Renowned technician showcases two similarly-positioned patterns: will Hedera take a swing at a fresh ATH? Continue reading at DailyCoin.
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Hedera Hashgraph’s (HBAR) native coin has been mirroring the cycle bottom structure of 2022. Mimicking this established structure from four years ago, HBARians witnessed a 170% move from multi-year ascending support into the 0.382 Fib pocket and early 2022 resistance. Historical Patterns Merge Now: Will This Boost HBAR? Technical analyst Chart Nerd now says “the 0.382 then rejected price into a higher-low base before a larger breakout.” The 2026 story has been somewhat similar. The popular DLT coin managed to bounce beyond 100% from the multi-year ascending support & equally tagged the Fib 0.382 levels. https://twitter.com/ChartNerdTA/status/2107751469080289547 Touching upon the topic of today’s market pullback, Chart Analyst advised his audience: “Don’t be disheartened by supply resistance, a retrace back to support is pure opportunity”. The 0.382 then rejected price into a higher-low base before a larger breakout. Back then, HBAR soared all the way to $0.56. Most-Plausible HBAR Price Scenario & Open Interest Right now, the confluent resistance above $0.10 comes into focus as Hedera Hashgraph’s (HBAR) market capitalization restores $4 billion, inking $4,090,911,163 at the exact time of publication. On Futures, the daily trading turnaround has also soared by 25%, but not for the most bullish reasons. In fact, leveraged HBAR bulls took in a massive liquidation of $863K out of $870.13K in total. Key sequential pattern at the bottom: Soft bounce from multi-year ascending support. Tag of the HBAR 0.382 Fib + prior price resistance. Rejection and some pullback into a higher-low base. Breakout & continuation higher in subsequent periods. With the Open Interest (OI) funding rate still comfortably in the green, massive lob-sided liquidity flushes like these often precede price stabilization before a big breakthrough, as seen in the aforementioned 2020 example. Delve into DailyCoin’s popular crypto news today:Coinbase Pro Returns Following Deribit Integration: Derivatives Market Opens to US TradersOKX, ICE Plan 24/7 Trading for Tokenized U.S. Stocks