The Hedera Hashgraph price grabbed the attention of the crypto space by swinging more than 50% in just a matter of 24 hours. However, the rally remained short-lived as a massive dump was expected to follow declining the price nearly 40%.
Yet, the HBAR price is expected to hit $0.2 in coming days as predicted by an analyst, ForecastCity_ME. He has also told that the price may experience a dump towards the levels around $0.0775 but it would be a temporary retracement.
According to the chart posted by the analyst, the HBAR price is above the 21-day EMA which is acting as strong support. Despite the RSI levels having dropped due to the price plunge, the slight recovery in the levels have been recorded, manifesting a bullish trend.
The analyst has also set the targets for the asset to hit accordingly, $0.11 being the first. Later the next target is at $0.125, third target at $0,1374, fourth target at $0.1661 and the fifth target at $0.2118.
The analyst has also mentioned the support levels at $0.0647, later at $0.05, $0.035 and finally at $0.0227.
The Graph Token Price May Form New ATH Soon
The GRT token which rallied hard since its inception was expected to hit $1 but a drastic plunge drained out all the profits by declining the price close to $0.3. Later a series of plunge continued despite some surges.
However, the GRT price is expected to rally hard following a bullish trend as predicted by an analyst, M u Q.
As per the analyst, the GRT price chart appears to as a cup and handle pattern which signifies a major jump in the coming days. Else it might be just a continuation of an ascending triangle where-in a breakout is mandatory.
Apart from the HBAR price and GRT price, Curve(CRV) price has also rallied magnificently in the past couple of days.it has rallied nearly 300% in the last 10 days and poised to rally further to break the above resistance level. Therefore, the cryptos rallying hard despite the major cryptos like Bitcoin plunge, indicate a strong altcoin season incoming anytime in 2021.