according to materials from the site - CryptoFrontNews
Hedera (HBAR) demonstrates significant growth after emerging from a prolonged accumulation period. The price dynamics indicate the potential for further growth, provided that key support levels are maintained. Recent data and technical models suggest renewed investor interest in HBAR.
The long-term weekly chart of Hedera shows a clear recovery pattern after a strong downtrend from the peaks of 2021. The market demonstrated a decline of about -92.23%, forming a broad accumulation zone lasting about 686 days.
This prolonged consolidation phase indicates a potential structural shift in the market. After this accumulation, HBAR broke the line and established higher highs and lows.
These movements indicate a transition from prolonged bearish activity to bullish. A price correction in the range of $0.10–$0.12 may provide strong support for the continuation of the upward movement.
In a post on X, analyst JAVONMARKS notes a potential rise to $0.504, which represents an increase of more than 150% from current levels. Technical forecasts on the chart indicate target zones around $0.604 and $0.842.
He also suggests that a breakthrough of this target could lead to consideration of $0.962, reflecting a possible prolonged bullish momentum.
On the hourly chart HBAR/USDT, the market has recently shifted momentum to bullish. Price dynamics show higher highs and higher lows, indicating a healthy correction within the upward trend.
Holding the price above $0.180 may allow HBAR to continue its upward momentum. Conversely, a breakthrough of the support level could open paths to areas with low demand. These short-term sentiments reflect cautious optimism among market participants.
ETF Canary Capital Group LLX Canary HBAR (HBR) reflects growing investor confidence, closing at $26.54 on November 10. The fund grew by 10.15% over the week and demonstrated a strong breakthrough above $25.00, peaking near $27.50.
Volume activity indicates the participation of institutional investors in the recent rise. Transaction data for Hedera is now available in Google Cloud BigQuery, providing developers and researchers with convenient access to historical data.
This integration also allows users to compare activity with Bitcoin, Ethereum, and Polygon for broader analysis. A sustained close above $26.50 may indicate a potential continuation of growth for HBAR-related assets, driven by both technical and institutional factors.
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