Hedera HBAR price need to do one more up moveIn November 2024, the price of CRYPTOCAP:HBAR showed a phenomenal x4 growth.
For complete happiness, all that is needed is for OKX:HBARUSDT to update the highs of $0.17 and $0.18 to break the shorts' stops and squeeze up to $0.20
and after that, #Hedera may start a fairly deep price correction to $0.07
Or maybe not) What do you think?)
Hbar
Short-term falling wedge on HBAR/USDShort-term falling wedge on HBAR USD.
There is a more obvious bullish convergence pattern on smaller timeframes but trading view is rubbish and won't let me publish short-term charts to demonstrate this.
However, if that finer-res convergence pattern persists, I expect it to migrate onto bigger timeframes soon.
I'd look for a serious break of the trendlines to invalidate this.
This should resolve within a few hours.
HBARUSD: Turned parabolic but you can still catch a buy.Hedera turned overbought on its 1D technical outlook (RSI = 73.246, MACD = 0.018, ADX = 60.152) as it is rising non-stop since the November 5th bottom and is about to reach the April 23rd High. The 1W RSI is almost overbought as well and when that happened on the previous Cycle as HBAR was coming off a Falling Wedge, the price turned parabolic on a +1,538% rise, reaching the 2.618 Fibonacci extension.
Now that Fib is significantly higher but may still hit it in 2025 but on a more immediate horizon, we can target the full extent of the +1,538% rise (TP = 0.68000). The 1D MA50 is expected to support until then, following the expected formation of the 1D Golden Cross.
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3 Crypto OGs to watch this month...Since you enjoyed my previous post about 3 altcoins to watch this weekend...
Here's an interesting one about OGs:
BINANCE:LINKUSDT
LINK broke the structure and $15 round number. As it retests the structure, I will be looking for trend-following longs and target the $20 round number.
BINANCE:DOTUSDT
DOT broke the structure and $5 round number. As it retests the structure, I will be looking for trend-following longs and target the $10 round number.
BINANCE:HBARUSDT
HBAR broke the structure and $0.05 round number. As it retests the structure, I will be looking for trend-following longs and target the $0.15 round number.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
HBAR Surge 53% Amid Speculation Over Brian Brooks Leading US SECHedera’s native token, CRYPTOCAP:HBAR , has captured the spotlight with a remarkable 53% price surge in just 24 hours, fueled by speculation that Brian Brooks, Hedera Board Member and former Binance US CEO, could become the next US SEC Chair. This development, coupled with Hedera's technological advancements and strategic collaborations, has sparked optimism among investors. Here’s a detailed breakdown of the factors driving CRYPTOCAP:HBAR ’s meteoric rise and what lies ahead.
Brian Brooks’ SEC Nomination Fuels Optimism
Brian Brooks’ nomination for the US SEC Chair position has electrified the Hedera community. Known for his progressive stance on cryptocurrencies, Brooks is seen as a favorable candidate for the crypto sector, a stark contrast to the current Chair, Gary Gensler, often criticized for his stringent approach.
This nomination has generated significant excitement among CRYPTOCAP:HBAR holders. Notably, on the prediction platform Khashi, Brooks’ odds have risen sharply, securing him the second spot in the SEC Chair race with 12% of votes. His potential leadership at the SEC could create a pro-crypto regulatory environment, further solidifying Hedera’s position as a leading blockchain network.
Hedera’s Role in WISeSat.Space and Other Collaborations
Beyond the political buzz, Hedera’s strategic initiatives have added fuel to its rally. The blockchain network is playing a critical role in the upcoming WISeSat.Space satellite launch, scheduled for January 2025. This groundbreaking collaboration with SpaceX will enable the first-ever exchange from space, integrating secure satellite communication with blockchain technology.
Additionally, partnerships with major entities such as the Nairobi Securities Exchange are boosting Hedera’s adoption in real-world applications, contributing to the token's rising demand. These efforts are positioning CRYPTOCAP:HBAR as a major player in blockchain innovation, earning it comparisons to Solana, often dubbed the "Ethereum Killer."
Technical Analysis
Technically, CRYPTOCAP:HBAR has broken out of a symmetrical triangle pattern on the weekly chart, signaling a bullish trend reversal. At the time of writing, the token is trading at $0.1362, with a significant 244% increase in trading volume to $2.06 billion.
While the Relative Strength Index (RSI) is currently at 89.66, indicating overbought conditions, the strong buying pressure suggests the rally could continue in the near term. Analysts expect CRYPTOCAP:HBAR to test its next resistance at $0.1562, a crucial level that could pave the way for a long-term price target of $1, as forecasted by prominent crypto analyst Captain Faibik.
Market Sentiment and Future Expectations
The combination of bullish news and technical patterns has positioned CRYPTOCAP:HBAR for sustained growth. Investors are betting on Brian Brooks’ potential as SEC Chair to foster a friendlier regulatory landscape for cryptocurrencies, which could benefit Hedera and other blockchain projects.
Furthermore, Hedera’s consistent collaborations and its role in innovative projects like WISeSat.Space are building strong fundamentals that enhance the token's appeal. The broader crypto market rally is also creating a favorable environment for CRYPTOCAP:HBAR to thrive.
