Hedera HBAR Shows Bullish Breakout but Faces Potential Pullback as RSI Signals Overbought Conditions

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-22 07:16:14

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News -

Hedera's HBAR token experienced a 30% surge after breaking out from a double-bottom pattern, reaching a peak of $0.299 before showing signs of exhaustion. The rally is now testing key support at $0.253, with bearish RSI divergence indicating weakening momentum.

Technical targets remain at $0.333 if the uptrend continues, but the overbought RSI reading of 73 suggests possible consolidation or retracement before further gains. The market structure maintains a bullish bias above the $0.229 neckline, which now serves as critical support.

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