• Hedera Hashgraph (HBAR) has shown an impressive 11.87% increase in the past week, outperforming the overall global crypto market significantly.
• Despite a daily drop of 5.43%, HBAR has performed exceptionally well over the week, surpassing other Layer 1 blockchain technologies.
• Based on technical analysis, it is anticipated that HBAR could reach up to $3, considering Fibonacci levels and past market behavior.

An evaluation of Hedera's price movement provides valuable insights. Recent analysis by Egrag Crypto, a respected analyst on the X platform, has pinpointed potential profit-taking levels that may indicate the future trend of Hedera's performance. According to Egrag Crypto's projections, significant levels to monitor include the previous all-time high (ATH) at $0.63, with additional targets ranging from $1-$1.3, and a promising long-term outlook between $2-$3.

These targets are in line with Fibonacci extension levels, which signal where traders might want to consider taking profits due to potential price resistance. The analysis specifically outlined future targets based on Fibonacci ratios. These levels play a key role in helping traders identify possible resistance or support levels, assisting them in determining strategic entry and exit points in the market.

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