Hedera (HBAR) has shown signs of weakness recently, dropping 4% on Thursday, March 27, 2025, and now hovering near an $8 billion market cap. This decline has raised concerns among traders as recent technical indicators suggest that sellers may be gaining control, particularly as directional strength begins to shift. The Directional Movement Index (DMI) and Ichimoku Cloud both indicate that the market is caught in consolidation but leans slightly bearish.
The DMI chart for Hedera reveals that the Average Directional Index (ADX) has dropped to 16.6, down from 23.5 the previous day. This decline is significant, as the ADX is a critical measure of trend strength. A decrease like this suggests that the momentum behind any recent movements—whether bullish or bearish—is weakening. An ADX value below 20 typically indicates a lack of a clear trend or sideways movement, which aligns with HBAR’s recent consolidation phase observed over the last few days.
While the ADX itself does not indicate the direction of the trend, it does reflect its strength. Values below 20 signal a weak or non-existent trend, while values above 25 suggest a strong trend. The DMI's +DI (Positive Directional Indicator) is currently at 18.4, down from 26.9, while the -DI (Negative Directional Indicator) has risen to 22.33 from 13.61. This shift in directional strength indicates that bearish momentum is increasing as bullish momentum fades. Coupled with a low ADX, it suggests that although sellers are gaining the upper hand, the overall trend still lacks conviction, reinforcing the idea that HBAR is likely to remain range-bound unless a breakout confirms a new direction.
Furthermore, Hedera’s Ichimoku Cloud chart indicates a market in equilibrium, with prices hovering near the lower boundary of the cloud. Recent candlesticks show a clear hesitation around this area, reflecting ongoing consolidation. The Kijun-sen (blue line) has turned flat, indicating a loss of momentum and a potential pause in trend direction. Meanwhile, the Tenkan-sen (red line) is sloping downward, suggesting short-term bearish pressure. Despite this, the forward cloud has flipped to a bullish twist, signaling a possible shift in sentiment, although this outlook remains unconfirmed unless HBAR can establish clear separation above the cloud.
Hedera has faced strong resistance recently, struggling to break past the $0.199 level—failing to do so twice in the past few days. This repeated rejection has created a ceiling that’s proving tough to breach. Meanwhile, its EMA lines are tightening, and there’s the looming possibility of a death cross forming, which would signal a potential bearish shift. If that crossover is confirmed, it could accelerate downward pressure, leading HBAR to retest its next key support level near $0.184. A breakdown below this level could open the door for further downside, potentially extending the move toward the lower support region around $0.179. If that support is also lost, HBAR could fall below $0.17 for the first time since November 2024.
However, if momentum can flip, the bulls still have a case. Should the Hedera price manage to regain strength and form a sustainable uptrend, a third challenge of the $0.199 resistance could be on the table. A successful breakout above that level would likely trigger a move toward the next resistance zone around $0.21. If bullish momentum continues to build, there’s potential for an extended rally toward the $0.258 level.
In another part of the crypto landscape, Chainlink (LINK) has also been experiencing volatility. The price analysis reveals that LINK is at a crucial turning point as it retests key support levels amid a broader altcoin price decline. Chainlink has dropped 9.1% in the past 24 hours, reflecting a selloff in the altcoin market. LINK surged 35% from its monthly low to reach an 18-day high of $16 before retracing to the $14 support zone. This correction comes as Bitcoin (BTC) and Ethereum (ETH) also face downward pressure.
Market analysts note that LINK has been trading within a descending channel since Q4 2024. If the token holds its lower trendline, a rebound toward the $19–$20 resistance zone is possible. Conversely, a breakdown below the support range of $12–$13 could trigger further downside in the LINK market trend. On-chain data indicates that institutions and large-scale traders are building positions in LINK, with about 67% of holders being whales. More than $4 million of LINK was taken out from exchanges during the week of March 23, 2025, signaling diminishing selling pressure.
Chainlink’s price chart indicates a high correlation with Bitcoin, currently showing a coefficient of 0.92. If Bitcoin experiences a sharp fall, LINK may follow suit, potentially reaching lower price levels. Analysts remain mixed on the future outlook for LINK. A successful monthly close above $14–$15.5 would confirm a post-breakout retest, opening the door for a move toward $19–$30. However, failure to hold support could lead to a test of the $12 level before any potential recovery attempt.
Meanwhile, XRP has also been facing challenges, having lost almost 6% in a dramatic daily move, falling below an important support level and entering a critical zone. Currently trading at about $2.20, XRP is positioned to test the psychological $2.00 threshold. The decline is concerning as it is trading below the 100-day Exponential Moving Average (EMA), a trend confirmation tool for traders. The recent failure to recover the resistance zone between $2.37 and $2.42 has strengthened the bearish argument.
Shiba Inu (SHIB) is also struggling, currently trading at $0.00001327, down more than 5% for the day. SHIB needs to protect the $0.00001300 support level in the near future. If it breaks below this level, it may drag the price back toward the $0.00001200-$0.00001230 region. Dogecoin (DOGE) is trading at around $0.1802, down more than 5% over the past day. The $0.20 level, which was adjacent to DOGE's 50-day EMA, was recently rejected, indicating a potential downward trend.
As the cryptocurrency market continues to face volatility, traders and investors are left to navigate these uncertain waters. With key resistance levels being tested across multiple assets, the coming days will be critical in determining the direction of these cryptocurrencies.
