The post HBAR price pattern points a surge despite deteriorating network growth appeared on BitcoinEthereumNews.com.

HBAR price has formed at least two highly bullish patterns, pointing to an eventual rebound despite deteriorating metrics in the decentralized finance industry. Summary HBAR price has formed numerous chart patterns, pointing to more gains in the near term. It has formed a falling wedge pattern and is in the second phase of the Elliot Wave. The main risk is that the network growth is deteriorating. Hedera (HBAR) was trading at $0.2286 on Monday, up from this month’s low of $0.2060. It remains about 25% below the year-to-date high of $0.3045. HBAR price technical analysis  The daily timeframe chart shows that the Hedera price has formed several highly bullish patterns that may lead to a strong breakout. It formed a double-bottom pattern at $0.1230, with a neckline at $0.2277. HBAR has then formed a falling wedge pattern, which is made up of two falling and converging trendlines. This wedge is part of a broader bullish pennant pattern. It is also part of the second phase of the impulse Elliott Wave, which is then followed by the third one, usually the longest and most bullish. HBAR has also settled above the 200-day Exponential Moving Average, a sign that bulls are in control. Therefore, these patterns point to more gains, with the initial target being the year-to-date high of $0.3045, which is about 35% above the current level. A move above that target will point to more gains, potentially to the January high of $0.4018. This target is about 76% above the current level. A move below the support at $0.2061 will invalidate the bullish HBAR price forecast. HBAR price chart | Source: crypto.news  Hedera metrics are deteriorating While HBAR price has strong technicals, its fundamentals are deteriorating. For example, data compiled by DeFi Llama shows the volume in its DEX protocols…

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Filed under: News - @ October 6, 2025 7:29 pm