HBAR’s Rollercoaster Ride: From Bear Market to Golden Cross Shenanigans 🐻📉

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Hedera Hashgraph token decided to play the role of a deflated balloon on July 24, mirroring the dramatic performance of most altcoins. Who needs excitement when you can just plummet into a local bear market? 🐻

Let’s break it down, shall we?

  • HBAR price has moved to a local bear market as Bitcoin and most altcoins pulled back. Classic group project failure.
  • Hedera may rebound as the total stablecoin market capitalization nears a record high. Because nothing says “rebound” like a stablecoin arms race.
  • HBAR token has formed a golden cross and a break-and-retest pattern on the daily chart. Chart patterns: because lines and dots know your future better than your therapist.

HBAR price plummeted to an intraday low of $0.2318, entering a local bear market after a 22% decline from its highest point this month. If this were a movie, it would be titled “The Fall of HBAR: A Tragicomedy in Four Acts.”

Stader token jump and stablecoin growth

HBAR price has some potential bullish catalysts that may lead to a comeback. First, there are signs that its ecosystem is doing well, with Stader (SD) token jumping by over 50% in the last 24 hours and 137% in the last seven days. Stader’s SD token is basically the class clown of dApps—always causing a scene.

Stader is the biggest dApp in its ecosystem with over $109 million in assets. Its platform enables users to stake their HBAR tokens and generate a monthly return. Stader’s assets have jumped by over 36% in the last 30 days. If this were a gym, Stader would be the one doing pull-ups while everyone else is still tying their shoes.

Other dApps in Hedera’s ecosystem have continued growing this month. SaucerSwap’s TVL has jumped by 51% in the last 30 days to over $68 million, while Bonzo Finance’s assets have soared by 83% to $47 million. Hedera’s ecosystem is like a family reunion—everyone’s bringing something to the table, even if it’s just a questionable casserole.

HBAR price will also benefit from the potential approval of a spot Hedera exchange-traded fund by the Securities and Exchange Commission. Bloomberg’s Eric Balchunas believes the odds of Grayscale’s and Canary’s ETF approval are significantly high. Because nothing says “trust us” like handing your money to a fund named after a bird.

Recent data shows that there is strong demand for both Bitcoin and altcoin ETFs. Bitcoin (BTC) ETFs have had over $54 in inflows since inception, while Ethereum have had $8.65 billion. If this were a buffet, Bitcoin would be the main course and Ethereum the side salad—both overpriced but somehow still popular.

HBAR price technical analysis

The daily timeframe shows that the HBAR crypto price has pulled back in the past few days, moving from a high of $0.2977 to $0.2280. Its lowest level was notable because it coincided with the neckline of the double-bottom pattern at $0.1260. Technical analysis: because if you stare at a chart long enough, it’ll start whispering secrets in your ear.

Falling to that price is notable because it is a sign of a break-and-retest chart pattern, a popular continuation sign. Most importantly, Hedera price has formed a highly bullish golden cross pattern, which happens when the 50-day and 200-day moving averages cross each other. The golden cross, a chart pattern so revered it’s practically a holy relic in crypto circles.

Therefore, the most likely scenario is where Hedera bounces back, and possibly retests this month’s high of $0.2977. A move above that level will indicate further upside to $0.3292. This target is derived by measuring the height of the double-bottom and the same distance from the neckline. Technical analysis: because math and hope are the same thing.

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2025-07-24 21:50