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HBAR forms bullish falling wedge amid market drop, bulls must hold $0.066 to avoid deeper losses.

Technical Signals
28 Jul 2026
Dailycoin
View Source
Neutral
pluang ai news

HBAR, Hedera's native token, dropped about 4% in 24 hours following a broader market decline but formed a classic bullish falling wedge pattern. This technical setup suggests selling pressure is easing, and buyers are defending support around $0.066. If HBAR holds above this level, it could target $0.072, signaling a potential recovery. However, bearish indicators like negative True Strength Index and active whale selling caution investors, while low trading volumes and a bearish short-to-long ratio add risk. Bulls need to maintain momentum to prevent a drop to the $0.059 demand floor.

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