Hedera

<ul><li>Analyst JD predicts HBAR forming an Ascending Triangle, hinting at a potential bullish breakout amid market anticipation.</li><li>HBAR&#39;s market cap shows growth with a stable trendline, facing key resistance at around $8 billion.</li><li>HBAR ecosystem growth is driven by new dApps, with projected monthly transactions surpassing 3.5 billion, which indicates rising utility.</li></ul>Crypto analyst JD recently <a href="https://x.com/jaydee_757/status/1795575506303414719" rel="noopener noreferrer nofollow">suggested on X</a> that Hedera (HBAR) might be forming an Ascending Triangle pattern rather than a Symmetrical Triangle. Both patterns typically signal a bullish breakout. As the market anticipates a potential altseason, JD&#39;s analysis hints at a significant opportunity for investors. However, he also cautions about the risk of not securing profits, warning that 95% of traders might face losses.The overall trend for <a href="https://cryptotale.org/analyst-predicts-hbars-rise-to-1-19-based-on-btc-surge-projections/" rel="noopener noreferrer nofollow">HBAR&#39;s market cap</a> has been noteworthy. Starting below $1 billion in early 2020, it surged to around $8 billion in mid-2021 before declining and stabilizing between $1 billion and $4 billion by 2022, according to JD’s chart. A key element in this analysis is the four-year trendline, which has provided a consistent support level. This indicates a long-term upward trajectory despite volatility.<a href="https://cryptotale.org/hedera-hbar-eyes-potential-breakout-will-the-market-move-as-predicted/" rel="noopener noreferrer nofollow">Source - https://cryptotale.org/hedera-hbar-eyes-potential-breakout-will-the-market-move-as-predicted/</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Hedera (HBAR) Eyes Potential Breakout: Will The Market Move As Predicted?

CryptoTale

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