{"id":12705,"date":"2025-10-06T18:15:51","date_gmt":"2025-10-06T18:15:51","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hbar-price-pattern-points-a-surge-despite-deteriorating-network-growth\/"},"modified":"2025-10-06T18:16:01","modified_gmt":"2025-10-06T18:16:01","slug":"hbar-price-pattern-points-a-surge-despite-deteriorating-network-growth","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hbar-price-pattern-points-a-surge-despite-deteriorating-network-growth\/","title":{"rendered":"HBAR price pattern points a surge despite deteriorating network growth"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">HBAR price has formed at least two highly bullish patterns, pointing to an eventual rebound despite deteriorating metrics in the decentralized finance industry.<\/p>\n<div id=\"cn-block-summary-block_c1247913062a3e3357ebbbed1bf4a1da\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>HBAR price has formed numerous chart patterns, pointing to more gains in the near term.<\/li>\n<li>It has formed a falling wedge pattern and is in the second phase of the Elliot Wave.<\/li>\n<li>The main risk is that the network growth is deteriorating.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hedera (HBAR) was trading at $0.2286 on Monday, up from this month\u2019s low of $0.2060. It remains about 25% below the year-to-date high of $0.3045.<\/p>\n<h2 class=\"wp-block-heading\">HBAR price technical analysis\u00a0<\/h2>\n<p>The daily timeframe chart shows that the Hedera price has formed several highly bullish patterns that may lead to a strong breakout. It formed a double-bottom pattern at $0.1230, with a neckline at $0.2277.<\/p>\n<p>HBAR has then formed a falling wedge pattern, which is made up of two falling and converging trendlines. This wedge is part of a broader bullish pennant pattern.<\/p>\n<p>It is also part of the second phase of the impulse Elliott Wave, which is then followed by the third one, usually the longest and most bullish.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>HBAR has also settled above the 200-day Exponential Moving Average, a sign that bulls are in control. Therefore, these patterns point to more gains, with the initial target being the year-to-date high of $0.3045, which is about 35% above the current level.<\/p>\n<p>A move above that target will point to more gains, potentially to the January high of $0.4018. This target is about 76% above the current level. A move below the support at $0.2061 will invalidate the bullish HBAR price forecast.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">HBAR price chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Hedera metrics are deteriorating<\/h2>\n<p>While HBAR price has strong technicals, its fundamentals are deteriorating. For example, data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/stablecoins\/Hedera\" target=\"_blank\" rel=\"nofollow\">DeFi Llama<\/a> shows the volume in its DEX protocols has been in a downward trend in the past few weeks.\u00a0<\/p>\n<p>This volume peaked at $1.7 billion in December last year and then fell to a low of $242 million in September. Falling DEX volume is a sign that activity in the network is not improving.<\/p>\n<p>Other data show that the total value locked in its decentralized finance ecosystem has pulled back in the past few days, moving from a high of $250 million in July to $230 million today. Its TVL is much lower than that of other smaller networks such as Plasma<strong>, <\/strong>Unichain, Linea, and Katana.<\/p>\n<p>Meanwhile, the amount of stablecoins on the Hedera network has seen substantial fluctuations in the past few months. It has dropped to $81 million from this month\u2019s high of $164 million. A similar move occurred in September when it dropped from $150 million to $70 million within a day.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HBAR price has formed at least two highly bullish patterns, pointing to an eventual rebound despite deteriorating metrics in the decentralized finance industry. Summary HBAR price has formed numerous chart&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12705"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12705\/revisions"}],"predecessor-version":[{"id":12706,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12705\/revisions\/12706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1854"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}