Following a period of market volatility triggered by President Trump's aggressive tariff policies, the cryptocurrency market is showing early signs of recovery. Bitcoin has surged by 6%, while Ethereum has gained 8%, with altcoins—especially Hedera ($HBAR )—leading the charge.
HBAR’s 20% Surge
HBAR has posted a significant rebound, rising more than 20% from its critical support level of $0.1248 to $0.1592. This surge has enabled the asset to regain crucial price levels, setting the stage for a possible trend reversal. The price action currently suggests the formation of a rounded bottom, a potential precursor to a bullish shift.
Bullish Pattern Formation
On analyzing the daily chart, HBAR’s price structure appears to be developing an Inverted Cup and Handle pattern, with the left curve already taking shape. A sustained breakout above the 50-day moving average, currently at $0.1971, could pave the way for a retest of the $0.40 neckline, which would open up substantial upside potential.
Additionally, the chart bears a resemblance to a past inverse Head & Shoulders breakout, a historically bullish pattern that often signals a major shift in market momentum.
Key Levels to Monitor
1. A reclaiming of the $0.20+ level, supported by solid consolidation.
2. Confirmation of increased volume and movement above key moving averages.
3. A decisive breakout above $0.40, which would complete the reversal pattern.
Conclusion
HBAR’s impressive bounce and the developing chart pattern suggest that bullish momentum could be returning to the market. While confirmation is still needed, the technical setup points to the possibility of a breakout. Traders should closely monitor these developments, as they could mark one of the most significant moves in Q2.
As always, patience, precision, and momentum will be crucial as HBAR embarks on what may be a significant upward shift in its price action.
