HBAR Price Retreats to $0.25 Despite Strong July Rally and Technical Breakout Signals
The post HBAR Price Retreats to $0.25 Despite Strong July Rally and Technical Breakout Signals appeared on BitcoinEthereumNews.com.
Tony Kim Jul 24, 2025 19:26 HBAR trades at $0.25 after July’s 100%+ surge, with technical indicators showing bullish momentum despite recent 3.9% pullback from resistance levels. Quick Take • HBAR currently trading at $0.25 (-1.42% in 24h) • Hedera’s RSI remains in neutral zone at 61.00 following recent overbought conditions • Mainnet upgrade to version 0.63 completed with performance improvements What’s Driving Hedera Price Today? Despite completing a successful mainnet upgrade to version 0.63 yesterday, HBAR price continues to face selling pressure following its recent parabolic move. The upgrade introduced internal performance improvements without altering HBAR’s core functionality, fees, or staking mechanisms, resulting in a neutral market reaction. The current pullback stems from profit-taking activity after HBAR’s extraordinary July performance. The token surged over 100% this month, climbing from approximately $0.15 to peaks around $0.28-$0.29 before encountering resistance. Yesterday’s 3.9% decline to $0.27 marked the beginning of what analysts anticipated as natural consolidation following such dramatic gains. This retracement aligns with trader recommendations from July 19th suggesting profit-taking strategies after the 75% rally. The selling pressure intensified as HBAR price approached the $0.30 resistance level, where technical barriers have proven formidable. HBAR Technical Analysis: Bullish Signals Emerge Despite Pullback Hedera technical analysis reveals a complex but ultimately bullish picture. HBAR’s RSI sits at 61.00, having cooled from overbought territory while maintaining neutral-to-bullish momentum. This positioning suggests the recent selling pressure may be temporary rather than a trend reversal. The MACD indicator shows continued bullish momentum for Hedera, with the MACD line at 0.0258 above the signal line at 0.0249. The positive histogram reading of 0.0010 confirms buying pressure remains intact despite the surface-level price weakness. Hedera’s moving average structure supports the bullish thesis. The token trades above its 50-day SMA at…
