HBAR is showing signs of recovery from the 12-day low after the ceasefire between Israel and Iran and is recording a gradual increase.

The token is currently approaching the 20-day Exponential Moving Average (EMA), with the potential for the upward momentum to drive the price to 0.164 Dollars.

HBAR's positive funding rate and Elder-Ray Index data support strong buying sentiment, indicating that upward movement will continue.

HBAR, the native token of Hedera, entered a stable recovery process along with the increasing positive atmosphere in the crypto market after the ceasefire agreement established between Israel and Iran. Immediately after the announcement of the ceasefire on Monday, the token started its rise from a 12-day low and has been consistently gaining since then.

Bull Pressure is Strengthening in HBAR

HBAR is trading around the critical level of the 20-day EMA on the daily chart. This moving average measures the average price of the last 20 days while giving more weight to recent price movements. Staying consistently above this average indicates confirmation of an upward trend and increases the likelihood of seeing new highs.

Data from the Elder-Ray Index also supports this positive outlook. At the time of the press, the Index is at a level of 0.0052 above the zero line; this indicates the superiority of buyers in the market and an increase in demand. The Elder-Ray measures the balance of power between bulls and bears, and positive values along with green histograms indicate strong buying pressure and ongoing upward momentum. This is a strong signal that HBAR has sustainable upward potential.

In addition, HBAR's funding rate continues to remain in the positive zone despite the recent price drop. The funding rate, which is at 0.0057% at the time of the press, shows that traders in the futures market are still taking positions believing that prices will recover. A positive funding rate means that long position holders are paying short position holders, indicating that bullish expectations continue in the derivatives market.

Price Direction: Is it 0.164 Dollars or 0.133 Dollars?

HBAR is currently trading around 0.152 Dollars. If buyers can increase their strength and push the price above the 20-day EMA, the upward trend will be confirmed and the token will move towards the target of 0.164 Dollars.

On the other hand, if the bears take control, the price may first retreat to the support level of 0.147 Dollars. If this support is broken, HBAR's price may face the risk of dropping further to the level of 0.133 Dollars.


PLEASE READ CAREFULLY FOR A $10 GIFT TO 170 PEOPLE.

Friends who have not yet activated the futures section will earn $10 when they activate the futures section by entering my referral code 88623008. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

My brothers who registered on Binance without a referral, please listen carefully;

You will earn 10 USDT when you do what I say in order.

Enter the Futures section from your application.

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.

Those who want to earn a 10 USDT reward by completing this process by April 10 can do so. After that, it will be sufficient to have a trading volume of $30 after you activate your account. However, even if you do this after April 10, your reward will not come. Therefore, I recommend you to handle it within 5 seconds.

THE SYSTEM OPERATES ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DON'T BE LATE TO CLAIM YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, you know that we do everything we can for you as publishers. We communicate the services and opportunities provided to us by our authorities to you. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First of all, those of you who have not opened a futures account need to activate this account with a short transaction. I will explain how to activate it in detail and simply.

So who can benefit?

Friends who have not yet activated the Futures section can activate it by entering my referral code 88623008 when opening the FUTURES section. It is an easy process. I have shown where it is below.