Hedera HBAR Shows Bullish Momentum After Rebound From 12-Day Low

HBAR has recovered from a 12-day slump, posting gradual gains following Monday's key announcement. The token is now testing its 20-day Exponential Moving Average (EMA), a crucial resistance level that could confirm a bullish reversal if decisively broken.

Technical indicators suggest growing optimism. The Elder-Ray Index remains firmly positive at 0.0052, indicating increasing buyer control. Futures traders maintain bullish exposure, demonstrated by a sustained positive funding rate of 0.0057% despite recent price pressure.

Market structure reveals underlying strength. The persistent positive funding rate during the downturn shows strong conviction among derivatives traders. A clean break above the 20-day EMA could pave the way for new highs in the coming trading sessions.