{"id":6654,"date":"2025-08-04T09:34:20","date_gmt":"2025-08-04T09:34:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/has-hbar-topped-out-signs-of-a-possible-correction\/"},"modified":"2025-08-04T09:34:22","modified_gmt":"2025-08-04T09:34:22","slug":"has-hbar-topped-out-signs-of-a-possible-correction","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/has-hbar-topped-out-signs-of-a-possible-correction\/","title":{"rendered":"Has HBAR topped out? Signs of a possible correction"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">HBAR price has rallied over 130% from its June low, but recent price action shows signs of weakness as a potential bearish reversal pattern begins to take shape.<\/p>\n<div id=\"cn-block-summary-block_10d83cb10253d0c2f32e81b32d9e7eae\" 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 surged approximately 130% from a double bottom low of $0.13 on June 22 to a peak of $0.30 on July 27.<\/li>\n<li>Since peaking near $0.30, HBAR has pulled back to the breakout zone around $0.25 instead of making a higher low.<\/li>\n<li>A potential double top near $0.30 has formed, signaling increasing selling pressure at this level.<\/li>\n<li>If the double top pattern is confirmed by a breakdown below the $0.23 support level on strong volume, it could trigger a deeper correction toward $0.20 or even $0.18.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hedera (HBAR) price has recently staged a parabolic rally, climbing over 130% from the $0.13 low on June 22, which marked the second bottom of a well-defined double bottom formation. This rally was supported by rising volume and a bullish crossover of the 20-day EMA over the 50-day SMA.<\/p>\n<p>The breakout above the neckline resistance at $0.23 confirmed the pattern and triggered further bullish momentum, driving HBAR price to a local high just above $0.30, narrowly missing the full measured move target near $0.33.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14402338\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">HBAR price prediction<\/h2>\n<p>Since reaching the $0.30 level, however, Hedera price has pulled back, failing to establish a higher low and instead retracing to the breakout zone of the previous double bottom, currently trading around $0.25. Moreover, it briefly dipped below the 20-day EMA though quickly recovered above it, as strong buying pressure reaffirmed this level as solid support\u2014evidenced by an 8% green daily candle printed yesterday.<\/p>\n<p>While the broader uptrend remains intact\u2014supported by the bullish 20-day EMA crossing above the 50-day SMA\u2014the recent pullback to the breakout zone suggests caution. Additionally, the price action is now approaching a potential double top formation near the $0.30 resistance level. This is bearish because HBAR price made two unsuccessful attempts to break above the $0.30 resistance level, failing to sustain momentum on both. These repeated rejections indicate increasing selling pressure and weakening buying interest at this key level.<\/p>\n<p>However, the bearish reversal pattern is not yet confirmed. For confirmation, HBAR price would need to break below the $0.23 support zone on high volume, in which case it could potentially revisit the previous levels $0.20 or even $0.18.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HBAR price has rallied over 130% from its June low, but recent price action shows signs of weakness as a potential bearish reversal pattern begins to take shape. Summary HBAR&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6654","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\/6654","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=6654"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6654\/revisions"}],"predecessor-version":[{"id":6655,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6654\/revisions\/6655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1532"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}