Carl Runefelt predicts a potential HBAR breakout above resistance
@TheMoonCarl: Runefelt on HBAR breakout
Cryptocurrency enthusiast Carl Runefelt has highlighted a trading pattern for Hedera Hashgraph (HBAR) within a falling wedge formation. Runefelt notes that if HBAR breaks above the current resistance level, there is a potential for the asset to surge up to $0.38. This technical analysis suggests a bullish outlook for HBAR, contingent on overcoming the current price barrier.
The trading dynamics of HBAR have caught the attention of traders and analysts, as the price action is contained within a consolidating pattern. A breakout from this pattern could attract significant market attention. Runefelt also shares information about trading platforms offering competitive fees and cashback incentives, positioning his insights within a broader trading context.
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Runefelt’s optimistic scenario for HBAR follows his previously noted caution surrounding Ethereum’s trajectory, including an assessment of a possible Ethereum downturn if key ascending support levels falter. His analysis further includes warnings about the risk of Ethereum falling to $2,200 should resistance persist, underscoring a consistent focus on identifying pivotal market thresholds across leading digital assets.
In the previous news, tweet author Carl Runefelt discussed potential trends impacting Solana.
