Hedera (HBAR) surges 26% as Bitcoin hits $118K all-time high

Generated by AI AgentCoin World
Saturday, Jul 12, 2025 3:05 am ET1min read
ETH
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HBAR
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Hedera (HBAR) has shown a strong performance this week, with a 26% gain, outpacing many other major altcoins. This surge comes as the cryptocurrency market reaches a historic moment, with Bitcoin (BTC) hitting a new all-time high of $118K and

Ethereum
(ETH) posting a 17% weekly gain.

A key harmonic pattern on the

HBAR
chart suggests that this rally could be just the beginning. The daily chart of HBAR reveals a textbook Bearish Gartley harmonic pattern, which is known for signaling upcoming trend reversals or the end of retracements. This pattern starts from point X at around $0.2861, followed by a dip to A, a bounce to B, and a final leg down to C near $0.1560. Since then, HBAR has reversed strongly and is now trading near $0.1966, holding above the 100-day moving average, which has become strong short-term support.

The next significant test for HBAR is approaching the 200-day moving average at $0.21, a level that has previously acted as resistance during rallies. If HBAR can break above this level with volume, it would confirm the harmonic setup and could push the token towards the Potential Reversal Zone (PRZ), which lies between $0.2526 and $0.2871. These levels align with the 0.786 and 1.0 Fibonacci extensions, typical for the completion of a Bearish Gartley pattern. From the current price, this would imply a potential 46% rally.

However, if the price fails to reclaim the 200-day moving average, a temporary pullback toward the 100-day moving average ($0.1724) could occur before another attempt. This scenario underscores the importance of monitoring HBAR's performance at these critical levels.

In summary, the formation of a Bearish Gartley harmonic pattern on the HBAR chart suggests a potential upside move. If HBAR can break above the 200-day moving average, it could signal a continuation of the rally, with a potential 46% increase in value. However, investors should be prepared for a possible pullback if the price fails to reclaim this level. As always, it is crucial to conduct thorough research and consider all factors before making any investment decisions.