HBAR breakout continuation faces test as RSI flashes bearish divergence
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 22 2025Price Movement and Technical Analysis: HBAR has experienced a 30% surge following a breakout from a double bottom pattern, reaching $0.299, but faces potential short-term pullback due to bearish RSI divergence and overbought conditions.
Future Developments and Support Levels: Upcoming events include the launch of a Hedera ETF proposal and a mainnet upgrade on July 23, while key support levels are identified at $0.253 and $0.229, which may influence future price movements.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
