{"id":7353,"date":"2025-08-10T14:39:18","date_gmt":"2025-08-10T14:39:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hedera-flashes-bullish-pattern-key-metric-attempts-hbar-rebound\/"},"modified":"2025-08-10T14:39:24","modified_gmt":"2025-08-10T14:39:24","slug":"hedera-flashes-bullish-pattern-key-metric-attempts-hbar-rebound","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hedera-flashes-bullish-pattern-key-metric-attempts-hbar-rebound\/","title":{"rendered":"Hedera flashes bullish pattern, key metric attempts HBAR rebound"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hedera Hashgraph is enjoying a rally, fueled by a perfect storm of bullish technical patterns and on-chain recovery signs \u2014 from a double bottom and golden cross to rebounding stablecoin supply and surging DeFi activity \u2014 setting the stage for a potential run toward January\u2019s highs.<\/p>\n<div id=\"cn-block-summary-block_cc21fc018d4ecae8d871c9dbb7762a80\" 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 a golden cross pattern on the daily chart.<\/li>\n<li>It has also formed a bullish pennant pattern whose two lines are nearing their convergence.\u00a0<\/li>\n<li>Hedera Hashgraph\u2019s stablecoin supply has started to rebound.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hedera (HBAR) token rose to a high of $0.2650 on Sunday, Aug. 10, up by 16% from its lowest point this month and by 107% from the lowest level this year.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">HBAR price chart points to more gains<\/h2>\n<p>The daily timeframe chart points to more gains in the near term. First, it has formed a double-bottom pattern at $0.1260 and a neckline at $0.2298. This pattern often leads to more gains over time. The breakout is normally confirmed when the price retests the neckline, which has already happened.\u00a0<\/p>\n<p>Hedera price has also formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages crossed each other on July 18. Like the double bottom, this pattern typically leads to more gains over time.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>HBAR price has also formed a bullish pennant pattern, which has a vertical line and a symmetrical triangle. A breakout happens when the two lines of the triangle pattern near their confluence.\u00a0<\/p>\n<p>The bullish pennant has a height of about 58%. Measuring the same distance from the potential breakout point means that the coin will rise to $0.40, which coincides with the highest point in January this year.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">HBAR price chart | Source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Key Hedera Hashgraph metric attempts to rebound<\/h2>\n<p>The HBAR price breakout will happen if a crucial Hedera Hashgraph metric continues to recover.\u00a0<\/p>\n<p>DeFi Llama <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/hedera?stablecoinsMcap=false&amp;tvl=true\" target=\"_blank\">data<\/a> shows that the stablecoin supply on Hedera plummeted from $224 million on August 1 to a low of $57 million. This was the second time this year that the metric has plummeted. In the first time, the supply dropped from $212 million on May 27 to $46 million on May 29.\u00a0<\/p>\n<p>There are signs that the stablecoin supply on Hedera is recovering, as it jumped from this month\u2019s low of $57 million to $85 million. Stablecoin supply in a layer-1 network like Hedera is a bullish sign, as it indicates high activity.<\/p>\n<p>Hedera\u2019s total value locked in the decentralized finance industry is booming. It jumped to a high of $270 million, up from the year-to-date low of $143 million.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hedera Hashgraph is enjoying a rally, fueled by a perfect storm of bullish technical patterns and on-chain recovery signs \u2014 from a double bottom and golden cross to rebounding stablecoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7353","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\/7353","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=7353"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7353\/revisions"}],"predecessor-version":[{"id":7354,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7353\/revisions\/7354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1425"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}