Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52
Hedera (HBAR) stood out in the current market cycle, showing toughness and strength in the case of uncertainty and volatility. After reaching the high height of many years last Friday, HBAR has experienced sharp correction and dropped by more than 22 %. Despite this kind of callback, the price action shows that hedra is preparing for the next major measure, which makes investors optimistic about its bullish potential.
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The famous analyst Carl Ununefelt shared detailed technical analysis on X to clarify the current position of HBAR. According to RuneFelt, Hedera has successfully tested the key demand level after recently declined, indicating that cryptocurrencies are preparing for major upward movements. Successful support re -test is regarded as a bullish signal, especially in a market where the volatility is increased.
As Hedra continues to consolidate its position among market leaders, its ability to maintain a key level and strength rebound proves its growing adoption and investor confidence. Due to market conditions, it is still uncertainHBAR’s performance in the next few days will be crucial to determine whether it can maintain its bullish momentum and lead in the ALTCoin market. Everyone watched Hedera because it prepared for another explosive assembly.
Hedra is prepared for breakthroughs
Hedra has been volatile cryptocurrency markets, with excellent toughness and positioning himself as a powerful competitor to lead the leader. As a wider market enters the bullish stage, HBAR’s price action reflect its potential, and has been in the side integration since the beginning of December. This extended accumulation phase shows that hedra may be started for breakthroughs.
Market analysts are becoming more and more optimistic about HBAR. Many people point out that their strong basic principles and more and more adoption are the reason for their bullish prospects. It is worth noting that Carl Lunnov recently Share technical analysis on XHighlight the key development in the HBAR price action. According to the girl, HBAR successfully re -tested a key demand area for previous resistance. This successful re -test is a signal of bullish, indicating that the price lays a solid foundation for its next movement.
RuneFelt further emphasized that if HBAR continues to maintain this critical level, the next reasonable step will be a new high point. He set his ambitious price to $ 4.20, and he believes that once HBAR exceeds the peak of the price of Friday, it can be achieved.
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As the market sentiment becomes positive and Hedera’s technology is strong, it may be critical for HBAR in the next few weeks. Breakthroughs that exceed its current merger may ejected to a new field, which reiterates its position as a market leader. As Hedera continues to prove that it has performed well in the continuous development of the encrypted landscape, investors are paying close attention to the signs of this expected assembly.
HBAR price action: maintain a critical level
Since the high point last Friday, Hedera’s transaction price has declined sharply, and the current transaction price is $ 0.33. Despite the callback, the price is still within the critical range, the bull must decisively take action to restore the motivation and re -establish the prospect of the bullish. Keeping holding at the support level of $ 0.315 is essential for preventing further shortcomings and maintaining a stable recovery foundation.
The direct goal of the Bull is to increase the price of the price to $ 0.35, which is an obstacle at the recent meeting. Successful recycling this level will show investors’ strength and stimulation. Breaking $ 0.35 may lay the foundation for a wider range of rally, the next key milestone is $ 0.40.
Actions of more than $ 0.40 will enhance confidence in HBAR’s bullish potential, which may attract new purchase interests and consolidate its position in the current market recycling. However, not more than $ 0.315 may lead to further mergers or even more deep corrections, thereby challenging the positive emotions around HBAR.
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As the market wait for the next step of HBAR, investors are closely monitoring their ability to maintain a key level and break through resistance. In the next few days, it is important to determine whether HBAR can restore its upward trajectory.
Featured images from Dall-E, chart of tradingView
