You Won’t Believe What’s Happening with Hedera! đŸ˜±

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So, here we are, folks. The $0.23 support is like that one friend who always shows up when you need them. Critical, right? If it goes, we’re in trouble. Like, “Where’s my wallet?” kind of trouble.

Analyst Fresh thinks the current price is a “huge discount.” I mean, who doesn’t love a good sale? He’s projecting a rise to $0.40 in two months. That’s over 70% upside potential! But let’s not get too excited. Short-term resistance is hanging out in the $0.265-$0.27 range. Break above that, and we might just test $0.30. But if we can’t hold $0.25? Oh boy, we’re looking at a retest of $0.24. It’s like a bad relationship-just when you think it’s getting better, it drags you back down. đŸ˜©

Ascending Triangle Formation Suggests Potential Upside

According to analyst Jireon on X, Hedera Hashgraph is forming an ascending triangle pattern on the four-hour chart. Sounds fancy, right? This structure usually means bullish continuation. If it confirms, we could be eyeing that sweet $0.30 level. But let’s be real, if the next four-hour candle doesn’t show a bullish engulfing pattern, we might as well pack it up and go home. Strong buying pressure? More like strong “please don’t let me down” pressure.

Jireon also points out that $0.23 is a critical support level. If it fails, we’re looking at a potential nosedive. Current RSI readings are near oversold territory, which could mean a rebound. But honestly, who knows? The next few sessions will be like watching a suspense movie-will it break out or retest those lower support zones? Grab your popcorn! 🍿

Current Price Action and Technical Levels

The token just took a nosedive from about $0.28 to $0.25. That’s a drop of 5.8%. Ouch! It’s like watching your favorite team lose in the last minute. We’ve got consecutive red candles and strong selling volume. But wait! A cluster of green candles near $0.245 is trying to make a comeback. It’s like Rocky Balboa, but with less punching and more trading.

If buying momentum holds, traders might eye the $0.265-$0.27 range as the first resistance zone. Break above that, and we could retest $0.30. But if we can’t hold support near current levels? Back to $0.24 we go. It’s like a bad sequel nobody asked for.

Analyst Fresh Projects Longer-Term Target

Another market view comes from analyst Fresh, who calls the current valuation a “huge discount.” I mean, who doesn’t love a good deal? He’s set a two-month target of $0.40, which would be more than a 70% increase. It’s like finding money in your old coat pocket! But for this to happen, we need to hold support and build buying momentum. Short-term moves toward $0.27 would help, but let’s not get ahead of ourselves.

We’re all waiting to see if market conditions will support some upward price action. It’s like waiting for a bus that’s always late. Will it come? Who knows!

Market Performance and Trading Activity

As of now, HBAR is trading at $0.25, reflecting a 7.20% drop in the past 24 hours. The trading session started with a steep decline from above $0.27 to $0.25. It’s like a rollercoaster ride, but without the fun. This pattern shows strong early selling pressure, but hey, it stabilized near support. So, there’s that.

Market capitalization is at $10.69 billion, with $512 million in daily trading volume. People are still interested, despite the recent bearish movement. Intraday trading saw some minor recovery attempts, but sellers are still in control. A confirmed bounce could attract more buyers, but if we break below $0.25? Well, let’s just say it’s not going to be pretty.

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2025-08-15 22:28