A naukri.com initiative
TronWeekly
3w
368
Image Credit: TronWeekly
HBAR Drops 11%, But Analysts Predict Major Rebound. Here’s Why
- Hedera's native token HBAR has experienced a recent drop of 11.31% over the past week, currently trading at $0.1374.
- Analysts predict a potential bullish reversal pattern as the price stabilizes around $0.1449, with a target of $0.181 if it surpasses $0.151.
- Technical indicators like MACD and RSI support a positive momentum shift, with increasing buying activity.
- The moving average crossover signals a potential trend shift, indicating a bullish sentiment.
- Rising volume bars during breakout attempts suggest growing momentum traders' participation.
- Long-term forecasts for HBAR show optimistic projections, with predictions of reaching above $0.30 by 2025 and a possible ROI of 36.2%.
- Despite short-term struggles, expectations for a bullish breakout in late June are supported by technical analysis.
- Investor caution is advised, but the groundwork appears to be set for a potential price rebound.
- Overall, analysts are optimistic about HBAR's future growth potential despite recent fluctuations.
- HBAR trading between $0.1780 and $0.2052 is expected, with an average near $0.1840.
- Technical thresholds need to be surpassed for short-term gains, with the possibility of a price increase towards $0.181.
Read Full Article
22 Likes
For uninterrupted reading, download the app