Hedera (HBAR) is showing fresh signs of life this week. The price jumped more than 14% on Monday to around $0.195, while trading volume more than doubled to $414 million, according to CoinMarketCap. The move pushed Hedera’s market cap past $8.3 billion, placing it among the day’s top gainers in the mid-cap range.
On-chain activity also looks stronger. Hedera’s total value locked (TVL) rose 7.4% to $104 million, led by Stader and SaucerSwap, two of the network’s biggest DeFi protocols. Hedera’s ecosystem has been quietly expanding, with app fees and network revenue holding steady.
Traders Spot a Double Bottom
The latest uptick seems tied to a double-bottom pattern forming on lower timeframes, a bullish setup that often precedes a reversal.
“All the signs are there,” wrote AllInCrypto on X. “Double bottom on smaller time frames for Hedera $HBAR – green week ahead.”
The pattern shows buyers defending the $0.17–$0.18 zone after weeks of gradual decline, hinting that sentiment may finally be flipping in favor of bulls.
Technically, the market is heating up, but not without risk. The 1-day RSI sits near 54, suggesting moderate strength, while several moving averages (10, 20, and 30 EMA) have flipped to buy signals.
Ai-enabled crypto analysis tool Unknown.AI cautioned that the 1H and 15M charts are already overbought (RSI > 70), meaning short-term traders might face a small cooldown before the next push.
“A clean breakout and hold above $0.194,” the tool noted, “could set up a run toward $0.20 and possibly $0.23.”
Furthermore, ZAYK Charts drew comparisons to a similar breakout earlier this year that triggered a 70–80% rally before consolidation.
At present, Hedera (HBAR) is regaining momentum after a difficult October. The overall setup is promising; however, with momentum indicators signaling strongly, traders will likely want to see a confirmed daily close above $0.20 before declaring a breakout.
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