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The post <a href="https://coinpedia.org/price-analysis/hbar-price-stagnant-despite-double-bottom-breakout/">HBAR Price Stagnant Despite Double Bottom Breakout!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a bullish recovery in motion, the HBAR price takes a second attempt to break above the $0.075 mark. This attempt leads to a bullish pattern in the daily chart and increases the likelihood of a trend continuation. However, the market conditions lead to a short-term red ocean phase for altcoins.&nbsp; 
With the pullback in Bitcoin to $40K, the buyers are exiting altcoins under high FUD emotions. Nevertheless, a bounce back can lead the market to normal conditions and revive the bullish emotions.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2023/12/13142120/HBARUSD_2023-12-13_13-13-20-1024x485.png" alt="" class="wp-image-253214" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/13142120/HBARUSD_2023-12-13_13-13-20-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/13142120/HBARUSD_2023-12-13_13-13-20-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/13142120/HBARUSD_2023-12-13_13-13-20-768x364.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/13142120/HBARUSD_2023-12-13_13-13-20-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/13142120/HBARUSD_2023-12-13_13-13-20-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/13142120/HBARUSD_2023-12-13_13-13-20.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/unoqANFO/">TradingView</a> 
The recovery rally in HBAR price extended with the overall market recovery over the past two months, breaking through multiple overhead resistances. Additionally, with a notable increase of 60% within 60 days, the altcoin price reclaims the $0.070 mark but shows a bullish struggle to go further. 
Facing enormous supply at levels above, the recovery rally takes a short pullback and takes a lateral shift above the broken trendline. Therefore, despite the double-bottom breakout, the HBAR price consolidates below the $0.075 mark.&nbsp; 
Nevertheless, as long as the HBAR price trend sustains above the broken trendline, the buyers can revive the bull run. Currently, the altcoin prices trade at $0.073 with an intraday fall of 2.81%, reflecting a strong supply force today. 
Technical indicator: 
MACD indicator: The MACD and signal lines trend higher but struggle to sustain the bullish gap, teasing a crossover.&nbsp; 
EMAs: Following the golden crossover, the HBAR price trend may find dynamic support at the 50D EMA.&nbsp; 
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-above-0-075">Will HBAR Price Rise Above $0.075?</h2> 
After the double bottom breakout and the golden crossover confirmed a major trend reversal, the HBAR price trend continued its dominant bull run. However, the market recovery stalled due to a bitcoin pullback, halting the uptrend in Hedera. 
Nevertheless, if the momentum revives, then the breakout rally will cross the $0.075 mark. Considering the buyers reclaim the $0.075 post, the high-speed recovery can cross the psychological mark of $0.10.&nbsp; 
If the buyers fail to dominate, the market price can plunge to $0.060.

HBAR Price Stagnant Despite Double Bottom Breakout!

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