which could eventually challenge the bullish dominance if it continues.

While the trend remains strong for now, the interplay between D+ and D- highlights a critical phase for Hedera, where market sentiment may shift if the bearish momentum gains further traction.

Ichimoku Cloud Shows Caution Is Needed

Based on the Ichimoku Cloud chart for HBAR, the price is trading near the Kijun-Sen (orange line) and Tenkan-Sen (blue line), indicating a consolidation phase. The flat nature of the Kijun-Sen suggests a lack of strong directional momentum, while the cloud (Senkou Span A and B) below the price acts as a support zone.

The green cloud indicates bullish sentiment in the mid-term, but the price’s struggle to stay above the Kijun-Sen highlights uncertainty.

If HBAR price maintains support above the cloud, it could attempt a bullish reversal. The next resistance will be around the Tenkan-Sen and the recent high.

However, a breakdown below the cloud could signal bearish momentum, potentially targeting lower levels. The thinning cloud toward the end of the chart also suggests weakening support, making this a critical phase for HBAR trend direction.

HBAR Price Prediction: A 62% Correction After The Recent Surge?

HBAR EMA lines display a bullish trend, with short-term lines positioned above the long-term ones, signaling strong upward momentum.

The token has surged 21.43% in the past seven days. If the uptrend persists, it could challenge resistance at $0.157 and $0.1711. This bullish sentiment reflects sustained buying pressure, keeping the price on an upward trajectory.

However, indicators like the Ichimoku Cloud and DMI suggest a potential trend reversal. Should the trend shift bearish, HBAR price is likely to test support at $0.117, a critical level for maintaining its momentum.

If this support fails, the price could plummet to $0.053, marking a significant 62% correction.