Hedera's Double Bottom Pattern Indicates Potential Upside

Hedera (HBAR) is currently exhibiting a double bottom pattern, with a robust support level at $0.102. According to NS3.AI, this formation suggests a potential 31% increase if the cryptocurrency surpasses the $0.135 neckline. The 50-day EMA, positioned around $0.127, serves as a significant resistance point, having previously hindered upward movements. Concurrently, there is a noticeable rise in ETF inflows and spot demand, indicating heightened interest from both institutional and retail investors. These factors make the forthcoming price developments crucial for Hedera.