Hedera (HBAR) Bullish Patterns Signal Potential Run to $0.40
HBAR has staged a strong rebound, forming key bullish chart patterns and on-chain metrics suggest further upside. On the daily chart, HBAR completed a double-bottom at $0.1260 with a confirmed neckline breakout at $0.2298. A golden cross formed on July 18 as the 50-day EMA crossed above the 200-day EMA. Additionally, a bullish pennant aims to propel HBAR toward January’s high near $0.40. On-chain data shows stablecoin supply on Hedera rising from $57 million to $85 million, while total value locked (TVL) jumped from $143 million to $270 million. These technicals and DeFi activity reinforce a bullish outlook for traders eyeing a continuation toward prior highs.
Bullish
The convergence of multiple bullish signals—double-bottom breakout, golden cross, and bullish pennant—historically precedes significant gains in altcoins. The confirmed neckline retest and EMA crossover on the daily chart strengthen HBAR’s technical case. On-chain metrics, including the rebound in stablecoin supply and surging TVL, indicate renewed DeFi engagement on Hedera. Similar setups in midsize tokens have led to rapid rallies once key patterns resolve. Short-term traders can target January’s $0.40 high, while long-term holders may benefit from an extended uptrend as on-chain activity sustains.