HBAR’s Bullish Breakout Hangs in the Balance as RSI Warns of Bearish Divergence

HBAR's rally faces a critical stress test—just as its Relative Strength Index flashes a classic warning sign.

Technical traders eye make-or-break levels after the crypto's recent surge. The RSI divergence suggests momentum is waning, even as price action grinds higher. A textbook setup for either a trap or a triumph.

Will HBAR defy gravity or succumb to the oldest technical trick in the book? Either way, someone's liquidity is about to become someone else's yacht payment.

HBAR’s recent rally was catalyzed by the launch of the Valour Hedera Physical Staking ETP on the SIX Swiss Exchange, giving investors regulated access to HBAR and its staking rewards.

Looking ahead, the U.S. Securities and Exchange Commission is currently reviewing a proposed Hedera ETF by Canary Capital, intended for listing on Nasdaq. The agency recently extended the decision deadline to September. If approved — a scenario analysts view as likely — the ETF could trigger significant buying pressure, potentially driving HBAR’s price higher.

More immediately, Hedera will upgrade its mainnet to version 0.63 on July 23, introducing performance optimizations and backend improvements. While the update is not expected to impact HBAR’s tokenomics or utility, it may reinforce confidence in the network’s reliability.