The price of Hedera's stock (c-24) hovers around $0.14859 after a weak but steady rebound from its low of $0.133 earlier this week. Despite ongoing selling pressure throughout June, the stock price stabilizes above a key accumulation area, with short-term indicators suggesting a likelihood of sharp fluctuations.
HBAR price dynamics
However, the trend remains bearish on a macro structural level unless bulls can reclaim the resistance level of $0.154-$0.158.
What is happening to the price of Hedera?
HBAR price dynamics
The broader price movement of Hedera is still confined within a resilient bearish structure since mid-April. The last daily candle shows a slight bullish bias, with the price attempting to break out of a narrow wedge pattern.
The price is trading above a key demand area at $0.133-$0.141, which has always formed a strong support base. The rebound from this level indicates that buyers are actively defending the weekly Fibonacci level of 0.786 at $0.11847, although continued upward movement remains limited for now.
HBAR price dynamics
On the weekly chart, Hedera's stock continues to adhere to the Fibonacci retracement level of 0.618 at $0.178 and the level of 0.5 near $0.221, both representing major resistance at the macro level. Long-term outlook remains cautious unless these levels are breached again.
Why is the price of Hedera rising today?
HBAR price dynamics
One reason for the slight increase in the index price today is local buying at the intersection of horizontal support with the convergence of the downward trendline.
The 30-minute chart shows that the price is now consolidating above the volume-weighted average price (VWAP) for the session ($0.14796), and the Parabolic SAR indicator has flipped below the candles - signaling the potential for a short-term upward trend. The Bollinger Bands are also narrowing, indicating a likelihood of volatility.
At the same time, the four-hour relative strength index (RSI) has risen to 43.34 from a previous low, with a bullish crossover forming above the 35 level. This indicates a slow recovery of momentum, although it remains below the neutral level of 50. The MACD on the shorter time frames shows flat histogram bars, reinforcing this consolidation hypothesis.
Technical signals and key indicators indicate a decrease in volatility.
HBAR price dynamics
Considering the four-hour Bollinger Bands indicator, the price is currently oscillating between the middle range at $0.1498 and the lower support range near $0.1424, with increasing pressure across the exponential moving averages. The exponential moving averages for 20, 50, 100, and 200 are currently stacking downwards between $0.1470 and $0.1594, forming a congestion area just above the current levels.
Rejection of this cluster of exponential moving averages around $0.151 and $0.154 may lead to another retest of the $0.141 level. However, a confirmed breakout above $0.15425 - characterized by both horizontal resistance and Fibonacci extension - may encourage new buy positions.
HBAR price dynamics
The Smart Money Concept charts show the formation of CHoCH (Change of Character) events in the range of $0.152-$0.155, highlighting an area of significant liquidity and interest from both bulls and bears.
HBAR Price Forecast: Short-term Outlook (24 Hours)
HBAR price dynamics
In the near term, Hedera bulls (c-34) need to overcome the resistance range between $0.154 and $0.156, where multiple indicators converge, including trendline resistance, exponential moving averages, and pivotal Fibonacci levels. A breakout above this range may push the price towards $0.1608, with extended upside potential to $0.1733.
On the downside, support remains firm at $0.1415. Should this area fail, the price may retreat towards the weekly Fibonacci level of 0.786 at $0.11847, which is also a strong historical demand range.
Given the narrow Bollinger range and the increasing divergence of the relative strength index, a breakout in either direction is likely within the next 24-48 hours.
Hedera Price Forecast Table: June 30, 2025 #StrategyBTCPurchase #NODEBinanceTGE
