Hedera’s Price Pullback: Could a Resurgence be in the Cards?

The cryptocurrency market experienced significant volatility this past week, with both Bitcoin (BTC) and Ethereum (ETH) declining by over 9%. This correction triggered substantial liquidations – exceeding $1.93 billion across the market – where long positions suffered losses of nearly $1.79 billion in a single day. Hedera (HBAR), one of the major cryptocurrencies affected, dropped over 11%, but the chart reveals an intriguing technical structure that could indicate a potential rebound for HBAR in the coming days.