Hedera Hashgraph Faces 20% Surge Despite Bearish Trend

Hedera Hashgraph (HBAR) is currently navigating a critical juncture, testing a significant resistance zone that mirrors a previous macro lower high. This technical setup has raised concerns among analysts about the potential for another macro lower high, which could lead to further declines in HBAR's value. The current price action indicates that HBAR is encountering strong resistance, and a failure to break through this level could signal a continuation of the bearish trend.

The high time frame structure for Hedera remains bearish, with price action following a pattern of lower highs and lower lows. The last major swing high formed when the price tapped into the point of control and 0.618 Fibonacci retracement, exactly where Hedera is currently positioned. This confluence is significant as it signals a zone where sellers have historically taken control. The volume profile shows no strong buy-side aggression, and the market is approaching this resistance with muted momentum. Without a convincing close above the level, this resistance test is likely another rejection within a larger downtrend.

The risk here is that this setup could form a new macro lower high, paving the way for a continuation move downward. The next key support below the current swing low sits at $0.12. A break below that would confirm the next leg down in this ongoing bearish structure. If Hedera confirms a rejection here, especially with a strong daily close below resistance, it is highly likely that we will see a rotation back toward the $0.12 region. This would not only continue the downtrend but also establish a fresh lower low.

However, if the resistance is broken with volume and sustained candles, it could temporarily flip the bias to bullish. But until then, trend traders will view this as a short opportunity at key resistance. The broader cryptocurrency market has shown signs of recovery, with HBAR surging over 20% in the past week. This bullish momentum is part of a broader trend in the crypto market, driven by increasing investor optimism and macroeconomic uncertainty. The recent surge in Bitcoin's price, which has hit a seven-week high, has also contributed to the positive sentiment in the market. Bitcoin's price trajectory has closely tracked gold's climb, staging a 20% recovery in just two weeks, despite continued tariff tensions between major economies. This has led to a wave of capital flowing out of U.S. dollars and Treasuries into global safe havens like gold, European bonds—and Bitcoin.

The geopolitical climate, fueled by trade tensions and inflation fears, has positioned Bitcoin as a potential safe haven in a world searching for stability. As traditional tools of economic power get tested, Bitcoin has become a loud voice in the conversation around where money flows. This has led to a broader conversation around the role of cryptocurrencies in the global economy, with many investors looking to diversify their portfolios with digital assets. The recent surge in Bitcoin's price has also led to increased interest in altcoins, with many investors looking to capitalize on the bullish momentum. This has led to a surge in the prices of various altcoins, including Solana, which has crossed its $150 resistance and is currently trading around the $152 level. Solana's infrastructure strength and enterprise appeal position it as a cornerstone of the next crypto phase, with institutional money following momentum and developers and major investors alike favoring its high throughput and low fees.

The current situation with HBAR highlights the importance of monitoring key resistance levels and understanding the broader market trends. While the recent surge in Bitcoin's price has contributed to a positive sentiment in the market, the potential formation of another macro lower high for HBAR could signal a bearish trend. Investors should remain cautious and monitor the situation closely, as the cryptocurrency market is known for its volatility and unpredictability.