HBAR bulls demonstrate readiness to take over as the bears grow weak. The coin’s latest report coupled with short-term support retest is likely the reason behind the sentiment shift. The Hedera network is still one of the layer-1 blockchains that have been rapidly gaining popularity. While this was a big factor in HBAR’s bullish bounce […]
from its YTD peak in February. However, it is now clear that the bears are losing their momentum after dominating for over three weeks now.
In fact, the weighted sentiment just concluded last week with a surge to its highest level in the past four weeks.Also, the price volatility metric ended February at its lowest monthly level but it is now showing a return to higher volatility. In addition, these changes are taking place at a time when the network’s developers are in full swing.HBAR’s price action recently bottomed out at the $0.062 price level which previously acted as a short-term support level.
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