A well-known analyst is arguing for an enterprise-grade altcoin that focuses on security and regulatory compliance while keeping an eye on the main cryptocurrency Bitcoin (BTC).
With a chart showcasing the weekly demand for HBAR in sequences of three ‘drives’ dating back to March of last year, pseudonymous trader Credible Crypto informs his 309,500 Twitter followers that he’s bullish on Hedera (HBAR). When prodded for more information by a follower, Credible clarifies that he anticipates demand to outstrip supply, causing Hedera’s price to rise.
“When demand outweighs supply during a correction, several sweeps of major HTF [high time frame] swing lows into the same zone signify buyers are moving in to buy the dip in that region, and we have a reversal. Prior to growth, there is consolidation. Whatever they do, speculators will come in and take care of the remainder once we break out.”
Hedera is now ranked #35 in terms of market capitalization. It’s trading for $0.26 at the time of writing, up less than a percent on the day.
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