HBAR Flash Momentum as Market Fear Peaks — Institutional Bid Returning?
As market anxiety reaches new heights, HBAR shows a sudden surge in activity. Investors are left wondering if this signals a return of big players. Intrigued readers will discover which cryptocurrencies are poised for growth, amidst the uncertainty that currently dominates the market landscape.
Hedera (HBAR) Shows Promise Amid Recent Declines
Source: tradingview
Hedera's price hovers between nine and ten cents, slowly climbing after a recent slide. In the past week, it has risen over two percent, but it's still down about fifty-five percent over the last six months. The immediate resistance is just over ten cents, and if broken, it could aim for almost eleven cents, marking nearly a ten percent increase from the current levels. With its RSI hovering around a neutral fifty-five and a low stochastic value, there's potential for upward movement. As the 10-day moving average nears the 100-day line, a bullish momentum might push Hedera higher, but it needs to stay above support levels around nine cents to maintain any upward trend.
Conclusion
HBAR has shown strong momentum amid rising market fear. There's a clear indication that institutional interest is returning. This increase could lead to further positive movement for HBAR. Investors might see continued growth as more institutions re-enter the market.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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