HBAR Price Pattern Mirrors Previous Tops, Raising Correction Concerns
Hedera's HBAR price action mirrors historical topping patterns, suggesting a potential correction phase despite reaching full token circulation.Summary
Analysts are warning that Hedera's HBAR price is exhibiting a recurring pattern of cyclical tops followed by sharp retracements, suggesting it may be approaching another correction phase. This historical structure, identified by analyst @MASTERBTCLTC, shows three major peaks along a descending resistance line, which previously led to declines toward accumulation zones between $0.03 and $0.05. Furthermore, the token is trading within a rising wedge formation, often signaling trend exhaustion, near overhead resistance around $0.22.
Separately, analysis by Gilmore_Estates confirms that Hedera's token issuance phase is complete, with nearly 100% of the 50 billion total supply now in circulation. This zero-inflation phase means future price performance will be driven by demand, adoption, and network utility rather than new supply entering the market.
At the time of writing, HBAR traded around $0.16, showing consolidation. With supply saturation reached, market stability is expected, shifting focus to ecosystem growth as the primary driver for long-term valuation.
(Source：Brave New Coin)