Hedera HBAR Holds Steady Near $0.27 as Breakout Potential Builds

Hedera (HBAR) is consolidating around $0.27 following a 5.57% daily decline, with traders watching for signs of a bullish reversal. The rejection at $0.285 led to a pullback, but the $0.265 support level has held firm. Despite rising sell-side volume surpassing $540 million indicating bearish pressure, technical analysts have identified a double bottom pattern that could spark a rebound if HBAR reclaims $0.273.

Market participants are awaiting confirmation of either a recovery or further downside. Analysts such as Bonacci and crypto Joe highlight key structural patterns, noting that HBAR's next move depends on whether it breaks through resistance or yields to selling pressure. The tight trading range reflects an ongoing battle between bulls and bears, with lower timeframes suggesting accumulating momentum.