Date: Sat, July 12, 2025 | 06:32 AM GMT
The cryptocurrency market has reached a historic moment as Bitcoin (BTC) surged to a new all-time high of $118K. Ethereum (ETH) also posted an impressive 17% weekly gain, reinforcing bullish sentiment across the major altcoins.
Among the standout performers, Hedera (HBAR) is back on a bullish path with a strong 26% gain this week. But what makes things even more exciting is a key harmonic pattern on the chart, which hints that this rally could just be getting started.
Harmonic Pattern Hints at Upside Continuation
A closer look at the daily chart of HBAR reveals the formation of a textbook Bearish Gartley harmonic pattern — a well-known structure that often signals upcoming trend reversals or the end of retracements.
The 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, while holding above the 100-day moving average, which has now become strong short-term support.
The next big test lies ahead — HBAR is approaching the 200-day MA at $0.21, a level that has acted as resistance during previous rallies.
What’s Next for HBAR?
If HBAR can break above the 200-day MA with volume, it would signal a confirmation of 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, which are typical for the completion of a Bearish Gartley pattern. From the current price, this would mean a potential 46% rally.
However, if the price fails to reclaim the 200 MA, a temporary pullback toward the 100-day MA ($0.1724) could occur before another attempt.
Disclaimer: This article is for informational purposes only and reflects the writer’s personal views. It should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.