This Adam and Eve Pattern Breakout Reveals Hedera (HBAR) Next Price Direction as FLOKI Gears for +100% Upside
Crypto analysts on X are pointing out potentially bullish patterns and breakouts for the digital assets Hedera (HBAR) and Floki Inu (FLOKI). According to these analysts, the recent price action could indicate major upside ahead for both cryptocurrencies.
What you'll learn 👉
Hedera’s Upward Trajectory
The X user @HbarHODLerBull, who goes by the name “$HBAR HEDERA BULL ℏ,” has identified an “Adam and Eve” pattern in Hedera’s price charts. This pattern is characterized by a deep selloff (Eve) followed by a recovery that fails to reach the previous high (Adam), creating a curved shape resembling a bottoming process.
Hedera’s price is currently trading at around $0.1 and has broken out from the top of this pattern, suggesting potential for further upside. The analyst believes that Hedera’s price is “programmed” to reach $5, implying a substantial increase from its current levels.
Another analyst, @RebelMB_, points out that Hedera has recently “escaped a roughly 720-day bear market range and is retesting for a breakout.” Drawing parallels with Bitcoin’s price action in October 2022, when it broke out of a similar range and went on to reach new all-time highs, @RebelMB_ posits that if Hedera follows a similar trajectory, it could see a 475% increase to its all-time highs.
Floki Inu’s Bullish Flag Breakout
Shifting focus to the meme cryptocurrency Floki Inu, analyst @CryptoFaibik has identified a “Bullish Flag” pattern in its price charts. This pattern is characterized by a sharp price increase followed by a consolidation period, forming a flag-like shape, before potentially breaking out to the upside.
@CryptoFaibik’s chart shows that Floki Inu’s price has broken out from this pattern and is currently trading around $0.000187. The analysis suggests that the price could surge to as high as $0.0004, representing an upside potential of over 110%.
While the technical patterns identified by these analysts suggest potential upside for Hedera and Floki Inu, it’s important to exercise caution and conduct thorough research before making investment decisions.
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