Why HBAR Price Might Experience a Decline in the Coming Days
Hedera Hashgraph (HBAR) is gaining attention with a 100% surge, but technical signals indicate a potential correction. What lies ahead for this promising token ? Full analysis here.
Hedera Hashgraph (HBAR) is gaining attention with a 100% surge, but technical signals indicate a potential correction. What lies ahead for this promising token ? Full analysis here.
After a recent surge of more than 100% from its monthly low, Hedera Hashgraph (HBAR) price has sharply reversed, raising concerns about its ability to maintain bullish momentum. Savvy investors are closely monitoring this potential trend reversal signal.

Analysis of HBAR’s 3-day chart reveals a promising technical configuration. Currently trading above all its moving averages, it also remains above its previous high from May 10.
HBAR’s price could increase by more than 120% in the coming weeks to exceed $0.50, according to the MRC. The RSI at 67 still offers room for growth before more substantial profit-taking occurs.
Meanwhile, the fundamentals of the Hedera Hashgraph ecosystem appear robust. Data shows a spectacular increase of more than 292% in stablecoin supply over the past 30 days, reaching over $160 million. Additionally, decentralized exchange activity has seen a sharp rise, with monthly volumes exceeding $123 million in July.
While these indicators are encouraging, the risk of a short-term trend reversal should not be underestimated. If HBAR were to fall, the support at $0.21 will be worth watching and represents a major opportunity as this price also constitutes its 200-day moving average.
Informed investors must therefore remain vigilant to upcoming developments to seize opportunities as they arise, while being aware of the risks of a short-term trend reversal.
Here’s a guide to potentially benefit from a 120% increase on BitMart right now :
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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