Dollar

Future

Hedera

<ul class="wp-block-list">
 <li>HBAR’s 7x surge linked to strong hands overcoming market sell-offs, notes CredibleCrypto's analysis of price movement.</li>  
 <li>HBAR breached major resistance at $0.36 after years in a key accumulation zone between $0.02 and $0.085.</li>  
 <li>Renewed demand and investor confidence signal potential upward momentum for HBAR, with targets at $0.084 and $0.017.</li> 
</ul>  
<p>The recent 7x price increase in Hedera Hashgraph ($HBAR) attracted the interest of analysts and investors. Popular cryptocurrency expert <a href="https://x.com/CredibleCrypto/status/1863747413208440899" target="_blank" rel="noopener noreferrer nofollow">CredibleCrypto</a> claims that the shakeout of "paper hands" was the primary cause of this sharp increase. He explained that those quick to sell during uncertain times left the market, allowing stronger hands to dominate. Consequently, the asset has surged significantly, breaking past crucial resistance levels.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CredibleCrypto/status/1863747413208440899
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-understanding-hbar-s-price-movements">Understanding HBAR’s Price Movements</h2>  
<p>The chart of HBAR against the US Dollar from 2020 to 2029 reveals major price fluctuations. The price showed sharp peaks and deep corrections, reflecting a highly volatile market. As of now, the price is hovering around <a href="https://coinmarketcap.com/currencies/hedera/" target="_blank" rel="noopener noreferrer nofollow">$0.36</a>, following an impressive surge. This surge came after HBAR spent an extended period consolidating within lower price ranges.</p>  
<p>The chart highlights the "HTF Accumulation Zone," a key range between $0.02 and $0.085. This zone served as a support level, with the price testing and rejecting lower levels multiple times between 2020 and 2023.<a href="https://cryptonewsland.com/historical-patterns-align-for-altcoins-are-we-entering-a-bullish-phase/" target="_blank" rel="noopener noreferrer nofollow"> Investors appeared to accumulate during these periods of stagnation</a>. As the market shifted, the price made a strong upward move, breaking the previous resistance around $0.36.</p>  
<h2 class="wp-block-heading" id="h-key-levels-to-watch-for-future-growth">Key Levels to Watch for Future Growth</h2>  
<p>HBAR’s price targets are marked at $0.084 and $0.017. These levels indicate potential areas of further upward movement in both the medium and long term. From 2020 to 2023, <a href="https://cryptonewsland.com/hedera-hbar-price-analysis-aug-week-2-to-3/" target="_blank" rel="noopener noreferrer nofollow">HBAR's price action was volatile</a> but showed a clear consolidation pattern. It experienced multiple corrections, testing support levels, and attempting to break resistance.</p>  
<p>In 2024, however, HBAR broke through significant resistance, marking a potential change in market dynamics. This shift could be a result of growing demand and renewed investor confidence. The analyst believes that HBAR may continue to rise as it progresses through key target levels.</p> 
<p>The post <a href="https://cryptonewsland.com/hedera-hashgraph-breaks-resistance-analyst-predicts-bright-future-for-hbar/" rel="noopener noreferrer nofollow">Hedera Hashgraph Breaks Resistance, Analyst Predicts Bright Future for $HBAR</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Hedera Hashgraph Breaks Resistance, Analyst Predicts Bright Future for $HBAR

Table of Contents

Crypto News Land

Other articles published on Dec 4, 2024

After a 90% Rise, Algorand is Unwinding-Even so, $1 Target Remains Activated for ALGO Price Rally

🗒 Daily Newsletter | Wednesday, December 04, 2024

Robot Musk (MUSKROBO) Solana Memecoin to Explode Over 14,000% Before Exchange Listing, While Shib...

Gary Gensler’s Departure and Its Impact on Crypto

ChillPnut Announces CPNUT Token Presale And Bitmart Exchange Listing

What is TON LaunchPad?TON Launchpad Project

Join our free newsletter for daily crypto updates!