After a sharp rally to this level, HBAR faced rejection, triggering a pullback that sent the price to $0.27.

The sell-off marked a 5.57% daily decline, with rising volume suggesting increased bearish pressure. Despite this retracement, analysts are closely watching for a potential bullish reversal setup emerging on lower timeframes.

Technical analysts, including Bonacci and Crypto Joe, have identified key structural patterns that may shape HBAR’s next move. A double bottom has formed near $0.265, and a break above $0.273 could validate a short-term recovery. As the price consolidates, all eyes are on whether HBAR can reclaim key levels or continue to slide.

Hedera Price Maintains Range Near $0.27 With Breakout Signal Developing

Hedera (HBAR) is currently holding within a tight price range around $0.27, following a brief decline of 5.57% over the past 24 hours. The recent pullback began near $0.285 on July 28 and extended steadily lower throughout the day. The downward move was accompanied by increased sell-side volume, totaling more than $540 million in daily trading activity, indicating strong participation during the move.

Source: BraveNewCoin

Despite the short-term dip, HBAR has not broken below key support at $0.265, a level that traders are closely monitoring. The early session of July 29 showed signs of price stabilization, although HBAR remained capped beneath $0.275. Market participants await confirmation of a base or further decline, depending on buy-side momentum near current levels.

Resistance Zone Retested as Supply Remains Active

According to analyst Bonacci, the current price behavior of Hedera remains in line with previously defined technical zones. The daily chart reflects a retest of the upper resistance range between $0.26 and $0.30, which has served as a historical supply zone. Bonacci confirmed that these zones have not been modified, underscoring their ongoing relevance based on prior Hedera price action.

Source:X

The visible wicks on recent candles suggest repeated attempts to breach this resistance have met with selling pressure. Hedera Price rejection within this zone aligns with past trading activity, where buyers have struggled to maintain momentum. For a sustained upside move, HBAR would require both volume expansion and confirmation above the upper boundary of the zone. Until then, the area between $0.265 and $0.275 remains a pivot point.

Bullish Double Bottom Emerges on Short-Term Chart

Technical analysis shared by Crypto Joe points to a bullish double bottom structure on the 30-minute chart. The pattern formed with two pronounced dips near the $0.265 support level, which now appears to be a line of defense for buyers. The neckline of the pattern is situated around $0.273, and any breakout above this mark could suggest a shift in momentum.

Source:X

Volume activity during the second bottom shows an increase, supporting the view that demand is returning. If the Hedera price can reclaim and hold above the 50 EMA, it may trigger a move toward the $0.2826 target projected by the pattern. The presence of this structure adds to the broader narrative of a developing bullish reversal at the lower boundary of the current trading range.

Volume Profile and Support Zones Indicate Accumulation Potential

In the event of another retracement, the closest support zone identified on the volume profile sits around $0.18. This level corresponds with a high-volume node and could serve as an accumulation zone if the Hedera price falls below the current $0.265 threshold. As shown on Bonacci’s chart, these zones have previously attracted buying interest during consolidation phases.

While short-term resistance remains a barrier to further gains, the structure of the chart continues to suggest that bulls are attempting to build momentum. If sentiment improves and HBAR price holds above $0.265–$0.270, chances of a breakout above $0.30 may rise soon. Technical observers are focused on whether this current range resolves in favor of continuation or further consolidation.

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Filed under: Bitcoin - @ July 29, 2025 5:30 pm