HBAR’s price has been playing that game where it climbs three days in a row-like a drunkard trying to walk straight after a few too many. At its highest since October 16, it seems to be basking in a brief moment of glory, though you’d be forgiven for thinking it’s just another seasonal illusion. The crypto market, ever the drama queen, has apparently decided to bounce back-because why not?
- The token’s been gallivanting upwards, making its little three-day parade.
- This charming rally is gossiping in the company of Bitcoin and its altcoin friends, like Ethereum, Solana, Cardano, and Sui-clique goals, right?
- But beware, dear reader, for this might just be a dead-cat bounce or-hold your breath-a bull trap in disguise. 🙃
Hedera (HBAR) has soared to about $0.1800-a hefty 76% leap from its most pathetic lows this year. This CAUTIONARY tale has inflated its market cap to over $7.6 billion, giving hot air to what some might call optimism (or wishful thinking). 🤑
Meanwhile, HBAR is mimicking the moves of Bitcoin and the cool kids of the crypto prom-Ethereum, Solana, Cardano, Sui-showing that a rising tide lifts all boats… or just makes them sink eventually.
The rally is allegedly fueled by hopes that the Federal Reserve, in its infinite wisdom, will keep cutting interest rates at the upcoming meeting. Because nothing screams “risky asset rally” like the Federal Reserve playing peekaboo with rates. Investors are also glued to the spectacle of US-China talks, probably betting they’ll kiss and make up before the big Trump-Xi showdown-talk about high-stakes diplomacy with a dash of gambling.
Yet, behind the shiny veneer, Hedera’s ecosystem is facing its own discouraging realities. Small market share in DeFi and stablecoins despite seemingly trying to hobnob with big names. Its DeFi playground, comprising 23 protocols with a total value locked of $183 million, has seen a 23% shrinkage in just a month. The stablecoin market cap? A mere $103 million-showing that size really does matter in this industry of billions.
HBAR’s Death Cross: The Grim Reaper of Gains
From July’s thrill ride at $0.3052 to a recent nadir of $0.1015, HBAR’s journey has been less “moon landing” and more “crash course.” It’s now at $0.1800, bouncing back like a pinball in some arcade, trying to pretend it’s still relevant.
But here’s the punchline: this rebound might just be the market’s version of a dead-cat bounce-because falling below resistance at $0.2063 is like a fashion faux pas that refuses to go away. The Supertrend indicator still whispers bearishness, and the death cross (50-day crossing below 200-day) is the market’s way of giving us a sinister wink.
If Hedera slides back into its downtrend, watch out for the $0.1500 mark-ruined or redeemed, only time will tell. The bearish character remains unchallenged unless it suddenly and improbably surges above $0.2063, which, with this fairy tale, seems unlikely for the immediate future. 😉
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2025-10-20 18:42