What to Make of the HBAR Price Increase? | Credit: Hameem Sarwar
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Key Takeaways
Hedera (HBAR) has created a bullish triple bottom pattern.
Hedera follows a long-term diagonal resistance trend line.
Can Hedera complete its bullish pattern with a breakout above resistance?
Hedera’s (HBAR) price has recovered admirably after its crash on Oct. 10, creating several higher lows.
The most recent one was on November 7 and led to a significant bounce, taking HBAR close to its long-term diagonal resistance trendline.
Although the rally has been substantial, the trend cannot be considered bullish until the Hedera price clears this resistance level.
Let’s examine the charts and figure out if that is likely to happen.
Hedera’s Bullish Pattern
The daily time frame price action indicates that Hedera has been falling under a diagonal resistance trend line since July 2025.
Hedera’s downward movement was initially gradual but accelerated in October, culminating in a low of $0.100 on October 10.
Although the breakdown did not last long, the HBAR price broke its bullish structure and reached the $0.130 horizontal support level.
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This led to the creation of a long lower wick and several higher lows over the next few weeks.
Another interesting development is that the HBAR price has formed a triple bottom pattern, accompanied by bullish divergences (indicated by the orange lines) in the Relative Strength Index (RSI).
Following this bullish pattern, the price of HBAR began an upward movement and reached the descending trend line of resistance.
Momentum indicators are moving upward, and if the Hedera price breaks out from its resistance, it will confirm that the downward trend is over.
In that case, the next critical resistance will be at $0.220, after which the HBAR price could gradually move toward its yearly high.
Long-Term Hedera Prediction
While the daily time frame chart is promising, the weekly one casts doubt on the rally’s sustainability and suggests that even if HBAR breaks out from its diagonal resistance, its long-term trend remains bearish for now.
Instead, Hedera has completed an upward A-B-C structure (red), which, by Elliott Wave rules, dictates that the downward movement is impulsive while the bounce is corrective.
Additionally, the RSI is below 50, and the Moving Average Convergence/Divergence (MACD) is negative, both of which are signs of a bearish trend.
As a result, even if the HBAR price breaks out from its diagonal resistance (dashed), it will need to clear the long-term resistance at 0.255 to confirm a bullish prediction.
What Will Happen Next?
In conclusion, Hedera’s recent price action, along with the formation of a triple bottom pattern, suggests that bullish momentum is building.
More confirmation is needed, however, since only a decisive breakout above the diagonal resistance could mark the start of a sustained recovery.
Until HBAR clears the $0.255 long-term resistance, the broader trend could still be bearish.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
