🚨 HEDERA (HBAR) PRICE ON THE VERGE OF 50% SPIKE, ONE KEY RESISTANCE LEFT 🤯
🔍 Technical Analysis:
Hedera's (HBAR) price is poised for a significant breakout, with a potential 50% spike on the horizon 📈. Here's a breakdown of the technical analysis:
1. 📊 _Ascending Triangle_: HBAR's price has formed an ascending triangle pattern, indicating a bullish reversal 📈.
2. 🔒 _Key Resistance_: The price is approaching a crucial resistance level at $0.083, which must be broken for the rally to continue 🚀.
3. 📊 _Relative Strength Index (RSI)_: The RSI is currently at 60, indicating a moderate bullish trend 📈.
4. 📈 _Moving Averages_: The 50-day and 200-day moving averages are trending upwards, indicating a long-term bullish outlook 📈.
🔮 Breakout Scenario:
If HBAR breaks above the key resistance level at $0.083, it could trigger a rapid price increase, potentially reaching:
1. 📈 _Short-term_: $0.12-$0.15 (40%-60% increase)
2. 📈 _Mid-term_: $0.20-$0.25 (80%-100% increase)
🔥 Conclusion:
Hedera's price is on the verge of a significant breakout, with a potential 50% spike on the horizon 🚀. A successful breakout above the key resistance level at $0.083 could trigger a rapid price increase. Keep a close eye on the price action and adjust your strategy accordingly 📊.