Hedera Hashgraph’s native token HBAR is showing signs of upward momentum as technical indicators point toward a possible breakout.
A golden cross has formed after a prolonged period of range-bound trading, suggesting a potential shift in trend direction.
At the same time, a steady increase in derivative-market activity and the positioning of long contracts underline rising investor confidence in the altcoin, despite a cautious broader crypto landscape.
HBAR is currently trading at $0.2099, up 0.75% on the day, and is testing a key resistance level at $0.222. If this barrier is breached and then holds as support, HBAR could extend its gains toward $0.250 in the near term.
Source: CoinMarketCap
A decisive breakout could also pave the way for higher price discovery in the coming weeks.
Golden Cross Follows Failed Death Cross
HBAR has registered a bullish golden cross pattern, typically seen as a key indicator of positive price action.
The formation occurs when the 50-day exponential moving average (EMA) crosses above the 200-day EMA.
This crossover comes after a one-month death cross failed to trigger a sustained downtrend, indicating weaker selling pressure and a possible reversal in direction.
The presence of the golden cross signals that short-term momentum is now shifting in favor of buyers.
Historically, this pattern has preceded strong rallies in a number of altcoins, particularly when accompanied by market interest and rising volume.
Open Interest Rises 2.46% to $331M
Derivative data from the past week supports this technical shift. The open interest for HBAR rose 2.46% to $331.28 million.
This growth suggests more traders are entering the market or strengthening positions, pointing to steady accumulation rather than a purely speculative spike.
The increase in open interest coincides with positive funding rates, reflecting market positioning that leans toward long contracts.
When funding rates are positive, traders generally expect higher prices and are willing to pay a premium to maintain long positions.
In addition to open interest, spot-market trading volume has increased moderately, further reinforcing short-term bullish sentiment and market participation.
Price Levels to Watch: $0.222 and $0.200
While current indicators suggest a rally could form, HBAR still faces a key resistance at $0.222.
This level has previously capped the token’s price action and must be decisively broken to confirm the upward trend.
If HBAR can flip $0.222 into reliable support, analysts will likely target $0.250 as the next upside objective.
However, if momentum cannot be sustained, the token may enter a consolidation phase.
A drop below $0.200 would undermine the short-term uptrend and expose HBAR to downside risk toward $0.182.
The upcoming sessions are critical as Hedera tests investor sentiment in an otherwise neutral market environment.
A sustained move above $0.222 could decisively shift momentum in favor of the bulls.