Since then, HBAR’s price has formed higher lows and gradually higher highs. This shift signals a strengthening trend structure on the 4-hour chart.
However, a strong horizontal barrier sits around $0.10. That zone rejected the price earlier.
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Therefore, bulls must clear it to confirm continuation.
Meanwhile, the Chaikin Money Flow (CMF) reads 0.22. That indicates sustained capital inflows. Buyers are not just bidding HBAR’s price up; they are supporting it with volume-weighted demand.
Similarly, the Awesome Oscillator (AO) has crossed above zero and is printing green bars. Momentum is expanding again.
As it stands, HBAR’s price is approaching a decision point. If the asset breaks above $0.11, a notable move towards the upper-level resistance could follow quickly.
Long Positions Increase
A shift is also visible in derivatives’ sentiment. HBAR’s funding rate has turned positive, now at 0.0045%, indicating that long traders are beginning to dominate positioning.
This suggests growing confidence in further upside, as market participants are willing to pay a premium to maintain bullish exposure.
However, rising funding can also increase the risk of crowded longs, potentially triggering short-term volatility if sentiment shifts.
Hedera has broken out of its falling wedge channel, signaling a potential shift in structure after months of sustained downside pressure.
On the daily chart, HBAR’s price pushed above the wedge’s upper trendline following a rebound from the $0.072 support zone.
That level marked the macro floor and aligned with the zero Fibonacci retracement, making the reaction technically significant.
The breakout suggests bearish momentum has weakened and buyers are beginning to regain control.
Price now trades around $0.10 and is attempting to stabilize above the former resistance line.
This area must hold. If bulls maintain strength, the next immediate barrier sits at $0.12, which aligns with the 0.236 Fibonacci level.
Thus, a daily close above that region would likely open the door toward $0.15 at the 0.382 retracement.
Momentum supports the move. The Money Flow Index (MFI) remains above 50, indicating steady capital inflow rather than speculative spikes.
At the same time, Bull Bear Power (BBP) has turned slightly positive after an extended bearish stretch, reinforcing the idea that sellers are losing dominance.
However, follow-through is critical. Breakouts without volume and continuation often fail. A rejection near $0.12 could send HBAR’s price back toward $0.091 for a retest.
However, a drop below $0.072 would invalidate the bullish thesis entirely. For now, the structure has shifted in favor of buyers as the breakout is clear.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
