The cryptocurrency market has been showing strong growth over the past 24 hours, especially with Bitcoin and Ethereum leading the charge.
Bitcoin and Ethereum Surge
Bitcoin is currently trading above $109K, while Ethereum has seen a 7% increase, reaching $2,662. This has created a wave of positive sentiment across the altcoin market.
Positive Signals for Hedera (HBAR)
Hedera (HBAR) has also shown a 5% increase, trading at around $0.1756. Technical analysis suggests that this growth may just be the beginning of a larger move.
Prospects for HBAR
On the 4-hour chart, HBAR recently broke out of a falling wedge, a bullish signal that indicates a potential shift to an uptrend. There are also signs of a bearish harmonic pattern emerging, but these could lead to short-term bullish movements. If the positive trend continues, HBAR could rise another 12-18%.
The cryptocurrency market continues to show positive trends, and specifically, Hedera (HBAR) has the potential for further growth according to technical analysis.
