Is HBAR preparing for 40% growth? The main conclusions


Current dynamics: Since November, the Hedera #HBAR price has increased by 660%. After the correction in December, the $HBAR held the 20-day EMA, rising by 33% in three days.


Patterns and forecasts:

There was a breakout from the bullish flag on the 4H chart, indicating the possibility of growth by 40-50%.

Breaking through the "falling wedge" on the daily chart confirms the bullish trend if the price remains above key support levels.


Risks: If the HBAR falls below the 20-day EMA, it may cause profit-taking and a bearish trend.


Indicators:

The MACD remains in the positive zone, supporting optimism.

The histograms show a green signal, indicating a growth potential.


Output: HBAR has a chance to continue the upward trend, with the possibility of reaching a new ATH by 2025. It is important for investors to monitor the price movement for a timely reaction.


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December 26, 2024 at 4:22 AM
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