After a rough start to the year, the price of Hedera (HBAR) is starting to bounce back. In January, HBAR was trading near $0.40. But as the broader crypto market struggled, the price slid all the way down to around $0.12 by April. That’s when things started to change.
Last week, HBAR broke out of a descending wedge pattern. This kind of setup often points to a trend reversal, and so far, it’s looking like a good sign. Since the breakout, the price has climbed by about 50 percent and is now sitting near $0.18.
Instead of falling again, the price has been holding steady. It’s been moving sideways, which could mean that buyers are waiting for the next big move. And that move might be tied to Bitcoin. Around the same time HBAR started rising, Bitcoin also began pushing higher, going from $74,000 to $95,000.
Now Bitcoin is trading near $97,000. If it keeps going, there’s a good chance altcoins like Hedera will follow along. But if Bitcoin dips, that could pull HBAR down as well.
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Why May Could Be a Big Month for Hedera
There are a few key events coming up in May that could give Hedera some extra momentum.
First, Hedera will be at Consensus 2025 in Toronto. This is one of the biggest blockchain events of the year. Being part of it usually brings a lot of attention, networking, and sometimes even partnership announcements. That kind of exposure can boost confidence in the project and help the price move higher.
Hedera is also taking part in a panel discussion at Token2049 Dubai. The focus will be on tokenizing real-world assets. This is a hot topic in crypto right now. If Hedera can show that it is a serious player in this space, it could bring in interest from investors and developers who are looking for real use cases.
On top of that, Hedera has a few community and sponsorship events planned. They are working with Karate Combat, the Association for Women in Cryptocurrency, and The Crypto Hub. These events might not move the price directly, but they help grow the community and bring in more people who want to build with Hedera.
Read Also: How Ondo Is Turning Solana Into an Institutional-Grade RWA Hub
HBAR Price Prediction for May
So, where could the price of HBAR go in May?
If Bitcoin stays strong and the market remains bullish, HBAR could climb to somewhere between $0.22 and $0.25. That kind of move would be backed by the recent breakout, positive market sentiment, and the buzz from events like Consensus and Token2049.
If things stay more neutral and Bitcoin trades sideways, then HBAR might just continue ranging between $0.16 and $0.20. This would still be a healthy sign and could set the stage for another move up later.
But if the market turns and Bitcoin starts to fall again, there is a chance HBAR could drop back to around $0.14. The breakout is a good sign, but the overall crypto trend will still play a big role in what happens next.
Either way, May is shaping up to be an important month for Hedera. With strong event exposure and growing attention on tokenization, the project has some solid momentum behind it
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