CandleFocus HBAR Price Triggered A Pullback: Can It Gain 40%? Analysts Weigh In
2024-12-26
Author: Content Editor
Hedera (HBAR) has experienced a strong bullish rally, increasing by 660% since November. After a correction phase in December, the price has rebounded and surged by 33% in three days. Analysts expect a new all-time high in 2025 and believe the cryptocurrency has the potential to gain 40-50%. The recent breakout from a bullish flag pattern on a 4-hour time frame is seen as a positive sign, but sustained position above support levels is crucial. If the breakout fails and the price falls below the 20-day EMA, bearish sentiment may emerge. Technical indicators suggest a bullish forecast overall, but caution is advised in the volatile cryptocurrency market.
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