The recent surge in Hedera’s value caught many by surprise as it soared. With the bull run of 2024 now in full swing, a leading analyst has pointed to signs that another significant rise is on the horizon. Cryptocurrency enthusiasts are keen to know if another opportunity is presenting itself and how to potentially capitalize on this predicted growth. The buzz around this second spike is growing, as is the anticipation among investors for what could be on the way.
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Hedera (HBAR) Price Overview: Recent Movements and Forecast
Hedera’s price has moved quite a bit. In a week, it rose 45.18%. But over a month, it fell slightly by 3.79%. Looking back six months, it’s up 122.15%. Right now, its price is between $0.079 and $0.095. The closest point where it might meet selling pressure is around $0.10. On the flip side, it might find buyers stepping in if it dips to $0.07. The price action is showing a mix, with recent strong gains not fitting a clear impulsive or corrective pattern.
Predicting HBAR’s future isn’t straightforward. Yes, it’s gained a lot these past six months, which could make some feel upbeat. But, there are signs that its rise might pause. It’s not far under its simple moving averages of $0.11, yet technical signals like the RSI and Stochastic suggest it’s not currently overbought or oversold. The MACD is also pretty flat, hinting at no clear direction. It could climb toward $0.10 again, or it may need to test the $0.07 support before any new moves. It has further resistance at $0.12 and support at $0.05 beyond that.
Ondorioa
The recent rise in HBAR’s value has caught attention, but looking ahead, the prospects of a massive second spike seem attractive. In comparison, other cryptocurrencies show less short-term growth potential. With the bull run already commenced, attention is shifting to BlastUP. This project stands out due to its innovative concept and its integration with the wider Blast ecosystem. Analysts predict that BlastUP holds the highest potential for growth, making it a project worth noting for those interested in significant market movements.
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Source: https://cryptodaily.co.uk/2024/04/missed-hedera-hbar-rise-top-analyst-predicts-massive-second-spike