Ah, dear HBAR, you’ve surged 30% from your breakout, prancing like a peacock in full plume, but oh, the RSI flashes a bearish divergence—how dreadfully unfashionable! 😏 It whispers of waning momentum and the ghastly risk of a short-term pullback. Must we always spoil the party with such candor?
Hedera (HBAR) price, in a fit of audacity, broke out of a double bottom pattern, shattering the neckline at $0.229 and soaring to a peak of $0.299 on July 18—revisiting that tiresome high from early May. This escapade boasts a gain of roughly 30% from the breakout point. How charmingly excessive! 😂
The price has since retreated with a sigh, now loitering around $0.267, consolidating above a newfound local support at $0.253. The measured move target from that double bottom caper remains unachieved at $0.333—arrived at by adding the pattern’s depth ($0.229 − $0.125 = $0.104) to the neckline. There’s still room for more folly upward, once this tiresome consolidation concludes. But really, must it drag on?
Yet, the RSI lounges in overbought territory at 73, now turning downward with a yawn, forming a bearish divergence as price hit a higher high while RSI sulked with a slightly lower one. How typical—bullish momentum wanes, hinting at a possible pullback or endless consolidation before another absurd leap. Sarcasm, thy name is market analysis! 😒
On the downside, major support huddles at $0.229, that erstwhile double bottom neckline. Should HBAR price betray the $0.253 local support—which has, admittedly, held firm during this dreary consolidation—then $0.229 might just contain the chaos. But who can predict the whims of finance? Not I, darling. 💸
HBAR’s recent rally was sparked by the grand unveiling of the Valour Hedera Physical Staking ETP on the SIX Swiss Exchange—offering investors a regulated flirtation with HBAR and its staking rewards. How delightfully civilized, to wrap speculation in such pompous attire! 😌
Gazing into the crystal ball, the U.S. Securities and Exchange Commission ponders a Hedera ETF proposal from Canary Capital, slated for Nasdaq. They’ve extended their indecision until September. If approved—which analysts, in their infinite optimism, deem probable—the ETF could unleash a torrent of buying, propelling HBAR to new heights. Or, perish the thought, it might all end in tears. How droll! 😂
More pressingly, Hedera prepares to upgrade its mainnet to version 0.63 on July 23, bestowing performance tweaks and backend enhancements. Though it promises no upheaval to HBAR’s tokenomics or utility, it may bolster faith in the network’s dependability. Because, after all, what’s a little upgrade among friends? Utterly riveting, I’m sure. 😏
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2025-07-22 10:18