Hedera (HBAR) shows signs of a double-bottom reversal on its daily chart, with upside targets for the HBAR price depending on a resistance breakout. Simultaneously, strong double-digit growth in its real-world asset ecosystem highlights expanding institutional adoption of network infrastructure for tokenized financial instruments.
At the time of writing, HBAR is trading at $0.07360 with a 24-hour trading volume of $45.48 million and a market capitalization of $3.22 billion. Despite the 2.03% loss over the last 24 hours, the HBAR price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: HBAR Price Eyes $0.25 Breakout as Bullish Reversal Signals Strengthen
HBAR Price Eyes $0.39 as Double Bottom Forms
According to the crypto analyst, Crypto With Gopal, the HBAR price is showing signs of a potential bullish reversal on its daily chart after a prolonged downtrend.
The HBAR price chart appears to be forming a double-bottom pattern, with both lows developing near the $0.075 area. This structure suggests selling pressure may be weakening, but confirmation remains dependent on a decisive breakout above the pattern’s neckline near $0.22.
Source: Crypto With Gopal’s X Post
Any breach of $0.22 on a consistent basis would confirm the double bottom pattern and give bulls a boost towards the measured objective at $0.34-$0.39.
Until the neckline is violated, though, the formation will only be seen as a possible reversal pattern. Traders can still use $0.075 as key support and $0.22 as resistance.
Hedera RWA Value Surges 21% to $94 Million
The data from the RWA Foundation further highlighted that the physical asset system of Hedera is gaining traction, with the distributed value of RWAs increasing by 21% in the past 30 days, reaching a total value of $94 million.
This growth shows an increasing level of activity within the tokenization of assets on Hedera, suggesting that Hedera is becoming increasingly popular as blockchain technology for traditional finance.
Source: RWA Foundation’s X Post
This new growth will help Hedera in establishing its presence in the fast-growing market of tokenization, in which institutions are looking at the use of blockchain technology for settlement, ownership, and asset management.
Continued RWA growth may turn out to be a major factor in helping Hedera in this regard, especially in case more financial instruments come into the ecosystem.
Despite the bullish price predictions and RWA expansion, the ONDO price is moving in a downward direction. This move is also impacted by the general trend in the crypto market as the BTC price has started to move downward.
What Comes Next?
There is room for further consolidation around significant support, as traders are looking out for a breakout above $0.22.
Holding $0.075 will keep the bullish outlook intact, while a breakout above the neckline may push the HBAR price to $0.34–$0.39. Adoption of real-world assets can be another factor working in favor of Hedera.
Also Read: HBAR Price Analysis: HBAR Bulls Eye $0.087 Amid Rising Network Activity
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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