- HBAR price has rebounded from $0.238 and is testing $0.294 resistance, signaling increased buying momentum and strong technical interest.
- A 10% rise in open interest to $419.33 reflects fresh inflows of capital, boosting HBAR’s positioning in the derivatives market.
- Hedera’s mention in a White House crypto report and ETF speculation highlight its growing relevance in regulatory and institutional discussions.
Hedera’s native token, HBAR, has staged a strong rebound from the $0.238 support level, restoring confidence among market participants. The recovery has lifted the token near the $0.294 resistance area, which previously capped gains in April and June. Traders are closely watching this level, as a breakout could open the path to extended upside momentum.
Technical indicators are showing strength in the current trend. The Directional Movement Index highlights that buying pressure has overtaken selling activity, with the positive directional line trending above the negative. Moreover, the Average Directional Index has climbed above 40, underscoring the strength of the ongoing trend. Market analysts view these signals as confirmation of solid bullish momentum in the short term.
There has also been stability above the $0.25 level through the consolidation of the HBAR. Such a price activity shows that the market has a solid base, which allows it to be expected to run as high as above the resistance level. The architectural fit has attracted increased attention from retail as well as institutional investors, which adds to the argument concerning increasing demand.
Regulatory and institutional Changes
The token has acquired attention through its inclusion in a White House report on cryptocurrencies, and thus, this has thrown Hedera into a policy spotlight. The sentiment has also been reinforced by speculation that an HBAR exchange-traded fund will be approved. The ease of accessing the asset by institutional investors, thus, could be smoothed out by such a product, which could lead to wider participation in the market.
Coinciding with this, open interest of HBAR futures has increased by 10% to stand at an open interest of $419.33 million. This growth indicates a new supply of capital on the market, which shows renewed trust of traders. Also, the fact that Grayscale invested in HBAR as part of its Smart Contract Fund has added credibility to its reputation as a potential long-term player in the digital asset industry.
Changing Market Sentiment
The combination of regulatory recognition, speculation over an ETF, and capital inflows has shifted overall market sentiment. Retail and institutional traders appear to be aligning more positively toward HBAR as a mid- to long-term asset. While the $0.294 level remains a crucial barrier, the prevailing momentum suggests that buyers continue to dominate the market structure.
