Hedera [HBAR] rallies 37% in a week, but signs point to $0.14 drop – BitRss

• The token’s fear and greed index flashed a sell signal. 
• A price correction could push HBAR don to $0.14 again.

Hedera [HBAR] has been on its top game over the last week, catching investors off guard. However, such massive price rises are often followed by corrections. Will HBAR have a similar fate on this occasion? 

Hedera’s meteoric rise

HBAR investors must be celebrating last week, as CoinMarketCap’s data revealed that the token’s price surged by 38% during that period.

The bullish trend continued in the past 24 hours because the token witnessed another nearly 24% hike. With this, the token’s price reached $0.205 with a market capitalization of over $7.8 billion.

As Hedera’s value increased, its social metrics also increased — a signal of rising popularity of the token in the crypto space.

In the meantime, Crypto Tony, a popular crypto analyst,