Hedera

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 <p>A widely followed cryptocurrency analyst and trader believes one type of crypto asset is about to implode.</p>
 <p>The analyst pseudonymously known as Credible Crypto tells his 391,500 followers on the social media platform X that memecoins could suddenly collapse in value.</p>
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 <p><em>“Still a lot of salt in this space despite us being at new all-time high for BTC. Mainly because memes are the ‘only’ alts that have been pumping the last few months. Hearing lots of ‘this cycle is clearly different, it’s a meme supercycle’ etc. and ‘fundamentals don’t matter.’ Lots of people have lost hope on their non-meme alt holdings and the meme reply guys couldn’t be louder. </em></p>
 <p><em>Three things: </em></p>
 <p><em>1. We’re going so much higher with this market as a whole. </em></p>
 <p><em>2. There’s a meme reckoning coming. </em></p>
 <p><em>3. Other alts will get their turn, in time.” </em></p>
 <p>Next up, the analyst says Bitcoin (BTC) could retest the lower $60,000 range before breaking through the upper trendline resistance.</p>
 <p><em>“And there is our drop. Would like to see us go a bit lower here though before the reversal so ideally we aren’t done just yet. Watching to see how things develop.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GL8lf82WkAA1NE8?format=jpg&amp;name=4096x4096" alt="Image" width="4096" height="2047">
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   Source: Credible Crypto/X
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 <p>Bitcoin is trading for $64,496 at time of writing, up slightly in the last 24 hours.</p>
 <p>Lastly, the analyst says Ethereum (ETH) competitor Hedera (HBAR) could increase more than 90% from the current value.</p>
 <p><em>“Looking for something like this after completing a nice five wave impulse off the lows. Note the first step is a break in lower timeframe market structure to kick things into gear. After that if we can print a higher low we should be able to run it back to the highs.”</em></p>
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    <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GL66aj_WwAAfXi1?format=jpg&amp;name=medium" alt="Image" width="1200" height="603">
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      Source: Credible Crypto/X
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 <p>Hedera is trading for $0.11 at time of writing, down more than 2% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-warns-one-crypto-asset-category-about-to-face-a-reckoning-maps-path-forward-for-bitcoin-and-hedera-tbt86688.html">https://thebittimes.com/analyst-warns-one-crypto-asset-category-about-to-face-a-reckoning-maps-path-forward-for-bitcoin-and-hedera-tbt86688.html</a></p>

Analyst Warns One Crypto Asset Category About To Face a Reckoning, Maps Path Forward for Bitcoin and Hedera

TheBitTimes

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