👀 $HBAR is at risk, will it grow by 25% or fall by 35%?

During the period of significant price decline, the local token Hedera, HBAR, reached an important support level, creating a "make-or-break" situation for the asset. Over the past two weeks, the token has experienced a noticeable price drop of more than 25% and reached a level at which it historically reversed its price.
🔸 Technical analysis #HBAR and future levels
According to the technical analysis of CoinPedia, HBAR seems to be forming a triangle price action pattern on the daily chart with an upward trend. However, the token has consistently found support from the rising trendline. The daily chart shows that since November 2024, HBAR has already received support five times, and each time it has observed a growing momentum.
Assessing the current market sentiment and historical price momentum, there is a strong possibility that it could rise by 25% and reach a level of $0.37 in the coming days. However, if HBAR fails to hold support at this trend line and closes the daily candle below the $0.287 level, a further price drop of more than 35% is possible.
🔸 Current price trend
HBAR is currently trading around $0.30 and has experienced a price decrease of more than 4.5% over the last 24 hours. However, during the same period, market sentiment shows a 25% decrease in trader and investor participation.
🔸 Investors showed strong buying activity?
One of the aspects that crypto enthusiasts are currently paying significant attention to is the continuous accumulation by long-term holders and investors during the days when the HBAR price was declining.
These significant HBAR withdrawals indicate possible accumulation by long-term holders. Additionally, this metric further hints at potential buying pressure that may lead to further price growth.
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