Hedera Hashgraph (HBAR) has confirmed a strong base at $0.21, sparking a bullish reaction that aligns with multiple technical signals. This level isn’t just a random bounce it lines up with the 0.618 Fibonacci retracement, major moving averages, and a high-volume node, making it a powerful support zone for continuation.
Despite facing rejection near $0.30, HBAR has managed to maintain its bullish structure of higher lows, a sign that buyers remain firmly in control. Even if the market cools, the $0.18 order block still holds as a secondary safety net, giving the token room to sustain its upward trajectory.
Why Traders Are Turning Bullish on HBAR
The technical picture is supported by strong market sentiment:
- Positive funding rates show traders are willing to pay extra to keep their long positions open.
- Rising open interest signals that participation remains high, with more traders positioning for upside.
- Consecutive higher lows confirm that the broader bullish trend is intact.
This combination creates a feedback loop often seen in crypto rallies. With longs dominating, shorts become riskier if prices climb further, short-sellers may be forced to close, creating a short squeeze that accelerates gains.
Adding to the optimism, SWIFT’s pilot program testing XRP and HBAR for cross-border payment infrastructure underscores Hedera’s growing real-world relevance, supporting its long-term narrative beyond just trading momentum.
What’s Next for HBAR?
As long as HBAR holds above $0.21, the path of least resistance remains upward. The market is now watching to see if buyers can push toward new resistance zones in the coming weeks. With strong confluence at support and funding rates heavily favoring bulls, the token looks well-positioned to continue its trend of higher highs and higher lows.
In short, HBAR has laid the groundwork for another potential leg higher making $0.21 the level to watch.
