#HBAR

trade HBAR now . . bullish trend ❤❤❤❤❤❤❤$HBAR

𝙃𝘽𝘼𝙍 𝙊𝙥𝙚𝙣 𝙄𝙣𝙩𝙚𝙧𝙚𝙨𝙩 𝙃𝙞𝙩𝙨 $450𝙈 𝘼𝙨 𝙋𝙧𝙞𝙘𝙚 𝙁𝙖𝙘𝙚𝙨 𝙎𝙩𝙧𝙤𝙣𝙜 𝙍𝙚𝙨𝙞𝙨𝙩𝙖𝙣𝙘𝙚- 𝙄𝙨 𝙄𝙩 𝘼 𝙂𝙤𝙤𝙙 𝙏𝙞𝙢𝙚 𝙩𝙤 𝘽𝙪𝙮?

The futures Open Interest of Hedera (HBAR) has rocketed to a new high of US$ 450 million. This big jump indicates that traders are getting into the market with leverage positions hoping to get big price moves. While the recent ETF news has brought more attention to Hedera, the Open Interest surge goes beyond hype. It indicates that HBAR futures market is currently receiving serious capital flow.

Price rebounds from demand zone and aims for $0.35 but faces resistance near $0.265

HBAR has seen a powerful bullish wave which has taken an initiation in the $0.15 demand zone, confirming a double-bottom reversal pattern and reclaiming a prior mid-range structure.

The Parabolic SAR has crossed over to the bullish region thereby confirming the current bullish impulse. After breaking the $0.22 resistance level price jumped slightly up to $0.265 then gently back down to a current price of $0.233.

The Relative Strength Index is currently at 77.4, signaling overbought conditions that have historically been followed by local corrections or periods of consolidation. As long as long term HBAR price prediction holds above the $0.22-$0.20 support zone, the bulls might push to retake $0.265 and continue the upward move to about $0.35, which represents rigorous resistance in the past.

In contrast, a break of the $0.22 support may kick off a corrective move to the $0.20 level or further to the 0.19 area, which may threaten the bullish pattern. Technically, it is advantageous to the bulls but the overbought RSI indicator and the recent price bounce-back highlight the need to be careful

The rising interest in HBAR ETF with odds of approval as high as 90% is further making a bull case for the price.