$HBAR HBAR has confirmed a double-bottom reversal pattern, signaling a potential shift away from its prior downtrend. After sustained bearish pressure, price failed to make a lower low on the second attempt, indicating seller exhaustion and growing buyer control.
Following the breakout, HBAR reclaimed the value area low, which is now acting as key support. The current pullback toward this level appears to be a healthy retest rather than weakness, keeping the reversal structure intact as long as support holds.
Key Technical Takeaways
Double-bottom reversal pattern confirmed
Price holding above the value area low as bullish support
Upside focus shifts toward $0.14 high-timeframe resistance
From a market-structure perspective, HBAR is beginning to transition into a more constructive phase. A reclaim of the Point of Control would further strengthen bullish momentum and increase the probability of continuation.
The primary upside target remains the $0.14 resistance, a major high-timeframe level with relatively limited resistance below it. Volume will be critical going forward, as sustained buying interest is needed to drive continuation.
As long as HBAR holds above reclaimed support, the bullish reversal remains valid, with higher prices increasingly likely over the near term
$HBAR #hbar #bullclub