Analysts’ spotlight on three crypto tokens reveals a divergence of predictions. Hedera (HBAR) and Immutable (IMX), both are set to continue on their downward trends, while Pomerdoge (POMD) is bracing up for exciting times with analysts projecting bullish perspectives for the meme coin. Let’s have a look and see how this prediction will materialize.
Why Are Analysts Predicting Bearish Trends for Hedera (HBAR)
Hedera (HBAR), a blockchain thriving on speed, efficiency, and security. Although HBAR has been on an upward trajectory recently, the prediction of analysts is tilting toward the bearish path. This could be attributed to several factors.
First, despite the recent performance, Hedera is still hovering between the green and the red lines, indicating that the bearish trend is still very much in shape.
Furthermore, Hedera has consistently failed to break the resistance level of $0.065 even while showing bullish signals. This has prompted an indication that it is only a matter of time before the bear market resurfaces. Unless Hedera undergoes remarkable changes, analysts’ prediction is set to stay.
Do Analysts’ Bearish Predictions of Immutable (IMX) Justify?
When Twitter CEO Elon Musk changed the microblogging logo to X, many cryptos having X features in their names experienced a surge. Immutable (IMX) was one of the cryptocurrencies whose stock rose as a result of the development.
However, analysts appear not to be swayed by the rise of Immutable, as they are predicting that the token will slide into the bear market soon.
The bearish prediction is precipitated by the lack of a viable immutable community for massive NFT adoption. In addition, Analysts believe that the present rise enjoyed by IMX is likely to go down because of the general bearish trends that are battling many cryptocurrencies. With this in mind, Immutable holders should prepare for every scenario.
Pomerdoge (POMD) Is Set To Undergo Explosive Bullishness According to Analysts’ Projection
While analysts are predicting bearish momentum for both Hedera and Immutable, the reverse is the case for Pomerdoge with bullish momentum predicted. Pomerdoge is a play-to-earn gaming platform that seeks to bring in-game connections between players.
The Pomerdoge platform will also bring more excitement to the gaming industry by offering an impressive and satisfying experience for game lovers and crypto enthusiasts.
Through its in-game marketplace – Pomergame, players can earn rewards by transacting in-game assets. Having been audited by SolidProof and Cyberscope, the project is 100% secure. The POMD token is currently available for purchase for only $0.007.
Holding this token will open the door for more opportunities in the Pomerdoge ecosystem. Early adopters of this token will also have access to the huge collection of 7,777 NFTs. With its potential to rise by up to 2,000% in the future, now is the time to join the project. As we know, early investment in projects opens the door for massive ROI in the future.
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