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Price Analysis of Hedera ($HBAR): Potential Movement Scenarios

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by Giorgi Kostiuk

11 hours ago

Exploring the current situation in the cryptocurrency market highlights intriguing aspects of Hedera ($HBAR) analysis, focusing on patterns and price levels.

Current Price Levels for $HBAR

$HBAR is currently trading at $0.2615 with support at $0.205. Analysts emphasize the importance of watching price movements amid uncertainty.

Comparison with Ethereum

The microstructure of $HBAR is compared to Ethereum's chart, suggesting a potential completion of wave (c) near the support level of $0.205. The emergence of a triangle pattern indicates possible consolidation or breakout.

Impact of Global Factors on Cryptocurrency

Global trade uncertainties from the U.S.-EU tariff deal may increase cryptocurrency volatility, prompting investors towards hedging assets.

The current situation surrounding $HBAR underscores the importance of monitoring market trends and global factors that can significantly influence its dynamics in the coming days.

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