HBAR surged 130% and encountered a key support at $0.25! Will it reverse the big dump under the double top warning?

HBAR has recently experienced an astonishing 130% pump, surging from $0.13 to $0.30, attracting significant follow from the market. However, as the price encountered resistance at $0.30 and fell back to the critical support area of $0.25, potential reversal signals have appeared on the technical front. Investors should closely follow the support level at $0.23, which will determine whether HBAR can maintain its upward momentum or face a new round of fall.

Double bottom breakout drives HBAR strong rebound

Since the low point of $0.13 on June 22, HBAR has completed a double bottom formation and strongly broke through, reaching a high of $0.30, with an increase of 130% in just one month. This classic technical pattern usually indicates a trend reversal, attracting a large amount of capital into the market, driving prices up rapidly.

0.30 USD strong resistance, retracement to 0.25 USD key area

HBAR encountered significant selling pressure at $0.30, failing to sustain a new high, and the price retraced to the breakout zone of $0.25. This area has currently become the key battleground for bulls and bears. If it can hold, there is hope to challenge the high point again; if it fails to hold, the downside risk significantly increases.

Double top pattern emerging, $0.23 becomes the line of life and death

Recently, HBAR has failed to break through 0.30 USD twice, forming a potential double top structure. If the price falls below the support level of 0.23 USD in trading volume, it will confirm the double top reversal pattern, targeting down to 0.20 USD or even 0.18 USD. This will have a significant impact on the confidence of short-term investors.

Investor Operation Suggestion: Exercise caution and follow key support

Under the current technical structure, investors should operate cautiously and closely follow the performance of the 0.23 dollar support level. If it can hold, there is still a chance for a short-term rebound; if it decisively breaks down, one should guard against further fall risks. It is recommended to adopt risk management strategies such as phased layout and setting stop losses.

Conclusion

After a 130% pump, HBAR is currently facing a critical support level test at $0.25. A double top pattern and downside risks are emerging simultaneously, and investors should remain highly vigilant, flexibly responding to market changes to seize long and short turning points.