Conclusion
HBAR’s impressive price surge reflects a blend of political optimism and strong fundamentals. As speculation around Brian Brooks’ nomination gains traction and Hedera continues to secure high-profile partnerships, CRYPTOCAP:HBAR appears poised for further growth.
While overbought technical indicators suggest the possibility of short-term corrections, the long-term outlook remains highly optimistic, with analysts projecting a potential rally to $1. Hedera’s role in blockchain innovation and its growing adoption make it a token to watch in the coming months.
#HBAR/USDT#HBAR
The price is moving in a descending channel on the 12-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of
0.04200
Entry price 0.05100
First target 0.05538
Second target 0.06071
Third target 0.06786
HBAR: $0.051 | an Enterprise Solution ahead of its Timefinding value in this brave new world is a matter of a conviction experience and discipline
this project is for keeps.. secure capital and leave the rest to maybe $100bn to $1trilioin cap
when it becomes the facility to digitize Fortune 500 hard assets
it covers the usual payments nfts defi etc..
what sets this apart is the team and project updates which is BORING for most
yet golden for serious investors
the IDNTITY project may just be a goldmine
however it needs to peddle a flagship project to win new investors
under rated forgotten yet a sleeping giant that can dazzle at TOP 10 by next cycle
Alikze »» HBAR | Wave 3 or C bullish scenario - 1D🔍 Technical analysis: Wave 3 or C bullish scenario - 1D
BINANCE:ADAUSDT BINANCE:SOLUSDT
BINANCE:HBARUSDT It is moving in a downward channel in the daily time frame.
- The previous wave has completed a full upward cycle, after which a corrective combined cycle has extended up to the 38 Fibo range.
- Currently, according to the movement structure, the first wave cycle has been completed and after that the second correction cycle has been completed in the range of 38 Fibo and it is currently in the microwaves of the rising wave 3.
💎 This motion cycle can occur after hitting the supply zone and a temporary correction leading to its failure to reach the ceiling of the previous module.
💎 Therefore, this movement cycle can grow more than 600%.
💹 Support zone: 0.06292 - 0.06965
🏹 Goals:0.33 - 0.56
⚠️ In addition, if a correction occurs, the range of this validation level should not be touched, if the range of the bullish scenario is touched, it will be invalidated. And it should be checked and updated again. ⚠️
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HBAR thought BTC pair and Wyckoff AccumulationI’m not a big fan of such format of analysis, but I was reading about Wyckoff and found something interesting!
This is BINANCE:HBARBTC 1-day log chart.
Based on Wyckoff logic, we potentially see the strategy behind Hedera’s market making. Remember, Bitcoin is the key resource in crypto. Every project that wants to survive should think about how to gain more BTC. That’s why BINANCE:DOGEUSDT or BINANCE:SHIBUSDT are still around—not just because of funny memes. That’s why we have strict cycles in crypto. Everyone plays by the rules, just as in fiat markets where everyone plays by the DXY (US Dollar) rules.
So, I think HBAR management is accumulating a lot of BTC. I hope this is the correct understanding of the situation with HBAR, and soon we will see the next phase of a really powerful HBAR!
Hedera (HBAR)Hedera chart is tempting and promising too. An inverted wedge pattern, a big one, is formed which means HBAR's future upward waves can be huge; and currently price is at the bottom. Also, a big harmonic pattern ended too. More importantly, it seems a double triangle pattern has formed, which gives the possibility of a strong upward wave. Let's see what happens.
#HBAR (SPOT) entry range(0.0470 - 0.0520) T.(0.0970) SL (0.0453)entry range (0.0470 - 0.0520)
Target (0.0970)
SL .4H close below (0.0453)
************************************
#HBAR
#HBARUSDT
#HBARUSD
BINANCE:HBARUSDT
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**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #HBAR ****
#bitcoin
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#BTCUSDT
HBAR: New Cycle Low?Since HBAR has managed to hold above the low of the orange wave ii and the support at $0.035, we maintain our primary assumption. However, we now need clear bullish signals to confirm this stance. The orange wave iii should eventually reach above the resistance at $0.098. If the price slips below the support at $0.035 (37% probability), we will have to anticipate a deeper low of the magenta wave alt.(2) first. In this alternative scenario, we will then introduce a Target Zone for long entries, which we are currently withholding due to the prevailing downtrend pressure.
HBAR Channel Bounce Again ?Based on the updated chart for Hedera Hashgraph (HBAR), the token is currently touching a strong horizontal support level around $0.0491, following repeated touches on this line over the past few months. The formation suggests that HBAR may be poised for a potential reversal toward the upper boundary of the ascending channel, aligning with the projected resistance around the $0.0669 mark. This resistance line is confirmed by previous price peaks and the upward trend of the channel, which has guided HBAR’s movement. The recent decline along the dotted resistance line within the channel has reinforced downward pressure; however, the touch at the bottom support zone suggests that HBAR could see a bounce soon. If this support holds, an upward move targeting $0.0669 is feasible, provided there is sufficient bullish volume to support the breakout.