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<h2 id="header-0">The descending triangle pattern&#39;s bull cycle incites buyers to push through the $0.0622 resistance.</h2>The altcoin will continue to move sideways as long as the price action is constrained by this pattern. Hedera&#39;s price is currently trading at $0.06, and the region between the trendline and that price can be thought of as a no-trading zone.The 20-day EMA has been regained by the rising price. The daily-RSI slope has moved into bullish ground. The Hedera coin3&#39;s intraday trading volume is $736.2 Million, which is a 32% gain.For almost five months, the price movement of Hedera has been vibrating in a declining triangular pattern. The downsloping trendline and the neckline support of $0.058-$0.056 have been repeatedly tested by the altcoin, showing that traders are aggressively reacting to these levels as a pattern barrier.An increase of 6.5% over the previous five days can be attributed to the recent reversal from the support neckline. The alternative coin should increase by another 5% with persistent buying to reach $0.062 and the declining trendline. Most likely, the price will reverse from this barrier and carry on moving sideways for a few more sessions.The triangle pattern&#39;s lower highs, nevertheless, actually represent the steady dilution of bullish momentum. As a result, the prices are anticipated to breach the support trendline and restart the current downturn as we draw closer to the triangle peak.On the other hand, a less likely but still potential breakout from the resistance trendline would refute the bearish thesis and may drive the price of Hedera as low as $0.075 per unit.Technical indicatorRSI indicator: As prices retest the $0.056 neckline, the RSI slope bullish diverges, indicating that purchasing activity is increasing. Additionally, the indicator slope that is almost above the midline should accelerate the bullish momentum.Bollinger band: As the price rises, it may soon reach the upper band of the indicator, which might prolong the consolidation phase above the $0.056 support.Support level: $0.055 and $76Resistance level: $0.0621 and $0.075

Hedera's Increasing Price May Reverse From $0.062 Resistance

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