Hedera’s HBAR Surges 12.22% as Open Interest Jumps 77%

Hedera’s native token, HBAR, has experienced a notable surge in both price and market interest. Over the past 24 hours, HBAR has seen a 12.22% price increase, reaching $0.2746. This price jump is accompanied by a significant rise in derivatives market activity, indicating growing trader confidence.

Traders have aggressively increased their positions, resulting in a $230 million increase in open interest within just one week. This surge in open interest, from $296 million to $526 million, reflects a 77% increase and signals a wave of optimism among traders. The derivatives market, known for providing early signals of sentiment shifts, shows a clear preference for long positions, as funding rates remain positive. This implies that buyers are willing to pay a premium to maintain their positions, further validating the current bullish bias in the market.

The rally in HBAR is not solely driven by market sentiment but is also supported by technical analysis. A golden cross, a bullish signal where the 50-day exponential moving average moves above the 200-day EMA, has been recorded. This crossover marks the end of a prolonged downtrend and often signals the beginning of a sustainable uptrend. Historically, this pattern has attracted long-term investors who use moving averages to determine entry and exit points, further supporting the narrative of a shift in market momentum.

HBAR’s ability to hold above the $0.267 level will be crucial for sustaining its recent gains. This level now acts as a strong support zone, offering stability for ongoing accumulation. If HBAR can maintain this floor, the next test lies at the $0.314 resistance level. A successful breakout above this level could bring the $0.375 target within reach. However, traders must remain cautious. If a wave of profit-taking emerges, the altcoin could slide back toward $0.267. A breakdown below this support level would risk a decline to $0.241, which would negate the bullish setup and indicate the rally was short-lived.

The dominance of long contracts over short ones highlights continued optimism in the HBAR market. Funding rates, which turn positive when long positions outnumber shorts, have been steadily climbing. This creates a favorable environment for continued upward price movement, provided external market conditions remain stable. Moreover, this bullish sentiment coincides with broader improvements in altcoin markets, where investors are increasingly rotating funds into tokens with strong technicals and fundamentals. For HBAR, the alignment of rising open interest, technical confirmation, and strong support levels creates a setup that many traders interpret as primed for further growth—though not without downside risks if momentum stalls.