dogwifhat

Hedera

April

<p>The cryptocurrency market has seen significant volatility in recent days, with two notable tokens, Hedera (HBAR) and dogwifhat (WIF), experiencing substantial price movements. Today alone, HBAR has dipped by 15% and WIF by 16%. Let’s delve into the details and analyze the insights from industry experts and price action.</p>
<p><strong>HBAR’s Plunging Prices: A Temporary Setback?</strong></p>
<p>According to market data, the price of HBAR broke through the upper band of the Bollinger Bands indicator two days ago, indicating a potential overbought condition. As a result, a much-anticipated retracement is currently taking place. For the price to continue its upward trajectory, support needs to hold around the $0.11 to $0.12 range.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-1024x464.png" alt="" class="wp-image-481290" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1157.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Crypto analyst <a href="https://twitter.com/OCryptoTroll/status/1783456449605013849" target="_blank" rel="noopener noreferrer nofollow">Crypto Troll (NOT!) </a>believes that the current dip may present a buying opportunity. In a recent tweet, they stated:</p>
<p>“$HBAR bottom in? 1H showing bullish momentum shift If the 4H closes here we’re gonna get a nice bullish hammer candle or dragonfly doji! Let’s go back towards $0.20 #HBAR #Hedera #HBARbarians #BlackRock”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="463" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-1024x463.png" alt="" class="wp-image-481298" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-1024x463.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-767x347.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-1536x695.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-2048x926.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-332x150.png 332w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-774x350.png 774w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158-788x356.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1158.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The analyst suggests that if the 4-hour candlestick closes positively, it could signal a potential price surge, with HBAR potentially reaching $0.20, representing a 100% increase from current levels.</p>
<p><strong>Dogwifhat (WIF) Breaks Out, But Consolidation Looms</strong></p>
<p>Dogwifhat (WIF) recently broke out of a sideways trend it had maintained since April 12, causing a sharp price pump. However, many bulls are now waiting for a successful retest to occur today, which could pave the way for a continuation of the upward momentum. Nonetheless, the current red candle is growing longer, indicating that the price might retreat into a consolidation phase.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-1024x464.png" alt="" class="wp-image-481307" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1159.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Market observers will be closely monitoring the possibility of a daily close above $3.06, the level at which the breakout occurred, as this could provide further confidence for buyers to push the price higher.</p>
<p><strong>Bollinger Bands Insight</strong></p>
<p>The WIF price breakout from yesterday was able to breach the middle band of the Bollinger Bands indicator, which could now act as support in case of a successful retest. Bulls can then target the top of the band, which is around $4.00.</p>
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<p>The post <a href="https://captainaltcoin.com/hedera-hbar-and-dogwifhat-wif-prices-plunging-heres-why/" rel="noopener noreferrer nofollow">Hedera (HBAR) and dogwifhat (WIF) Prices Plunging – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Hedera (HBAR) and dogwifhat (WIF) Prices Plunging – Here’s Why

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