HBAR Price Reversal: A Double Bottom Formation Signals Potential Uptrend
The recent price movement of HBAR (HBAR) has marked a significant technical development, as the market begins to break away from its previous downtrend. After an extended period of weakness, HBAR has confirmed a double bottom formation, a classic reversal structure that often signals the end of a bearish phase and the start of a broader recovery. This development has led to the price reclaiming key value-based levels and attempting to stabilize above support, bringing HBAR to a critical point where a continuation of the uptrend becomes increasingly likely if structural levels continue to hold.
Following this confirmation, the focus shifts upward towards the resistance at $0.14, a significant technical barrier that serves as the primary upside target for the current structure. The double bottom pattern forming on the HBAR is technically significant, as it could indicate a transition from a prevailing bearish trend to a new bullish phase. Double bottoms typically form after sustained downward pressure when sellers fail to push the price to new lows on the second attempt, indicating exhaustion. In the case of HBAR, the price formed two clear reaction lows before turning higher, confirming the structure.
Key Technical Points and Market Structure
The main technical points of the HBAR price include the confirmation of a double bottom reversal pattern, the price reclaiming the value range low as bullish support, and the focus shifting upward towards the $0.14 high time frame resistance. From a market structure perspective, HBAR is starting to shift from lower lows and lower highs to a more constructive sequence. While the overall trend reversal is still developing, confirmation of a higher low after the double bottom would further validate the bullish thesis.
HBARUSDT (4H) chart, source: TradingView
The current pullback towards the low of the value area is being interpreted as a bullish retest rather than a sign of weakness. In healthy reversal structures, price often falls back on regained support to confirm demand before continuing higher. As long as this level holds, the double bottom remains valid and active. Furthermore, the next important technical level above the current price is the control point, which represents the area with the highest historical trading volume. Retaking the control point would further strengthen the bullish structure and increase the likelihood of a continuation.
Volume and Momentum Considerations
For the bullish scenario to fully materialize, volume behavior will be crucial. Reversal patterns are most effective when supported by increasing bullish volume, as this confirms real involvement rather than short-term speculation. So far, volume has shown signs of improvement during the recovery from the double bottom, but sustained inflows will be required to push price through intermediate resistance levels. A volume-supported move through the checkpoint would significantly strengthen the case for a rally towards $0.14.
A successful hold followed by retaking the control point would pave the way for a rotation towards the upper resistance level at $0.14. Failure to maintain support would delay the continuation of the uptrend, but would not immediately invalidate the overall reversal unless price breaks back below the double bottom structure. For more information on the HBAR price and its potential developments, visit https://crypto.news/hbar-price-confirms-double-bottom-comes-into-focus/
