CandleFocus

Signals not good for the crypto of Hedera (HBAR)

Author: Content Editor
HBAR, the cryptocurrency of the Hedera project, had a strong entry into the crypto markets in 2019 and experienced its greatest splendor during the bull run of 2021. However, its price has been showing signs of decline recently. After reaching an all-time high above $0.57 in mid-September 2021, the price started to plummet during the bear market that began in December 2021. The collapse of the Terra/Luna crypto ecosystem in May 2022 further decreased the price of HBAR, bringing it below $0.04 in January 2023. A revival in late 2023 led to a temporary rebound, but the price eventually dropped back to below $0.05. With the electoral victory of Donald Trump, a new mini-bubble inflated the price of HBAR, but it remains uncertain whether this bubble will continue or if the price will continue to deflate. The performance of HBAR is speculative and highly influenced by market trends, making its future uncertain. Overall, caution is advised as the crypto market may enter a bear market following the previous bull runs.

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