HBAR’s recent 12% surge to $0.19 has crypto circles buzzing, as the token defies its ominous “Death Cross” with unexpected vigor. While the April 13 technical signal—marked by the 200-day EMA sinking below the 50-day EMA—initially spooked traders, HBAR’s bullish rebound suggests this bearish omen could dissolve faster than a meme coin’s hype.
The altcoin now teeters at the $0.20 threshold, a resistance level unbreached since March. But this time, momentum tells a different story. Sustained positive funding rates reveal a market hungry for long positions, with traders betting heavily on HBAR’s upside. The token’s resilience hints at a macro shift: what if the Death Cross was merely a head fake in a larger recovery narrative?
A decisive close above $0.20 could ignite a chain reaction, transforming stubborn resistance into a springboard. Targets then shift to $0.22, potentially ending two months of consolidation. While skeptics note HBAR’s history of false breakouts, the alignment of bullish technicals and market sentiment paints a compelling case—this rally might just be the prelude to HBAR’s redemption arc. Watch the charts; the next 48 hours could rewrite the script.
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