Hedera (HBAR) is showing signs of a potential bullish reversal as buying interest strengthens around a key support area. At the same time, Hedera’s KiloScribe integration is expanding the network’s on-chain storage capabilities, giving creators a more accessible way to preserve digital content through blockchain-based publishing.

At the time of writing, HBAR is trading at $0.07300, with a 24-hour trading volume of $98.16 million and a market capitalization of $3.2 billion. After rising 4.45% over the past 24 hours, the token’s price structure and network growth are being watched for signs of a possible reversal.

Source: CoinMarketCap

Also Read: HBAR Price Could Rally 3x as Hedera Network Activity Reaches ATH

HBAR Price Signals Bullish Reversal Toward $0.40

According to crypto analyst Crypto With Gopal, HBAR is forming a potential double-bottom pattern on its daily chart, with the price hovering near $0.072.

A double bottom is a classic technical-analysis reversal formation: two lows at roughly the same level suggest a support zone is holding, but the setup is only treated as complete once price breaks above the neckline between the two troughs.

The setup shows two major lows in roughly the same support zone, which may indicate that sellers are losing control. The main support remains near $0.07, while traders are watching for whether buying pressure can build into a broader long-term reversal.

Source: Crypto With Gopal’s X Post

The key confirmation level is in the $0.21-$0.22 range, which serves as the neckline of the pattern.

A breakout above that level would confirm the formation and could open the way for a move toward the $0.40 area. Until that breakout occurs, however, the bullish setup remains only a hypothesis.

Hedera Expands On-Chain Storage With KiloScribe

Hedera also highlighted its creator-focused ecosystem through KiloScribe, a no-code platform that allows users to write digital data directly to the network.

Hedera itself is a proof-of-stake public network built on the hashgraph consensus algorithm and governed by a council of enterprise members, with transaction fees paid in HBAR. That means publishing activity from tools like KiloScribe shows up as network usage rather than only as token-trading volume.

The integration is designed to help creators produce Hashinals from files, games, websites, and other assets. Hashinals are Hedera’s version of the inscription trend popularized on Bitcoin and other blockchains, in which data is written directly on-chain. It also gives users a way to write on-chain data without needing prior experience with blockchain technology.

Hedera is built to connect. 🌐 @KiloScribeApp brings no-code on-chain storage and inscription to the ecosystem, giving creators a way to mint files, games, and websites as permanent Hashinals on Hedera. pic.twitter.com/WDZrDpCx6f — Hedera (@hedera) August 20, 2026

Hedera is built to connect. 🌐 @KiloScribeApp brings no-code on-chain storage and inscription to the ecosystem, giving creators a way to mint files, games, and websites as permanent Hashinals on Hedera. pic.twitter.com/WDZrDpCx6f

The integration also supports Hedera’s push to encourage real-world blockchain use cases beyond token trading and collecting. KiloScribe’s utility lies in helping creators keep a blockchain-based record of digital content while reducing technical barriers. Because blockchain records are timestamped and immutable, such inscriptions can function as a verifiable provenance trail for digital work.

What Happens Next?

HBAR’s next move will depend on whether buyers can defend the $0.07 support level and push the price toward the $0.21-$0.22 neckline.

A breakout above that resistance would confirm the double-bottom setup and increase the chances of a move toward $0.40. Separately, broader use of KiloScribe could continue to support Hedera’s ecosystem development.

Also Read: HBAR Price Prediction: Bullish Breakout and Hedera Adoption Point to $0.073 Target

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.