Hedera (HBAR) is on a tear! 📈 It's been a wild ride since the U.S. elections, with the price skyrocketing by a whopping +820% in just 5 weeks! 🤯 And the best part? This green streak seems far from over!
Why is HBAR so bullish? 🤔 Well, let's take a look at the chart. HBAR appears to be repeating its parabolic rally from January to March 2021. If this pattern holds true, we could see the price soar to a staggering $0.65 before any potential correction.
What's the next move? 🤔 Keep a close eye on the 1W MA50 (blue trend line). If HBAR manages to stay above this crucial support level, the bullish momentum could continue.
Remember, this is just an analysis, not financial advice. Disclaimer: This information is not a financial recommendation. Always do your own research before making any investment decisions.
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Let's ride this green wave together! 🌊