HBAR’s 75% rally in July – Here’s where traders can plan to take profits!
2025-07-14 05:07:57
Main Idea
Hedera (HBAR) experienced a significant price rally in July, with traders advised on potential profit-taking levels based on technical analysis.
Key Points
1. Hedera's price surged 75% in July, with a 24% increase in 24 hours and daily trading volume reaching $1.33 billion.
2. The derivatives market showed strong short-term bullish conviction, with a 48.9% increase in 24-hour Open Interest.
3. Technical analysis identified key levels: Point of Control at $0.193, Value Area High at $0.255, and Value Area Low at $0.144.
4. The $0.22-level could act as a demand zone in case of a retracement, while a breakout past $0.255 might offer a buying opportunity.
5. The rally was not solely speculative, as indicated by the bullish 1-day market reading.
Description
Bullish conditions across the crypto market helped Hedera climb comfortably past its two-month highs.
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