Hedera's (HBAR) recent price movement has been on an upward trajectory, although the overall market's lack of strong bullish signals has hindered a significant rally. The formation of a Golden Cross on Hedera's price chart indicates a potential shift towards bullish momentum. This pattern emerged following a month-long Death Cross that failed to impact prices significantly. The Golden Cross, where the 50-day EMA crosses above the 200-day EMA, suggests a possible uptrend. The rise in Open Interest by 55% to $340 million and a positive funding rate further support a bullish outlook. Currently trading at $0.213, HBAR is approaching a resistance level of $0.222. Breaking this resistance could lead to further gains towards $0.250, attracting more investors. Failure to breach $0.222 may result in consolidation or a drop to $0.182. The next few days will be crucial in determining HBAR's price direction. Read more AI-generated news on: https://app.chaingpt.org/news