If you're looking at the Hedera (HBAR) chart and feel your heart racing, relax, because we're going to break down this movement as if we were sitting in the living room at home. ☕️
The reality is that HBAR is currently in a titanic battle between what the chart says and what is happening in the offices of the big investors. If you look at the image shared by analyst EGRAG CRYPTO, there is something very clear: we are in a "Double Bottom" zone, a pattern that in the trading world usually signals that good things are on the way. But be careful, it's not just a matter of blowing and making bottles.
Hedera is not just any run-of-the-mill coin; it is the absolute leader in the development of Real World Assets (RWA). 🏢 Imagine tokenizing everything from carbon credits to entire buildings. Giants like Google and IBM are already sitting on its board, giving it a backing that very few projects have. However, the market is temperamental. Even though there is already a Canary HBAR ETF moving about 89 million dollars and Grayscale is lining up to launch its own, the price is there, dangerously flirting with $0.10.
If we analyze the chart closely, we see that HBAR is trying to break a trend that has lasted for years. Those green lines pointing upwards are not just drawings; they represent projections based on previous cycles (2021 and 2023). If the support at $0.10 withstands the hits from this fear-filled market, the technical target makes us dream of levels of $0.35 and, in a more aggressive scenario, even aiming for $1.23 or more. But, beware! If the support fails, we could scrape down to $0.085 before regaining momentum. 📉
The million-dollar question is: will the money coming in from ETFs and the adoption by large companies have enough strength to overcome the fear that exists in the market right now and turn those $0.10 into the ultimate trampoline?$HBAR
