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We asked the artificial intelligence to predict the price of Hedera (HBAR) in May.
🟢🛸.

After a difficult start to this year, the price of Hedera (HBAR) began to recover. In January, the price of HBAR was trading at around $0.40. However, with the deterioration of the cryptocurrency market in general, the price dropped to about $0.12 by April. That's when things started to change.
Last week, the HBAR token broke through the descending wedge pattern. This pattern often indicates a trend reversal, and so far, it looks like a good sign. Since this breakout, the price has risen by about 50%, and is now approaching $0.18. Instead of declining again, the price has remained stable. It is moving sideways, which may mean that buyers are waiting for the next big move. This move could be related to Bitcoin. Around the same time that the HBAR index started to rise, Bitcoin also began to increase, from $74,000 to $95,000.

Bitcoin is now trading near $97,000. If this rise continues, it is likely that alternative currencies like Hedera will follow suit. However, if Bitcoin drops, it could also lead to a decline in the HBAR index.

Why May might be an important month for Hedera
There are a few major events coming up in May that could give Hedera some additional momentum.

First, Hedera will participate in the Consensus 2025 conference in Toronto. This event is one of the largest blockchain events of the year. Participation usually brings significant interest, networking opportunities, and sometimes partnership announcements. This kind of attention can boost confidence in the project and help raise its price.
Hedera also participates in a panel discussion at the Token 2049 conference in Dubai. The focus will be on the tokenization of digital assets. This is a hot topic in the cryptocurrency world right now. If Hedera can prove its position as a key player in this field, it may attract the attention of investors and developers looking for practical applications.

Moreover, Hedera plans to organize a number of community and sponsorship events. The company is collaborating with Karate Combat, the Women in Cryptocurrency Association, and The Crypto Hub. While these events may not directly improve cryptocurrency prices, they contribute to the growth of the Hedera community and attract more individuals interested in building their businesses with Hedera.