Hedera HBAR Consolidates at $0.25 After 100% July Rally, Technicals Remain Bullish

HBAR has retraced to $0.25 following a parabolic July surge that delivered over 100% gains, with technical indicators suggesting bullish momentum persists despite recent profit-taking. The pullback comes after rejection at key resistance between $0.28-$0.29, validating analyst warnings from July 19 about overextended conditions.

Hedera's network fundamentals strengthened with Mainnet 0.63's successful deployment, though the performance upgrade didn't trigger immediate price appreciation. Market focus remains on technical factors, with the RSI cooling from overbought to a neutral 61.00 reading.

The current consolidation reflects healthy market dynamics post-rally. Traders are monitoring the 50-day MA support NEAR $0.23 to determine whether July's breakout signals a new macro trend or speculative spike.