- Hedera touches key levels at 0.12 and 0.06 as the long trend structure forms a steady pattern on the chart.
- The chart shows repeated tests near 0.03 and 0.12 as the price moves inside a wide zone with clear points.
- A curved path extends toward 2028 and tracks the pattern that formed after each move toward the lower boundary.
Hedera trades near 0.133, as the long structure on the weekly chart shows repeated touches at 0.12 and a possible move near 0.06 before a wider trend forms.
Long Structure Shows Repeated Reactions at Lower Zones
The chart begins with a bounce near 0.008 in 2020. Price then moves toward 0.08 and forms a base above the level. A rising line connects key lows across 2021 and 2022. These lows sit near 0.02 and 0.03 and form the lower boundary of the long trend.
Hedera touches this boundary again in early 2023. The point sits close to 0.028. The line shows a steady slope and a long duration. Price later moves toward 0.18. A swing forms near the 0.382 level at 0.18027. The move creates a high point inside the large pattern.
A larger zone between 0.12 and 0.18 forms a band of activity. Several candles return to this zone and show strong interaction. A fast move then forms in 2024. It rises from near 0.03. It returns again to the 0.12 region, where the chart marks S/R.
Current Position Shows Interaction at 0.12 as Chart Marks Lower Targets
Hedera now trades near 0.133. The chart shows the price touching the upper red trend line. The line stretches from the 2021 high near 0.56757. A circle marks the current area near 0.12. This point shows a key reaction zone inside the pattern.
A drawn path moves downward from this point. It curves toward 0.09892, then moves toward 0.06779 at the 0.786 level. The projected path continues toward 0.04181. This level marks the 1.0 extension on the structure.
A circle marks the touch near the lower trend line. It aligns with earlier touches seen in 2021 and 2023. The chart then shows an upward curve. It rises sharply toward levels near 0.45 and higher as the path extends toward 2028.
Wide Pattern Suggests a Test of the Lower Boundary Before a Long Upward Curve
The structure between 2020 and 2028 forms a large wedge shape. The lower line connects four clear lows. The upper line connects several highs. These points include 0.56757 and 0.39844. The trend compresses slowly across years. The projection shows a dip toward the lower wedge boundary. The path then begins a steep rise toward 2028.
The band near 0.12 remains central to the pattern. It sits between 0.12649 and 0.12907 on the Fibonacci levels. The chart also shows the 0.16841 point at the upper 0.382 retracement. The levels help map the next phases in the structure. This activity raises one pivotal question: Will Hedera reach the lower support near 0.04 before forming the long upward curve shown on the chart?
