HBAR Recovers From 12-Day Slump: Can Bulls Push It Higher?
HBAR shows signs of recovery, bolstered by a positive funding rate and bullish momentum. If it surpasses its 20-day EMA, a price breakout to $0.164 could be on the horizon.
Hedera’s native token, HBAR, is staging a steady recovery as crypto market sentiment improves following the ceasefire agreement between Israel and Iran.
The HBAR token price rebounded from a 12-day low shortly after the announcement on Monday and has since recorded gradual gains.
HBAR Gathers Bullish Momentum
HBAR currently trades around its 20-day Exponential Moving Average (EMA) on the daily chart. This key moving average measures an asset’s average price over the past 20 trading days, giving more weight to recent prices.
HBAR 20-Day EMA. Source:
TradingView
HBAR’s decisive break above this threshold would confirm the bullish reversal, paving the way for the token to post new highs in the coming days. Readings from the token’s Elder-Ray Index support this bullish outlook.
At press time, this sits above the zero line at 0.0052, indicating growing demand for the altcoin.
HBAR Elder-Ray Index. Source:
TradingView
The indicator gauges the strength of bulls and bears in the market. When it prints positive values and green histogram bars, it indicates strong buyer dominance and rising upward momentum. This hints at the possibility of an HBAR sustained rally.
Moreover, HBAR’s funding rate has stayed positive despite its recent price slump. It is at 0.0057% as of press time, signaling that futures traders are still positioning for a potential price rebound.
HBAR Funding Rate. Source:
Coinglass
A positive funding rate means that long-position holders are paying short sellers to keep their trades open. This indicates bullish sentiment in the derivatives market, even as HBAR’s spot price struggled, suggesting traders expect a recovery in the near term.
HBAR Faces Breakout Toward $0.164 or Breakdown to $0.133
At press time, HBAR trades at $0.152. If bullish pressure strengthens and the altcoin successfully breaks above its 20-day EMA, its bullish reversal will receive confirmation, propelling its price toward $0.164.
HBAR Price Analysis. Source:
TradingView
However, if the bears regain dominance, they could drive the HBAR token’s price down to $0.147. If this support floor fails to hold, HBAR’s price could fall further to $0.133.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Capital Expenditure Faces a Dilemma: Accelerating Puts Pressure on Cash Flow, Slowing Down Undermines the Growth Narrative
Nomura Securities believes that the AI investment narrative is mired in an internal contradiction: if hyperscale cloud providers accelerate capital expenditures, their free cash flow will continue to be drained, raising doubts about the sustainability of financing; if they slow down, it would indicate a loss of confidence in AI demand and profitability expectations. Both paths lead to sell-offs. The crowded long positions accumulated during the AI agent boom in September have triggered large-scale stop-losses under negative catalysts, spreading to US Treasury bonds, exchange rates, and commodity markets, resulting in systemic deleveraging.
Amazon (AMZN.US) CEO: AWS cloud computing capacity is fully booked until 2027, and a large amount of capacity has already been committed by customers for 2028
On Friday, Jassy stated that with the growing demand for artificial intelligence (AI) infrastructure, Amazon AWS cloud computing capacity is virtually sold out through 2027, and a significant portion of 2028 capacity has also been pre-booked by customers.
AI trading collapse: Will Anthropic postpone its "Super IPO"? The "scheduled listing date" in mid-November is approaching.
The time window is extremely tight—according to SEC regulations, the S-1 filing must be submitted by next week at the latest, and prediction markets estimate the probability of a listing within the year at around 80%. The sell-off in the AI sector has cast a shadow over the listing prospects, and the previous plan to go public in September has already fallen through. Several market participants say that Anthropic may face pressure to delay its listing, but some analysts point out that the company's urgent need for capital may drive it to stick to the original plan.
Crypto prices
More
