HBAR Countdown to Breakthrough! The $0.2 Battle Begins?
Currently, HBAR is fluctuating around 0.16. In early July, it surged by 3.5% due to ETF expectations and easing geopolitical tensions, but has consistently been suppressed by the resistance zone of 0.16-0.17, failing three attempts to break through. The bulls and bears are now in a close battle—holding steady at the 0.12 double bottom support, yet struggling to break through the strong resistance above, resembling the calm before the storm!
A signal for a trend change has emerged:
If it breaks through 0.17 with volume, a 66% increase is expected! Conversely, if it falls below 0.12, it may drop sharply to 0.1058. RSI and MACD are quietly strengthening, and buyers are building momentum.
The SEC's approval of the HBAR spot ETF on July 7 is the biggest suspense! If approved, the $0.20 battle may ignite instantly; the ecosystem's HashSphere cross-chain payment network (launching in Q3) and a monthly growth of 11% in stablecoin volume also add long-term confidence.
Overall, breakthroughs depend on ETF developments, while long-term prospects depend on applications! If we see a technical upgrade in Q3 + institutional purchases (Google and IBM are already on board), a price of 0.4 by year-end is possible; otherwise, we may remain stuck in a fluctuating mire.
The market is continuously changing, and we are closely monitoring it. Follow + comment to catch new entry opportunities together!
