HBARUSDT (Hedera) has been producing higher lows since December 2022. The most recent "bullish reversal zone" ignited the current period of six consecutive weeks of bullish action, rising prices on HBARUSDT.
This current chart pattern, a broadening wedge, leaves no room for doubt as to what comes next. Here we have a multiple years long sequence of higher highs and higher lows. The most recent higher low happened only months ago.
Now, the market can easily produce a higher high next, it is the next step in the sequence, the continuation of the chart pattern and long-term market behavior, nothing changes; the market goes up then down, from down—up.
This is how we reach a target of $0.95 for 888% profits potential from the current price. An earlier target is present at $0.61 for 535%.
In late 2024, HBAR grew more than 800% in just four weeks. Things like this happens often in the Cryptocurrency market. Sudden jumps followed by prolonged periods of inaction, and then again another sudden market move when most people least expect.
This bullish cycle has been in the making for a long time, but it still tends to come as a surprise. Whatever you see now is only the start. We are still missing the entire bullish wave. It can lasts weeks or months, but it won't be over until the entire market goes up.
Namaste.
