HBAR- consolidation is almost finishHedera hashgraph is in consolidation now for 305 days, since march 2021.
The first consolidation range took more or less 322 days before blasting off to new levels. For all the year 2020 hedera staied in a range between 0,025$ and 0,060$. After breaking out it reached its peak of .45$ in 77 days. It was up a modest 1400% in just two months of crazy PA. This lead to the 2th consolidation period, which hedera is still in.
Surprisingly hbar is still in the same range but up a 10x more:
-1st consolidation; 0,025$-0,060$
-2th consolidation; 0,15$-0,60$
So what can we expect from a new bullrun?
Let's try figure it out.
We can see that from the bottom of january 2020 the price went up and touched an 800% increase at its peak, leading it in the first consolidation range.
From the bottom of january 2021 hbar increased then 1600%. This took us in the range we currently are.
If we want to keep it simple we can say the next time hbar will make a parabolic rally it will probably increase the double of the previous peak. For example:
-1st peak:800%
-2th peak: 1600%
-3th hypothetical peak 3200%
That would take the price to around 4/5$ each token.
We can also notice the increase rate can be 8x more each time:
-1st peak:800%
-2th peak:1600%
-3th hypothetical peak:2400%
That said this not my favourite theory cause it doesent keep the fact that bigger caps will increase less with time. Anyway there's potential in this token so its possible (it's also a very young token).
Fibonacci is another way to predict future peaks and the targets could be:
-0,95$
-1,50$
-2$
That said i dont think hbar will stop at 2$ but when it will reach this target i will be more cautios.
Follow me on twitter!
Here for you, as always, CryptoSoap!
