Hedera’s price action showed clear signs of indecision, bouncing between different formations throughout the session. After briefly reaching a daily high near $0.189, the market reversed, failing to hold upward momentum. Each breakout attempt lacked conviction, whether to the upside or downside, with most movements quickly returning to range-bound behavior. Technical indicators like MACD and RSI gave mixed signals, frequently flipping between Golden and Death Crosses, while RSI dipped into oversold territory multiple times. Overall, the session reflected a trading range structure, where breakout setups failed to evolve into sustained trends, keeping Hedera directionless. Let’s take a look at the Hedera price chart to see the pattern formation.
Hedera Price Analysis of April 24, 2025
An expanding triangle appeared in the price of Hedera, which marked the day’s high at $0.189. The expanding triangle broke out to the downside at 10:05 UTC, supported by a Death Cross of MACD, but instead of forming a spike, it formed a range, which continued until 13:55 UTC. The range tried to break out to the upside at 13:05 UTC, supported by a Golden Cross, but the upside breakout failed. Price then broke out to the downside of the range at 13:55 UTC with the support of a Death Cross. The price dropped to the level of $0.177.
In the meantime, RSI dropped below the level of 30, indicating oversold market conditions. The price of Hedera coin attempted a V-shaped recovery, but the recovery faded as a converging triangle appeared in the price, which broke out to the downside at 18:50 UTC, supported by a Death Cross of MACD. At 19:25 UTC, RSI dropped below the level of 30, again indicating oversold market conditions. The Hedera price formed another converging triangle pattern, which continued until the day’s end. The price of Hedera showed trading range behavior, meaning every breakout from any pattern failed to form a sustained trend.
Hedera Price Prediction: What Is Next for HBAR?
The converging triangle pattern that appeared the previous day broke out in the early hours of 24th April at 00:25 UTC, but the Hedera breakout soon failed to form a spike. Instead, a range appeared, again breaking out to the downside at 03:30 UTC, supported by a Death Cross of MACD. If the breakout succeeds, then Hedera could drop to the level of $0.167. But if it fails, the first target should be $0.180, which could reach its previous high of $0.189. As Hedera coin is currently in a trading range, traders should be cautious before taking a breakout trade.
Range Dominates, Patience Required
Hedera coin continues moving within a well-defined trading range, showing little commitment to bullish or bearish follow-through. The most recent Hedera breakout failed to hold, and price action again reverted to sideways movement. A sustained drop below $0.167 could shift momentum bearish, while a recovery above $0.180 may reignite attempts to retest the $0.189 high. Range-based trading strategies remain most effective until one of these key levels is decisively breached. MACD and RSI remain essential tools, especially in a consolidating market like this. Traders should avoid chasing breakouts and wait for confirmation before entering new positions.
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