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Hedera crypto has pumped over 9% despite the bearish sentiment in the blockchain markets bringing the price back above $0.062.
Inspecting the price charts up close, we can also see a potential bearish reversal pattern known as a rising wedge forming.
Will HBAR continue to pump or will a bearish reversal take place?
Hedera (HBAR) Crypto Price Prediction
Over the last few weeks the price action of Hedera has been rather volatile, seeing lows of $0.055 and highs of up to $0.084.
From a technical analysis perspective HBAR crypto is still in a major downtrend, but recent price action shows that HBAR could be setting up to do something quite bullish if price structure is not lost.
Hedera is currently forming a bearish reversal pattern on the smaller time frames however, so we could see a short-term pull back in price before potentially retesting...
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