Hedera HBAR Shows Bullish Signals with Double Bottom Pattern, Targeting $0.30 Breakout

Hedera HBAR has formed a bullish double bottom pattern NEAR the $0.265 support level, indicating potential upward momentum. The price action demonstrates strong buyer interest at this critical zone, with a breakout above the $0.273 neckline likely to propel further gains.

Whale accumulation is increasing, with wallets holding one million or more HBAR growing by 5% since July 20. July's exchange outflows further support the bullish outlook, potentially fueling a rally if the $0.28 resistance is breached.

Crypto analyst Mark Chadwick emphasizes the technical importance of the double bottom formation. "The neckline at $0.273 is the immediate challenge," he notes. "A decisive close above this level WOULD confirm the bullish reversal and pave the way toward higher resistance zones."