HBAR targets $0.34 as double-bottom pattern and RWA growth signal reversal

Hedera (HBAR) may be entering a bullish phase as technical analysis points to a possible double-bottom reversal pattern on its daily chart, accompanied by notable growth in real-world asset (RWA) adoption across its network.

Double-bottom pattern hints at bullish reversal

HBAR is currently priced at $0.07360, with trading volume over the last 24 hours reaching $45.48 million and a market capitalization standing at $3.22 billion. Although HBAR declined by 2.03% in 24 hours, analysts see positive technical developments that could prompt a significant shift in momentum.

Crypto analyst Crypto With Gopal indicated that HBAR is showing early signs of a bullish reversal following an extended downtrend. The recent price action is forming a double-bottom pattern, with both lows situated near $0.075. This structure often suggests that downward selling pressure is easing, but further confirmation is necessary through a clear breakout above the neckline at $0.22.

A move above $0.22 could validate this pattern and potentially allow HBAR to reach upside targets within the $0.34–$0.39 range. However, until a breakout occurs, traders may look to $0.075 as foundational support and $0.22 as the key resistance level shaping price action.

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With HBAR consolidating near $0.075 and resistance at $0.22, analysts see a possible double-bottom reversal, provided the neckline is breached.

RWA growth highlights institutional adoption

The RWA Foundation reported that Hedera’s network has experienced a sharp 21% increase in the total distributed value of real-world assets over the last 30 days, pushing the sum to $94 million. This trend reflects heightened activity as institutions adopt Hedera’s infrastructure to tokenize financial instruments and manage traditional assets using blockchain.

The rise in RWA volume highlights Hedera’s growing role in the emerging tokenization sector, where blockchain is utilized for settlement, ownership, and asset management, and where demand from traditional finance is rising.

If this elevated level of RWA activity continues, analysts suggest it could further underpin Hedera’s position among institutional-grade blockchain platforms.

Mini dictionary: RWA Foundation, an initiative focusing on accelerating the tokenization and management of real-world, physical assets on blockchain networks, collaborates with blockchain firms and financial institutions to broaden adoption of digital asset infrastructure.

Market context and near-term outlook

Despite the optimistic indicators for HBAR, other digital assets such as ONDO have moved lower, echoing broader downward trends in the cryptocurrency market influenced by recent declines in Bitcoin’s price.

According to market observers, there is potential for consolidation around major support as traders monitor the $0.22 resistance for a sustained breakout. If support above $0.075 holds, the bullish structure for HBAR remains preserved, while a clear breach above the neckline could drive prices toward $0.34–$0.39.

The continued expansion of real-world asset adoption may play a central role in shaping Hedera’s future prospects, especially if new financial products are integrated into the ecosystem.

HBAR’s bullish technical setup relies on breaking the $0.22 neckline, with traders watching for a move toward $0.34–$0.39 if momentum builds and network growth persists.