Over the past 24 hours, Hedera’s (HBAR) price fell by 12.5%, supported by significant trading volume approaching 1 billion USD. The drop aligns with bearish indicators such as a decreasing ADX and the position of HBAR below the Ichimoku Cloud, suggesting resistance is firm.

Forecasts suggest that if the bearish trend persists, HBAR could decrease to 0.23 USD. However, there might be a bounce back to 0.32 USD if buying momentum strengthens, offering a potential upside. The weakening ADX indicates that while the downtrend remains, its intensity could be fading.