Hedera (HBAR) price has been fluctuating, attracting investor attention for its unique approach to distributed ledger technology.
Recent analysis of the HBAR price daily chart indicates a potential double bottom pattern, with strong support near $0.12 and resistance at $0.16–$0.17.
The Relative Strength Index (RSI) suggests mild bearish conditions, but recent upward momentum hints at buyers trying to regain control, with a possibility of a 66.67% gain if HBAR breaks above $0.16.
The next two weeks are crucial for HBAR price action, with a breakout above $0.16 and sustained RSI strength needed to confirm a bullish trend reversal towards $0.20 or higher.