HBAR: Is This the Bottom?

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Hedera (HBAR) has, get this, *dropped* nearly 20% in the past week. 😫 But hey, at least it bounced back 5% in the last 24 hours. So, maybe there’s hope, right? Right?! 🙄 Analysts are saying there’s a chance of a reversal, which, let’s be honest, wouldn’t be the worst thing.

They’re pointing to this thing called the Average Directional Index (ADX) which, apparently, measures how strong a trend is. It’s at 27.4 now, down from yesterday. That means the downtrend is weakening, I guess? Who knows, I’m not a financial expert, I’m just a guy who’s pretty sure he lost money on this thing.

They’re also talking about this “Ichimoku Cloud” thing, which, honestly, sounds like something out of a bad sci-fi movie. Apparently, it shows that HBAR price went above the “Tenkan-Sen,” which is a short-term trend indicator.

But, and this is a big but, the price is still below the “Kijun-Sen” and inside the cloud’s resistance zone. So, it’s still a mixed bag.

They’re saying if HBAR breaks the resistance at $0.219, it could go up to $0.287. That’s a 40% increase! Sounds good to me, but I’m not holding my breath.

On the flip side, if it doesn’t reverse, it could drop to $0.179 or even lower. Which, let’s be honest, would probably make me want to scream into the void.

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2025-03-13 00:46