Hedera’s Hilarious Highs: Will HBAR Dance to $0.284? 💃

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  • Ah! The CMF, that fickle friend, doth rise above +0.05, heralding a flood of capital! 💰
  • With buying pressure akin to a relentless suitor, a rally may soon grace our presence! 🎉

Hedera [HBAR], that noble token, hath retested the $0.176 support, as foretold in the prophecies of February, albeit with a delay that would make even a tortoise blush!

Lo and behold! The Bitcoin [BTC] hath dipped below the $92k support, casting a shadow upon the altcoins. Yet, some brave souls, like HBAR, have begun to rise from the ashes of despair! 🦸‍♂️

Hedera, the Bold, Aims for the Stars at $0.284!

With a triumphant break above the recent lower high at $0.23 (the blue beacon of hope), we witness a bullish market structure break! This valiant act follows the defense of the sacred 61.8% Fibonacci retracement level at $0.175. 🛡️

Once upon a time, the CMF plummeted to -0.24 on the 24th of February. But lo! In a twist worthy of a grand play, it hath reversed its course, now standing at +0.09, transforming from a gloomy specter to a harbinger of bullish capital flows!

Yet, the Awesome Oscillator, that mischievous rascal, remains below the zero line, reminding us that bearish momentum still lurks in the shadows. 👻

The $0.255-$0.265 region, once a bastion of support in December, hath crumbled in January. As our brave Hedera bulls ascend, they shall encounter fierce resistance from the sellers, who are as stubborn as a mule! 🐴

Thus, despite the bullish structure break, a swift leap to $0.35 may be but a dream. Instead, we may revisit the fair value gap from $0.216-$0.242 before embarking on another ascent!

Ah, the Santiment data reveals that Social Volume hath been on a downward spiral, much like a tragic hero. But fear not! Recent gains have turned the tide! 🌊

With Social Volume on the rise and the Weighted Sentiment basking in positivity once more, we may yet see brighter days ahead!

The 1-month liquidation heatmap doth show that the liquidity pocket at $0.25 hath been swept clean! The price may linger around the $0.24 region, gathering strength before the next grand hunt! 🎯

As the curtain falls, our next targets for glory are $0.267, $0.284, and $0.326!

To the south, the $0.224 and $0.24 levels are also brimming with liquidation levels. In a few days, a dip to these levels may present a golden opportunity for our swing traders! ⚖️

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2025-03-03 08:10