Hedera HBAR Traders Position for Rally Despite Support Level Uncertainty
HBAR traders are accumulating long positions as funding rates spike, signaling bullish conviction despite the altcoin’s struggle to hold the $0.20 support level. The derivatives activity suggests expectations of an upward breakout, though fading MACD momentum warns of potential exhaustion.
Market sentiment remains divided—while perpetual swap markets show aggressive long positioning, on-chain resistance at $0.20 continues to cap gains. This tension between derivative speculation and spot market reality creates a critical inflection point for HBAR’s near-term price action.