Hedera Price Prediction: Technical Weakness and Flat Momentum Signal Extended Consolidation Phase
The post Hedera Price Prediction: Technical Weakness and Flat Momentum Signal Extended Consolidation Phase appeared on BitcoinEthereumNews.com. Hedera Hashgraph (HBAR) continues to trade within a narrow range, reflecting subdued volatility and low momentum across multiple timeframes. While short-term price fluctuations show some signs of accumulation, broader technical indicators remain weak. Market behavior points to a possible continuation of the current consolidation unless key resistance levels are breached with meaningful volume and institutional interest. Hourly Chart Signals Sideways Action Amid Fading Momentum The hourly chart of HBAR/USDT on Open Interest highlights a cycle of rising prices, sharp decline, and prolonged stabilization. Between May 21 and 23, HBAR experienced a clear uptrend, with the price forming a series of higher highs and higher lows—indicative of short-term bullish momentum. This rally was supported by a noticeable increase in Aggregate Open Interest (OI), which typically reflects increased speculative participation. However, the trend reversed on May 23, and the price entered a consistent decline, suggesting profit-taking and a shift in market sentiment. Source:Open Interest From May 24 through 28, the price action shifted into a consolidation phase, with limited volatility and smaller candlestick formations. The price moved largely sideways in the $0.181 to $0.191 range. This kind of behavior is often interpreted as market indecision, where both buyers and sellers remain cautious. Meanwhile, the OI indicator showed a significant drop following the May 23 reversal and remained relatively flat during the consolidation period. On May 29, a modest uptick in OI was observed, possibly signaling renewed interest, although confirmation of a directional breakout has yet to occur. The presence of consistent OI alongside range-bound price action often suggests the potential for a larger move. Traders will likely monitor OI alongside price for signs of breakout or breakdown, particularly if coupled with increased volume. A breakout above $0.192 or a fall below $0.180 may serve as early signals for directional momentum. Daily Price…
The post Hedera Price Prediction: Technical Weakness and Flat Momentum Signal Extended Consolidation Phase appeared on BitcoinEthereumNews.com.
Hedera Hashgraph (HBAR) continues to trade within a narrow range, reflecting subdued volatility and low momentum across multiple timeframes. While short-term price fluctuations show some signs of accumulation, broader technical indicators remain weak. Market behavior points to a possible continuation of the current consolidation unless key resistance levels are breached with meaningful volume and institutional interest. Hourly Chart Signals Sideways Action Amid Fading Momentum The hourly chart of HBAR/USDT on Open Interest highlights a cycle of rising prices, sharp decline, and prolonged stabilization. Between May 21 and 23, HBAR experienced a clear uptrend, with the price forming a series of higher highs and higher lows—indicative of short-term bullish momentum. This rally was supported by a noticeable increase in Aggregate Open Interest (OI), which typically reflects increased speculative participation. However, the trend reversed on May 23, and the price entered a consistent decline, suggesting profit-taking and a shift in market sentiment. Source:Open Interest From May 24 through 28, the price action shifted into a consolidation phase, with limited volatility and smaller candlestick formations. The price moved largely sideways in the $0.181 to $0.191 range. This kind of behavior is often interpreted as market indecision, where both buyers and sellers remain cautious. Meanwhile, the OI indicator showed a significant drop following the May 23 reversal and remained relatively flat during the consolidation period. On May 29, a modest uptick in OI was observed, possibly signaling renewed interest, although confirmation of a directional breakout has yet to occur. The presence of consistent OI alongside range-bound price action often suggests the potential for a larger move. Traders will likely monitor OI alongside price for signs of breakout or breakdown, particularly if coupled with increased volume. A breakout above $0.192 or a fall below $0.180 may serve as early signals for directional momentum. Daily Price…
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