After gaining over 40% in the first half of May, the Hedera price today is showing early signs of consolidation near $0.211. The recent rally took HBAR from a low of $0.15 to a local high of $0.228 on May 12, driven by breakout formations and broader altcoin strength. While Hedera price action remains bullish on the higher timeframes, short-term indicators suggest a cooling phase may be underway.
What’s Happening With Hedera’s Price?
The daily chart shows a clean breakout from April’s range-bound price structure, where HBAR hovered below $0.18 for much of the month. After that, two strong bullish candles propelled price above the $0.20 psychological level and into the $0.22–$0.23 resistance zone.
The 4-hour chart displays a sequence of falling wedge breakouts since late April, with the latest upward move stalling just below $0.23. Currently, HBAR is trading slightly above the 0.382 Fibonacci retracement level ($0.2115) from the recent move between $0.209 and $0.228, positioning this as a key mid-range pivot.
The Hedera price update shows intraday candles formin…
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