Is HBAR Ready to Surge? A Potential Bullish Breakout in the Making!

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Hedera Hashgraph’s token, dear readers, is waltzing tantalizingly close to what could very well be a bullish breakout. Yes, that’s right, the very same token you may have ignored, languishing in the deep pits of market despair, is now flirting with the possibility of something glorious – a reversal! And it’s all thanks to a *highly bullish* pattern taking shape, as well as the mysterious recovery of a key stablecoin metric. Is this the start of something grand? Well, time will tell. 🧐

As of July 8, Hedera (HBAR) was gallantly trading at $0.1525 – a small but significant step above this month’s dismal low of $0.1255. While that’s still a whopping 30% below the March high, we must remind ourselves that even bears need a little sunshine once in a while. And this is still very much within bear market territory, so don’t get too carried away just yet, darling. Bear hugs are still in effect. 🐻

But let’s focus on the good news, shall we? A potential fundamental catalyst looms on the horizon, and it’s as delightful as finding a dollar bill in your winter coat pocket. The stablecoin supply in Hedera’s network has started to rise once more. It’s been quite the recovery, with over $131 million now flooding the market – the highest since May 28! That’s quite a jump from last month’s sorry low of $40.2 million. Oh, how quickly fortunes can change! 🌱

What does this mean? Simple. Network activity is growing, and the tides may just be turning. The USD Coin (USDC) is the superstar here, closely followed by Hedera’s own Swiss Franc coin. A perfect combination, if I may say so! 💰

And if that wasn’t enough good news for you, hold on to your seat. Hedera’s Total Value Locked (TVL) in decentralized finance has started its own climb. Up to $168 million from last month’s more modest $139 million. That’s a solid increase, my friends. The heroes of this rise? Bonzo Finance, Libre Capital, and DaVinciGraph. Remember their names; they’ll be in the history books! 📚

As we turn our gaze towards regulation, it seems the SEC has decided to pause its decision on two HBAR exchange-traded funds (ETFs) while it seeks more public comments. Yes, the SEC, in all its glory, has delayed Canary’s ETF to September 9 and Grayscale’s to November 11. We do love a good delay, don’t we? It’s like waiting for a bus that’s perpetually late but somehow always manages to show up eventually. ⏳

Now, Hedera Hashgraph isn’t just another random player in the game. Oh no, no. This is a layer-1 network aiming to challenge Ethereum, Tron, and perhaps even the very fabric of the crypto universe. With its high throughput, minimal transaction costs, and a governance council composed of tech titans like IBM and Google, Hedera is not here to make up the numbers. It’s here to dominate! 💥

HBAR Price Technical Analysis

Ah, the sweet allure of technical indicators. They whisper their secrets to those who listen closely. And what are they saying about HBAR, you ask? Well, it’s all pointing towards a potential bullish breakout, of course! A classic double-bottom pattern has emerged, with support at $0.1254 and a neckline at $0.2298. For those unfamiliar, this pattern is the holy grail of bullish reversals. Just wait – it’s like a phoenix rising from the ashes, or a poorly-written love letter becoming a masterpiece. 🌹

Just a few months ago, HBAR plummeted from $0.3925 in January to a pitiful $0.1255 in April. It was tragic, really, the way the double-top pattern unfolded. But now, the tides are turning. The Relative Strength Index (RSI) has bounced from an oversold 30 to a healthier 52, and it’s trending upwards. The MACD indicator is even flirting with a crossover above the zero line. Intrigued yet? I thought so. 📈

What’s next for HBAR, you ask? Well, a rebound seems likely. If this trend continues, we might just see a retest of that neckline at $0.2298 – a juicy 45% gain from current levels. And should it break above that line? Well, my friend, you may want to get your seatbelt on, because the journey could take us to $0.30. 🎢

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2025-07-08 16:33