Hedera (HBAR) Explodes: 51% Open Interest Surge Fuels $0.30 Price Breakout
Hedera's HBAR isn't just climbing—it's moonwalking past resistance. Open interest rockets 51% as traders pile into the breakout bet.
Why the frenzy? The chart's screaming 'bullish'—HBAR's coiled spring action finally snapped, with $0.30 now in the crosshairs. Market makers didn't see this coming (but let's be real—when do they ever?).
Technical tailwinds meet institutional FOMO. The hashgraph darling's defying the usual 'buy the rumor, sell the news' crypto circus. This time, the smart money's actually... smart?
One hedge fund quant muttered 'efficient market hypothesis my ass' between sips of cold brew. We concur.
- HBAR trading volume jumped 300% to $2.94B; open interest rose over 51% to $454.44M.
- Price surged nearly 26% daily and 58% weekly, reaching $0.2496 with bullish technicals.
- RBA’s tokenization pilot with Hedera Council member AP+ has fueled investor optimism.
Hedera (HBAR) saw a dramatic rise in market activity as volume exploded by 300% to hit $2.94 billion, while open interest climbed 51.19%, reaching $454.44 million, according to CoinGlass data.
This sharp increase in participation was mirrored in its price, which has surged by 25.95% in the last 24 hours and by over 58% on the weekly chart. Currently trading at $0.2596, HBAR has pushed past previous resistance levels in a strong bullish breakout.
Driving the excitement is news from Australia. Australian Payments Plus (AP+), a Hedera Council member, has been selected to take part in the Reserve Bank of Australia’s tokenization project, Project Acacia.
Led by the RBA and Digital Finance Cooperative Research Centre, this initiative aims to explore the use of digital money in wholesale tokenized asset markets.
Hedera Council member, AP+, selected to participate in the Reserve Bank of Australia’s (@RBAInfo) tokenization pilot
https://t.co/kxAjvTqeUo pic.twitter.com/x3gQDFJ29k
Technical Indicators Point to Overheated but Strong Momentum
HBAR’s technical structure reveals a clear bullish trend. The asset has broken out from the $0.17 range and quickly moved above $0.25. It now trades well above all key EMAs: 20-day ($0.1809), 50-day ($0.1723), 100-day ($0.1776), and 200-day ($0.1801), signaling sustained strength.
The Relative Strength Index (RSI) is at 85.50, solidly in the overbought range. Although this typically indicates caution, good trends tend to keep RSI high for longer times.
MACD indicators affirm the same, as the MACD line is 0.0171, while the Signal line is 0.0108. The increasing histogram validates positive accelerating momentum.
Bollinger Bands have also become much broader. The present price of $0.2534 is well ahead of the higher band of $0.2301. Although this indicates strong momentum, it is also likely to enhance the possibility of a short-term cool-down or sideways correction ahead of the next move.
Hedera Bulls Aim Higher, But $0.23 Support Remains Key
As HBAR is able to overcome previous resistance areas, attention is geared toward psychological areas like $0.26 and $0.30. They can be the next crucial barriers. Near-term support is NEAR $0.23, around the higher Bollinger Band and breakout point, and still lower at $0.20 and $0.18 around the cluster of EMAs.
Momentum allowing, the price could continue higher toward $0.26 and $0.30 in the near future. Any dip below $0.23, however, could trigger profit-taking, which WOULD send HBAR lower toward $0.20.
However, the combination of positive on-chain metrics, macroeconomic updates, and technical setup keeps bulls in complete control for the moment.
: This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.
