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Hedera Sees Bullish Price Chart Signals, Analyst Sets $0.962 as Pump Target for HBAR Price
In a recent development, it has been observed that Hedera’s price chart is flashing bullish signals, suggesting a massive surge in the near future. According to an analyst, this upward momentum could potentially push the cryptocurrency’s value up to a whopping $0.962.
Hedera (HBAR) has already exhibited textbook patterns that suggest a continuation of its already impressive run. With the breakout target currently sitting at approximately $0.504, it is not hard to see how this momentum could easily continue, resulting in an additional 75% pump.
If we consider this 75% pump, combined with the current upward trajectory, we are looking at a potential 90% increase in HBAR’s value. This would bring the cryptocurrency’s price up to around $0.96, as forecasted by the analyst.
The market is currently abuzz with bullish sentiment, fueled by the rapid growth of several other altcoins. This surge in positivity has seen neutral sentiment shift from a score of 50 to an impressive 69, indicating a significant rise in greed sentiment.
Historically speaking, it can be observed that altseason typically peaks during the first quarter of each bull cycle, following a Bitcoin halving event. As we have entered this period, expectations for altcoins to reach new all-time highs are growing by the day.
To add fuel to this fire, several altcoins are already displaying extremely bullish signals on their respective price charts, further supporting this notion.
Source: cryptonewsland.com
