HBAR Bounces Back After 12-Day Downtrend: Are Bulls Ready to Charge?

HBAR shakes off bearish pressure as buyers step in—can the recovery gain momentum?

After a brutal 12-day slump, Hedera's native token shows signs of life. Trading volumes spike as dip-buyers swarm in, but skeptics whisper about 'dead cat bounce' patterns. (Because in crypto, even rebounds need conspiracy theories.)

The real test? Whether HBAR can flip resistance into support. Technicals hint at bullish divergence, though macro headwinds—and the occasional exchange 'outage' during volatility—could spoil the party. Meanwhile, Bitcoin maximalists are already tweeting 'I told you so.'

One thing's certain: Traders love a comeback story. Whether this is a legit reversal or just hopium before the next dump... well, that's why we drink. *Raises glass to the inevitable 3AM liquidation cascade*

HBAR Gathers Bullish Momentum

HBAR currently trades around its 20-day Exponential Moving Average (EMA) on the daily chart. This key moving average measures an asset’s average price over the past 20 trading days, giving more weight to recent prices.

HBAR’s decisive break above this threshold WOULD confirm the bullish reversal, paving the way for the token to post new highs in the coming days. Readings from the token’s Elder-Ray Index support this bullish outlook.

At press time, this sits above the zero line at 0.0052, indicating growing demand for the altcoin. 

The indicator gauges the strength of bulls and bears in the market. When it prints positive values and green histogram bars, it indicates strong buyer dominance and rising upward momentum. This hints at the possibility of an HBAR sustained rally.

Moreover, HBAR’s funding rate has stayed positive despite its recent price slump. It is at 0.0057% as of press time, signaling that futures traders are still positioning for a potential price rebound.

A positive funding rate means that long-position holders are paying short sellers to keep their trades open. This indicates bullish sentiment in the derivatives market, even as HBAR’s spot price struggled, suggesting traders expect a recovery in the NEAR term.

HBAR Faces Breakout Toward $0.164 or Breakdown to $0.133

At press time, HBAR trades at $0.152. If bullish pressure strengthens and the altcoin successfully breaks above its 20-day EMA, its bullish reversal will receive confirmation, propelling its price toward $0.164.

However, if the bears regain dominance, they could drive the HBAR token’s price down to $0.147. If this support floor fails to hold, HBAR’s price could fall further to $0.133.