- EGRAG Crypto’s chart analysis indicates a firm bullish double bottom.
- AUDD stablecoin integration enhances Hedera’s cross-chain payment capabilities.
Hedera’s native token, HBAR, is showing strong bullish momentum with rising trading volumes and positive market sentiment. EGRAG Crypto identified a “double bottom” pattern on HBAR’s chart, a formation historically linked with sharp reversals.
According to the analyst, the current structure closely mirrors HBAR’s 2021 rally, where the token surged over 450% after forming a similar base. The recent 69% correction is also identical to a past retracement, reinforcing the likelihood of a repeated cycle.
The fractal pattern projects three breakout targets: TK-1 at $0.11, TK-2 at $0.19, and TK-3 at $0.28. EGRAG highlighted the critical timeframe between July 21 and September 15, 2025, as the window in which bullish momentum may peak. This projection implies a potential gain of 1,625% if the pattern plays out in full.
Price Movement Shows Strength Ahead of Key Resistance
At press time, HBAR is trading at $0.1528 after an 8.49% daily increase. The price rebounded from a low of $0.1392, indicating renewed buying interest. Trading volume rose by 28.06%, suggesting growing market participation. Hedera’s market capitalization now stands at $6.47 billion.
The immediate support level is identified at $0.145, where the price previously consolidated before its upward move. Resistance lies near $0.155, where HBAR faced a temporary rejection. A sustained breakout above this level could pave the way for continued gains, aligning with EGRAG’s bullish forecast.
AUDD Launch Expands Hedera’s Stablecoin Utility
CoinCryptoNewz recently reported that Hedera has also marked a milestone with the launch of AUDD, the first stablecoin deployed via its Stablecoin Studio. Issued by AUDC Pty Ltd, AUDD became the first Australian dollar stablecoin to be natively integrated with the Hedera Token Service. The Hedera Foundation supported the launch and enables low-cost, real-time transfers with fixed transaction fees of $0.001.
According to AUDC CEO Effie Dimitropoulos, AUDD will support secure and compliant digital value exchange. HBAR Inc’s Sabrina Tachdjian noted that AUDD aligns with Hedera’s broader fintech strategy.
AUDD is also interoperable with Ethereum, Stellar, XRPL, Solana, and XDC, positioning it for cross-chain programmable payments, ESG use cases, and tokenized trade systems.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
