Hedera HBAR: Derivatives Data Reveals Bullish Sentiment Amid Technical Breakout Potential
Hedera (HBAR) is showing tentative signs of recovery, gaining 5.1% to $0.08966 alongside a 38.53% surge in trading volume to $114.11 million. Despite a weekly loss of 5.81%, derivatives data points to growing bullish momentum—futures volume spiked 34.88% to $255.74 million, while open interest increased by 3.08%.
Technical analyst Jonathan Carter identifies a descending channel pattern, noting key resistance at $0.155. 'The structure remains intact for a breakout,' he states, projecting upside targets at $0.105, $0.130, and $0.280. Market liquidity appears imbalanced, with the open interest-weighted funding rate holding at 0.0077%.