Fintechs.fi

Fintech & Crypto News

Credible Crypto Projects That Hedera (HBAR) Is Ready To Move Up

According to a leading crypto market analyst and trader known as Credible Crypto, Hedera Hashgraph (HBAR) looks bullish.

Credible Crypto shared with his 309.8K followers on Twitter followers that he remains bullish on Hedera (HBAR), and pointed out that the weekly demand for HBAR sequences in three ‘drives.’

“History doesn’t repeat, but it often rhymes…”

To further clarify, the analyst explained that he expects demand to overtake supply and lead to price hike for Hedera.

“Multiple sweeps of key HTF (high time frame) swing lows into the same region indicate buyers are stepping in to buy the dip in that region and when demand exceeds supply during a correction we get a reversal.”

To a comment about HBAR’s “stagnant” price, Credible Crypto replied:

“Consolidation precedes expansion. Doesn’t matter what they do, once we break out speculators will come and take care of the rest.”

At the time of writing, HBAR is trading at $0.24, down 9% on the daily frame, along with the rest of the crypto market.

Leave a Reply

Your email address will not be published. Required fields are marked *