Hedera HBAR Shows Bullish Momentum as Golden Cross Emerges Amid 55% Open Interest Surge
Hedera’s HBAR is displaying signs of a bullish reversal as its 50-day exponential moving average (EMA) crosses above the 200-day EMA, forming a Golden Cross. This technical pattern, which follows a month-long Death Cross that failed to drive significant price action, indicates strengthening buyer momentum.
Open interest in HBAR has surged 55% over the past week, reflecting growing market confidence. The altcoin’s recovery comes amid mixed signals across broader cryptocurrency markets, with traders positioning for potential upside.