🚨 Crypto Catastrophe? 🚨

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Oh joy, oh rapture! Hedera (HBAR) is having a fabulous day… said no one ever. 🤦‍♂️ It’s down a whopping 2.5% in the last 24 hours, because who needs gains, right? As traders prep for the thrilling “Liberation Day” announcements, technical indicators are all like, “Uh, good luck with that.” 🤔

Imagine a tug-of-war between buyers and sellers, but instead of a rope, they’re using a soggy noodle. That’s what the DMI is showing us. Meanwhile, the Ichimoku Cloud and EMA alignments are just over here, sipping tea, and pointing to downside risks. 🍵 Because, why not?

Hedera’s DMI: Where Trend Strength Goes to Die 😴

The Average Directional Index (ADX) has taken a nosedive from 40.5 to 24.5 in just two days. That’s like going from a strong coffee to decaf… it’s just not the same. ☕️ A reading below 25 means the trend is weaker than your aunt’s gossip game.

But wait, there’s more! The +DI (positive directional index) is like the enthusiastic but inconsistent friend who’s all, “I’m in! 🎉” (15 to 20.37) and then, “Meh, maybe not 🤷‍♂️” (dipped from 23.94 yesterday). The -DI (negative directional index), on the other hand, is the overachiever who’s all, “I’ll just drop from 37 to 22.34 and then slightly recover, because why not?” 🤷‍♀️

Long story short, HBAR is still in a downtrend, and unless the +DI and ADX get their acts together, it’s bearish city or consolidationville. 🏙️

HBAR Ichimoku Cloud: The Bearish Trend’s Fancy Dinner Party 🍴

Picture this: a clearly bearish setup, with prices below the cloud (Kumo), which is shaded red because, well, it’s a party pooper. 🎉 The Senkou Span A and B are sloping downward, indicating the downtrend is here to stay… or at least until the next plot twist. 📺

The Tenkan-sen crossed below the Kijun-sen, and if you’re not asleep yet, that’s a bearish signal. 😴 In short, Hedera’s still in a downtrend, and the momentum is all, “Nah, we’re good, let’s just keep going down.” 👎

Can Hedera Rise from the Ashes to $0.20? 🐫

The EMA indicators are all, “Bearish trend, yeah, we’ve got this!” with short-term moving averages below the longer-term ones. 📊 Unless a reversal happens, and soon, the price might retest support near $0.156. Losing that? Well, let’s just say it could get ugly… below $0.15 ugly. 😷

But hey, if the trend reverses, and bulls get their mojo back, HBAR might just challenge resistance near $0.179. Breakout there, and who knows, maybe $0.20 or even $0.258 are within reach. 🤞 For now, though, it’s all about the bearish vibes. 🐻

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2025-04-03 11:01