HBAR Rebounds on Double-Bottom After Heavy Volume Support Test, Eyes $0.1720 Resistance
HBAR price slipped after failing to clear the $0.1700 resistance, dropping to $0.1675 and breaking below the $0.1650 support on a 68% volume surge. In the latest session, HBAR tested $0.1688 on a 32% volume spike to 63.6 million tokens, triggering a sharp rebound and confirming a double-bottom pattern with higher lows. Traders now target a breakout above near-term resistance at $0.1720–$0.1730, with stop-loss orders below $0.1682. Sustained buying pressure and volume will be crucial to validate the upside momentum and reverse the downtrend.
Bullish
The double-bottom pattern formed on heavy volume at key support signals a potential trend reversal for HBAR. In the short term, the sharp rebound and higher lows suggest buyers are stepping in around $0.1688. Longer term, sustained volume-backed demand and a successful breakout above $0.1720–$0.1730 resistance would confirm the end of the downtrend and likely attract more momentum-driven traders.