CandleFocus

Hedera (HBAR) Price Surges 180% in 30 Days, Yet Rally Might Be Running Out of Steam

The price of Hedera (HBAR) has seen a significant surge of 182.56% in the last 30 days. However, recent indicators suggest that its uptrend is losing momentum. The ADX, which measures trend strength, has dropped sharply, indicating a weakening trend. The Ichimoku Cloud and EMA lines also suggest potential risks, with HBAR nearing critical support levels and a possible death cross forming. If the trend continues to weaken, there is an increased risk of a reversal. Conversely, if HBAR regains its bullish momentum, it could test key resistance levels and see a potential upside of 48%.

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