Hedera (HBAR) is regaining attention in the market as this altcoin demonstrates impressive recovery momentum after a long period of quiet trading. Over the past six weeks, HBAR has consistently recorded regular price increases, marking the highest levels in the last two months and raising expectations for a new breakout in the near future.
Positive sentiment
Market indicators clearly reflect the change in investor sentiment. The funding rate of HBAR in the futures market has just hit a peak in 5 months — a signal indicating that traders are leaning towards long positions with the expectation that prices will continue to rise.
The dominance of long-term contracts underscores the increasingly strong belief in the long-term prospects of HBAR. This is not only a positive technical indicator but also a testament to the shift in market sentiment towards a more optimistic view of this asset.
Funding rate of HBAR | Source: Coinglass
Strong capital flow supports the uptrend
Moreover, the Chaikin Money Flow (CMF) — a tool for measuring money flow — is currently at its highest level since December 2024. This indicates that large capital is flowing into HBAR, reflecting strong accumulation from investors and reinforcing the current bullish trend.
The influx of large capital is a fundamental factor that helps maintain stable upward momentum, paving the way for HBAR to reach higher price levels in the near future.
CMF of HBAR | Source: TradingView
What’s next for HBAR's price?
At the time of writing, HBAR is trading around 0.208 USD, after a slight adjustment of 1% following a strong 17% increase earlier in the week. Despite the short-term adjustment, this altcoin is still maintaining above the important support zone of 0.2 USD — a positive sign for the short-term outlook.
The next resistance level is at 0.22 USD. If the price can decisively break this threshold, HBAR is likely to head towards the 0.25 USD zone, reinforcing the medium-term upward trend and attracting more interest from institutional investors.
1-day price chart of HBAR | Source: TradingView
However, if it fails to break through the resistance zone, HBAR may face the risk of returning to the 0.182 USD zone — which would weaken the current bullish outlook and prolong the recovery period.
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Disclaimer: This article is for informational purposes only and is not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment decisions.