After an initial spike, it entered a downward-moving channel, with indicators like RSI and MACD flashing overbought and bearish signals. Breakouts from triangles and ranges occurred throughout the session, but each move quickly lost strength. The asset struggled to break out of its short-term range, bouncing between $0.16 and $0.17. Traders are now closely watching for a definitive move to shift this sideways trend. Until then, Hedera appears stuck, with each breakout attempt facing immediate resistance or fading momentum. Let’s look at the Hedera price analysis to see the support and resistance.
Hedera Price Analysis for April 22, 2025
Hedera formed a spike that was followed by a downward-moving channel. In the meantime, RSI moved above 70, indicating a pullback or reversal. At 01:55 UTC on 21st April, MACD showed a Death Cross. The downward-moving channel after the spike broke out to the upside at 03:35 UTC and formed a converging triangle pattern. At 08:05 UTC, RSI moved above the level of 70, and at 09:10 UTC, a Death Cross was seen in MACD, both suggesting a pullback to the downside. The same happened at 09:15 UTC: Hedera coin broke from the upward-moving converging triangle to the downside, but again it failed to form a spike.
Instead, another converging triangle pattern was formed. This time, the converging triangle broke out to the upside at 14:10 UTC. Again, the upside Hedera breakout failed, and the price formed a minor range. At 15:50 UTC, MACD showed a Death Cross, suggesting lower prices. At 16:00 UTC, the price broke out to the downside from the minor range, and a spike was formed, which pushed the price to the day’s low at $0.16. In the meantime, RSI dropped below 30, indicating a reversal or a pullback. The Hedera price spiked upward, supported by a Golden Cross of MACD at 17:30 UTC.
But the momentum soon faded, and a small minor range appeared, which again broke out to the upside, showing the conviction of the buyers at 19:15 UTC. At 19:55 UTC, RSI moved above the level of 70, indicating a reversal or at least a pullback, and at 02:15 UTC, MACD gave the signal of a Death Cross, indicating lower prices. Hedera formed a resistance level at $0.17 with support at $0.166. A minor downward-moving channel appeared, breaking out to the upside at 23:45 UTC but soon faced resistance.
Hedera Price Prediction for April 22, 2025
The support and resistance created yesterday remain in place today, with support at $0.16 and resistance at $0.172. No significant momentum can be seen in the price until Hedera breaks either of these levels with force. If Hedera can break its resistance, then the price may reach the level of $0.175. If Hedera breaks its support level of $0.16, the price may drop to $0.160. In the higher timeframe, Hedera is currently in a trading range, which suggests that every Hedera breakout has failed and that there should be stronger conviction or a fundamental catalyst for the Hedera price to move beyond its range.
Range Holds, Momentum Lacking
Hedera price remains trapped in a defined range, with support at $0.16 and resistance near $0.172. Recent Hedera breakouts have lacked conviction, often fading shortly after triggering. A clear push above resistance could target $0.175, while a breakdown below support risks a drop toward $0.160. Momentum indicators continue to flash mixed signals, reinforcing indecision. Hedera coin will likely remain in consolidation until a more potent catalyst emerges, whether technical or fundamental. Traders should wait for volume-backed confirmation before reacting to breakouts, as the current structure favors false moves over sustained trends.
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