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Hedera (HBAR) has been under pressure, down more than 17% over the last 30 days and trading below $0.20 since May 23. While some momentum indicators show early signs of recovery, HBAR continues to face resistance at key technical levels.

Its BBTrend remains in negative territory, and the RSI has failed to break above 60 despite climbing from oversold conditions. A potential golden cross in its EMA lines could trigger a bullish breakout, but the move needs stronger follow-through to overcome nearby resistance.

HBAR’s Persistent Negative BBTrend Could Delay Bullish Breakout

As reflected by its BBTrend indicator, Hedera has shown persistent bearish momentum over the past two weeks. Since May 26, the BBTrend has remained in negative territory, reaching a low of -12.54 on June 2.

As of now, the indicator sits at -0.195, suggesting a potential easing of the downtrend, though the overall sentiment remains weak.

Despite briefly touching 0.09 yesterday, the negative BBTrend trajectory shows that bullish pressure has yet to take hold convincingly.

BBTrend, short for Bollinger Band Trend, measures the direction and strength of price movements based on the position of the price relative to Bollinger Bands.

A positive BBTrend suggests bullish momentum, while a negative reading indicates sustained selling pressure or sideways movement within the lower part of the Bollinger Band range.

With HBAR’s BBTrend still slightly negative at -0.195, it signals caution—although the extreme bearishness seen earlier in June has moderated, the asset hasn’t firmly transitioned into a bullish phase.

HBAR Recovers From Oversold Levels

Hedera is showing signs of recovering momentum, with its Relative Strength Index (RSI) currently at 57.17—up sharply from 27.62 on June 5.

Since June 6, RSI has held consistently above the neutral 50 mark, suggesting buyers gradually gain control.

However, despite this upward shift, HBAR’s RSI has struggled to break above the 60 threshold over the past three days, signaling that bullish momentum remains limited and faces resistance just as it begins to build.

The RSI is a widely used momentum oscillator that ranges from 0 to 100. Values above 70 indicate overbought conditions, while those below 30 point to an oversold market. Readings around 50 suggest a neutral stance.

With HBAR’s RSI currently testing the 50–60 zone, the asset is in a transition phase—neither strongly bullish nor bearish.

A decisive break above 60 could open the door to further upside, but its recent inability shows that the bulls still lack conviction for a sustained rally.

Will Hedera Break $0.20?

Hedera price is approaching an important moment, as its Exponential Moving Averages (EMAs) hint at a potential golden cross formation. This bullish signal occurs when a short-term EMA crosses above a long-term EMA.

If this crossover materializes, it could trigger upward momentum and drive HBAR to test the resistance at $0.175.

A strong breakout above that level may open the path toward $0.193, and if the uptrend gains traction, HBAR could surge to as high as $0.209, reclaiming the $0.20 zone for the first time since May 23.

However, the bullish scenario hinges on sustained upward momentum. HBAR may retreat to test the immediate support at $0.160 if the rally fails to develop.

A breakdown below that level could drag the price to $0.155, placing it at risk of deeper short-term losses.

The post Hedera Awaits a Potential Golden Cross – What Does it Mean for HBAR Price? appeared first on BeInCrypto.

Cardano has faced a series of setbacks recently, with its price failing to break through key resistance levels and subsequently experiencing a decline. 

These struggles have left traders and investors feeling uncertain and bearish. The combination of weak inflows and skepticism among traders has stalled Cardano’s recovery.

Cardano Needs To Find Strength

For the past week, Cardano’s funding rate has fluctuated between positive and negative values, reflecting the unstable sentiment in the market. This fluctuation indicates that traders are attempting to capitalize on the price decline by placing short contracts. At the time of writing, short contracts dominate long positions, signaling that traders remain cautious and expect further declines.

This bearish sentiment is reinforced by the fact that short positions are outpacing long positions. As a result, the market is under heavy downward pressure, and there is little indication that a strong recovery is imminent unless there is a significant shift in trader behavior.

Cardano’s macro momentum is also impacted by a lack of investor support, as shown by the Chaikin Money Flow (CMF) indicator. The CMF has been stuck below the zero line for the past three weeks, indicating that money is flowing out of Cardano, not into it. This suggests that investor confidence is low, which is a major barrier to price growth.

Although the CMF recently showed a slight uptick, the broader trend of negative netflows remains intact. The lack of sustained inflows signals that investor sentiment has weakened, making it challenging for Cardano to break free from its current bearish trend.

ADA Price Is Attempting to Recover Losses

Cardano’s price currently sits at $0.68, just under the crucial resistance level of $0.70. The altcoin appears to be on track for consolidation between $0.77 and $0.70. However, this consolidation could signal a lack of upward momentum and indicate a prolonged period of stability.

If ADA’s bearish sentiment persists, Cardano’s price could struggle to break the $0.70 barrier and instead slide further toward $0.62. This would mark a further decline and signal that the current price action is unlikely to result in a recovery without substantial shifts in market conditions or investor sentiment.

On the other hand, if investors begin to see the current price as an opportunity, Cardano could breach $0.70 and potentially rise beyond $0.77, towards $0.85. This would invalidate the bearish outlook, opening the door for a more significant price rally. However, without a notable increase in support, Cardano’s price is likely to remain under pressure.

The post Cardano (ADA) Price Recovery Blocked by Weak Inflows and Skepticism appeared first on BeInCrypto.