The post Don’t Miss This Chart Signal appeared on BitcoinEthereumNews.com.

Hedera (HBAR) has recently shown signs of slowing momentum after an impressive bounce in early May. With the current price hovering near $0.192 and both the hourly and daily charts flashing mixed signals, traders are split on whether HBAR price is preparing for another leg up or a potential drop below key support. Let’s break down the charts and price action to predict what’s next. HBAR Price Prediction: Is Hedera Price Losing Steam After Recent Recovery? HBAR/USD Daily Chart- TradingView On the daily chart, HBAR price managed to cross above the 50-day and 100-day simple moving averages (SMA), but it’s now facing strong resistance around the $0.21–$0.22 region. This area coincides with the 200-day SMA currently sitting near $0.213, which typically acts as a strong dynamic barrier in crypto trends. As of May 18, the price has slipped back below this level and is trading at $0.19169, raising concerns that the recent bullish momentum may be stalling. The structure resembles a rounding top pattern, suggesting a loss of bullish strength. The uptrend from April found strong buyers around $0.14, but failed to break out above $0.24, where multiple wick rejections occurred. This zone now acts as a psychological barrier. What Does the Hourly Chart Reveal About Near-Term Moves? HBAR/USD 1 Hr Chart- TradingView Zooming into the hourly chart, we can see a clearer picture of immediate price action. After peaking around $0.22 earlier this week, HBAR price began a slow, grinding descent with lower highs and lower lows. The hourly 20, 50, and 100 SMAs are all sloping downward, with the current price stuck under the 100-hour SMA at $0.19974. This Hedera price compression has formed a descending wedge, typically a bullish reversal pattern. If this wedge breaks upward with volume, HBAR could attempt to reclaim $0.205 and then test…

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Filed under: News - @ May 18, 2025 5:16 am