Hedera (HBAR) has formed a clear double bottom pattern on the daily chart, based on the setup shared by CryptoSmith. The two rounded lows in April and June signal a potential reversal. Price action now approaches a descending trendline, with a breakout above the $0.17 neckline likely to trigger a new upward phase.
A confirmed move above this level could push HBAR toward the 40% target zone around $0.2199 to $0.2330. These levels match prior resistance areas and Fibonacci retracement levels from earlier declines. They also coincide with the price zone where selling pressure previously stalled rallies in April and May.
If the breakout gains momentum, the rally could extend toward the 100% upside projection. This target sits near $0.33, based on the height of the double bottom projected from the neckline. The chart shows $0.3391 as a key level where past support flipped into resistance in late 2024.
HBAR now approaches a critical resistance level. A confirmed breakout above $0.17, supported by volume, would validate the double bottom and open the path toward both near- and long-term targets.
Grayscale Replaces Polkadot With HBAR in Smart Contract Fund
Meanwhile, Grayscale Investments has sold its Polkadot (DOT) holdings along with other fund components, according to its latest statement. The firm executed the sales based on each asset’s existing weight in the Grayscale Smart Contract Platform Fund (GSC).
Grayscale then reinvested the proceeds into Hedera (HBAR) and other assets, maintaining proportional allocations. As a result, HBAR now holds a 5.80% share in the GSC fund.
Meanwhile, Ethereum (ETH) and Solana (SOL) continue to dominate the portfolio. ETH represents 30.22% of the fund, while SOL closely follows at 29.87%.
Moreover, Google Trends data shows that search interest for “HBAR” surged to a peak score of 100 today. This marks the highest level in the past 30 days, indicating a sharp rise in public attention. Interest had fluctuated since early June but gained consistent momentum over the past week, leading to today’s spike.
HBAR Gains Momentum with Metal Pay Listing, Kraken Launch, and Kevin O’Leary Endorsement
Metal Pay has added HBAR to its platform, making it easier for users to buy, sell, and trade the token. This move boosts HBAR’s accessibility across retail markets.
Next, Kraken will list HBAR on July 10. The listing could increase the token’s exposure and improve liquidity, giving more users a chance to access it directly through the exchange.
Public interest in HBAR also received a push from Kevin O’Leary. The businessman and investor recently said he holds HBAR and sees strong potential in the project.
“I think HBAR is going to be big, I really do,”
he said during an interview.
These events have strengthened the momentum around HBAR. However, its next move will depend on how the market reacts to the upcoming listing and continued demand.
What Author Thinks About HBAR Price?
HBAR Faces 32% Risk as Rising Wedge Forms on July 9 Chart
Hedera HBAR/ USDT formed a rising wedge pattern on the 4-hour chart dated July 9, 2025, trading at $0.17029. A rising wedge is typically a bearish reversal pattern, where the price rises while the support and resistance lines slowly converge. This pattern often signals weakening momentum before a sharp move downward.
If the rising wedge confirms with a breakdown below the lower red trendline, HBAR’s price could drop 32% from its current level. This would place the next potential support near $0.12789—a key horizontal level marked from the June 21 low.
The 50-period Exponential Moving Average (EMA) sits at $0.15702, and HBAR continues to trade above it, showing short-term strength. However, the Relative Strength Index (RSI) has now climbed to 75.88, entering the overbought zone. This reading suggests the current rally may be losing steam.
Volume has increased during the recent price surge, but unless it stays high during a breakout above the wedge, the bearish setup remains valid. If the price fails to hold the lower wedge support, momentum could reverse quickly.
Traders are watching the $0.157 and $0.127 zones as possible downside levels if a breakdown occurs.
HBAR MACD Turns Bullish as Momentum Builds on July 9
On July 9, 2025, the Moving Average Convergence Divergence (MACD) for HBAR showed a bullish crossover. The MACD line (blue) moved above the signal line (orange), with values at 0.00285 and 0.00187, respectively. The histogram also flipped to green, showing positive momentum for the first time in several sessions.
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of price. When the MACD line crosses above the signal line, it signals a potential bullish move. The growing histogram bars above the zero line confirm that upward momentum is increasing.
This crossover follows rising price action on HBAR’s main chart and coincides with an overbought Relative Strength Index (RSI) above 75. While momentum is currently strong, traders often watch for divergence or fading volume to spot early signs of exhaustion.
As long as the MACD line stays above the signal line and the histogram continues expanding, HBAR’s short-term momentum remains in favor of bulls. However, it must be confirmed with sustained volume and support holding above key levels.
