CandleFocus HBAR Bull Flag Formation Looks to Erase Losses, Get Bullish Momentum Back on Track
2024-12-26
Author: Content Editor
The article discusses the potential for the price of the cryptocurrency Hedera (HBAR) to recover from a recent 10% pullback. The analysis focuses on a bull flag formation in the price chart, which suggests a potential rally towards $0.40. Other factors such as positive funding rates and a positive reading on the Moving Average Convergence Divergence (MACD) also indicate a short-term upward movement in the price. However, if the bull flag pattern is invalidated, there is a possibility of a price slide to $0.17.
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