The encryption market displays mixed signals as Bitcoin maintains its location above 80,000 dollars, while a lot of Altcoins is struggling to find momentum. Among them, HEDERA (HBAR) has been traded in a distinctive descending triangle style since January 2025.
The price is currently at $ 0.16216, which indicates a decrease of 1.68 % in the last session. Will this lead to a fall to $ 0.11701?
HEDERA Prices Analysis
On the daily chart, the HBAR price direction shows a large declining movement. Since January 2025, the distinctive symbol has decreased from about $ 0.38 to its current levels of about $ 0.16.
This represents a decrease of approximately 58 % over the past three months. During this declining direction, HEDERA has formed a descending triangle style, which includes a series of highest levels. This style usually indicates the continuation of the current downward trend.
With the price test currently for low triangle support at $ 0.16353, HBAR is in an important position. Modern candles show small bodies with a simple rejection level, indicating the frequency of the market.
The decline during the day by 1.68 % indicates that merchants are translated with the long -term structure remaining. Moreover, the decreasing volume throughout this monotheism indicates that a decisive step may be close with the price approaching from the end of the triangle.
The graph displays several main axial points, with a S1 at 0.11701 dollars as major support if the current levels fail. Resistance levels are clearly defined with R5 at $ 0.47213, although immediate resistance is located at R1 ($ 0.24848).
EMA reveals a declining alignment with 20/50/100/200 EMAS above the current price. This EMA ranges between $ 0.20 -0.21 dollars creates a large resistance area that HBAR needs to penetrate to reject the declining style.
HBAR price goals
Based on the formation of the descendant triangle, the collapse below the support level can lead to a move about $ 0.11701 (S1). This goal is calculated by dropping the height of the triangle from the collapse point.
If HBAR managed to break the descending trend line and EMAS, the R1 may target at $ 0.24848, which was previously supported in late February.
On the downside, if the price is not able to keep the current support level, the HBAR may decrease to the S1 at $ 0.11701, where the S2 is at $ 0.07092 as the next main support zone in the event of a collapse.
HBAR and the founder of onlyfans suggest obtain Tiktok
HBAR has a partnership with Tim Stokely, founder of the Fans PANS subscription site, in an attempt to acquire Tiktok. Last week, Stokely and HBAR Foundation submitted a proposal to the White House via Zooop, a newly established collective financing company. This was hurt by a conversation tweet.
RJ Phillips, co -founder of Zooop, stated that the acquisition is not only aimed at changing ownership. It also aims to create a new model that allows creators and their societies to benefit directly from the value they generate. If the acquisition continues, we can see an increase in prices in HBAR.
New openings for Hedra
The HEDERA network reshapes the capabilities of the smart contract with the unveiling of the HEDERA 755 and 756.
HP-755 and HP-756 open new exciting possibilities for Hedra By bringing in original scheduled transactions to smart contracts-enabling unprecedented format and multi-party scheduling capabilities for advanced decentralized applications.https://t.co/a82x6ghvkr
Hedera (@Hedera) April 2, 2025
The promotions will enable multi -party coordination and schedule functions. With the latest promotions, you will find DAPPS based on HEDERA new efforts.
