Altcoins News
By Sakamoto Nashi
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After more than three months of persistent decline, Hedera (HBAR) is now flashing some of the strongest bullish indicators seen since mid-2024.
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HBAR has surged 9% in the past 24 hours to trade near $0.14, even as the broader crypto market continues to struggle with ongoing outflows and weak sentiment.
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The sharp downturn that began in August was the result of weakening network activity, shrinking DeFi participation, and a macro environment that offered little relief to digital…
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New inflows from exchange-traded funds initially generated enthusiasm following the launch of spot HBAR ETFs in late summer. However, that momentum was short-lived.
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Weakness has also been visible across Hedera’s decentralized finance sector. Total value locked across Hedera-based protocols has fallen from $315 million in July to $157.
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Despite the overarching slowdown, derivatives traders are beginning to take the opposite side of the trend.
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The daily price structure supports that outlook. Since July, HBAR has been moving inside a descending parallel channel — a pattern defined by lower highs and lower lows within…
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Additionally, Hedera is forming a triple bottom pattern around $0.123. The three retests of the same support area suggest strong buying interest at that level.
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Market indicators add further validation. The MACD line is moving toward a bullish crossover on the daily chart, while the RSI has bounced from oversold territory and continues…
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A breakout to the neckline is not guaranteed, however. The bullish setup will remain intact only if HBAR holds above $0.123, which has become the defining support level.
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The outlook, therefore, depends on whether HBAR can maintain its momentum long enough to escape the descending channel and approach the neckline target.
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For now, traders are watching two levels closely: $0.123 as the line that must hold to preserve the bullish case, and $0.228 as the level that would confirm the breakout.
The Currency Analytics
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