An analyst from LuckSide Crypto Show said Hedera’s HBAR is building what he described as its “most bullish setup of 2026,” citing an inverse head-and-shoulders pattern, improving momentum indicators and a possible shift in capital flows back into digital assets.

The call is drawing attention because HBAR has struggled to push through longer-term trend resistance since May, leaving the token’s behavior around its 50-day moving average closely watched.

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The analyst pointed to about $0.0726 as the key neckline for the chart formation. He said a sustained move above that level could indicate that “it’s kind of go time” for HBAR in the near term, while emphasizing that such a move would not necessarily trigger an immediate market-wide breakout.

Momentum indicators improve as resistance holds

In the YouTube clip, the analyst noted HBAR’s move above its 20-day moving average and its repeated tests of the 50-day moving average, a level the token has reportedly not broken decisively since May. He also said Relative Strength Index readings have been rising from the middle of their range, suggesting room for further upside rather than an overheated market.

According to the analyst, weekly Stochastic RSI has also turned bullish. He compared the current setup with earlier periods that preceded sharp rallies, including a rise from roughly $0.12 to $0.30 after a June 2025 decline and a reported 500% to 600% gain following a similar RSI shift in November 2024.

He presented those examples as technical comparisons rather than forecasts. LuckSide also acknowledged that chart patterns can fail and said a broader crypto downturn would weaken the bullish case.

USDT dominance seen as a broader market signal

Outside of HBAR, the analyst focused on USDT dominance as a measure of whether capital is leaving stablecoins and moving into risk assets. He said the dominance chart had been rejected near a “rainbow regression curve” and was nearing its 200-day moving average, which he views as an important level for major shifts in crypto-market direction.

In his view, a break below that moving average could line up with a broader rally and might only require a 20% to 25% market advance to fuel stronger optimism, FOMO and short-liquidation pressure. He also said Bitcoin is forming an inverse head-and-shoulders structure, with a neckline near $66,500 to $66,800.

Institutional developments may shape the next cycle

The analyst also pointed to tokenization developments, including Wells Fargo’s reported plan to roll out tokenized deposits for corporate clients in the fall, as evidence of growing institutional attention. He argued that Hedera’s partnerships and additions to its governing council could leave HBAR well positioned if enterprise blockchain adoption accelerates in the next cycle.

For traders, that makes the $0.0726 neckline more than a single-chart level: it sits alongside the broader question of whether improving technical signals in HBAR can line up with shifts in Bitcoin and stablecoin dominance. LuckSide said the market may be near a bottom, though he flagged regulatory setbacks, war-related news and a possible stock-market selloff as risks that could alter that view.