HBAR’s cryptocurrency experienced a dramatic 130% price surge recently, climbing from $0.13 to $0.30 as it completed a bullish double bottom breakout pattern. This rally propelled the digital asset to its highest valuation in months.
However, strong resistance at the $0.30 price level triggered a technical pullback. HBAR has since retreated to test critical support at approximately $0.25, where investor sentiment faces a decisive test.
Market analysts warn that a sustained break below the $0.23 threshold could confirm a bearish double top formation. Such a breakdown might accelerate selling pressure, potentially pushing prices toward $0.20 or even $0.18 support zones.
Traders are advised to closely monitor price action around the $0.23 level, which now serves as a crucial indicator for determining HBAR’s near-term trajectory amid ongoing market volatility.