Hedera (HBAR) Faces Make-or-Break Moment as May 19 Price Deadline Looms

Hedera’s native token HBAR enters a critical volatility window—just as institutional traders finish their third coffee. The DLT darling now dances between technical support levels and the cold reality of crypto’s ’buy the rumor, sell the news’ cycle.

Key factors in play:

- Network adoption metrics show enterprise clients actually using the chain (a rare feat in this space)

- Derivatives traders are pricing in 20%+ swings either way

- That one hedge fund VP who called it ’enterprise-grade blockchain’ unironically

While the hashgraph tech bypasses traditional blockchain limitations, HBAR’s price still bows to the same old market forces—because nothing disrupts greed and fear. Watch for a breakout if it holds $0.12, or prepare for the usual crypto theater if it doesn’t.

The latest technical analysis of HBAR shows that the asset may be in the early stages of a larger bullish movement, though the current pullback needs close monitoring. At the time of writing, HBAR is trading at $0.19.

The HBAR price chart has possibly formed a five-wave upward pattern starting from the April low. In simple terms, this means the price made five moves up in a sequence — a pattern that often suggests a strong market trend.

A larger market correction may have ended around April 7. Since then, the price appears to have moved higher,  beginning a new uptrend. This recent rise could be wave 1 of a bigger bullish move.

Correction Phase Likely Underway

After this upward movement, it seems that HBAR has entered a correction phase. This is a normal part of price action, where markets take a short pause or pull back before deciding their next direction.

This correction could follow a common ABC pattern, which is a typical way markets adjust after a rally. The support area for this correction is currently between 0.142 and 0.169. So far, HBAR has managed to hold above the higher end of this range, which is a positive sign.

Market Outlook: What to Watch Next

At the moment, there’s no clear sign that buyers are stepping in for a strong bullish reversal. However, the pace of the decline has started to slow down, which might be an early indication that the market is stabilizing.

There’s also a more bullish scenario being considered, where HBAR could attempt a quicker MOVE to the upside without falling much further. But for now, this outlook needs confirmation.

Investors and traders should keep a close eye on the support levels. If the price stays above this zone, it could increase the chances of a new upward move in the coming sessions.