Market Overview: Hedera Hashgraph (HBARUSDT) Sees Strong 24-Hour Rally

• Hedera Hashgraph (HBARUSDT) surged from $0.24336 to a 24-hour high of $0.286, driven by strong buying momentum in late afternoon and evening ET.
• A bullish engulfing pattern formed around $0.25–0.255, confirming a shift from bearish to bullish sentiment.
• Volatility spiked in the 15-minute chart, with price breaking above $0.27 for the first time in the last 72 hours.
• RSI crossed into overbought territory above 70, indicating a potential pullback or consolidation phase.
• Turnover surged to $28.6M on the back of large-volume buys during the $0.275–0.286 rally.

Hedera Hashgraph (HBARUSDT) opened at $0.24336 on July 25, 12:00 ET, and closed at $0.28116 on July 26, 12:00 ET, with a high of $0.286 and a low of $0.24311. Total volume reached 133,289,333 HBAR, with a notional turnover of $28.6 million.

Structure & Formations

Price formed a strong bullish engulfing pattern around $0.25–0.255, suggesting a reversal from a downtrend to an uptrend. A key support level appears to be $0.243–0.246, where price found repeated buying interest. A resistance cluster formed between $0.26–0.27, which was decisively broken by midday ET.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed above key support levels around $0.245–0.25, confirming a shift in momentum. On the daily chart, the 50-period MA sits at $0.238, and the 200-period MA at $0.226, suggesting a potential long-term bullish bias.

MACD & RSI

The MACD crossed above zero during the $0.26–0.27 rally, confirming the bullish breakout. RSI surged to 72–76 in the final hours of trading, signaling overbought conditions, which may lead to a short-term correction or consolidation.

Bollinger Bands

Volatility expanded significantly during the $0.25–0.286 move, with price reaching the upper band at $0.286. The Bollinger Band width increased by over 30%, indicating heightened market activity and potential for further price discovery.

Volume & Turnover

Volume spiked during the $0.26–0.27 and $0.27–0.286 moves, with the largest volume observed between 14:00–15:45 ET, when the price surged from $0.279 to $0.286. Turnover confirmed price action, with no significant divergence noted.

Fibonacci Retracements

Fibonacci levels on the $0.243–0.286 swing identified $0.268 (38.2%) and $0.258 (61.8%) as key levels. Price held above the 61.8% retracement, suggesting strong buying interest above $0.258.

HBARUSDT appears to be entering a new bullish phase, supported by strong volume, a breakout above key resistance, and a bullish engulfing pattern. However, RSI overbought conditions and a potential pullback toward $0.26–0.27 should be closely watched. Investors may consider short-term long positions with stop-losses near $0.255, while monitoring for signs of a consolidation or reversal in the next 24 hours.