Hedera (HBAR) Outperforms Crypto Market With a 10% Bounce — But New Risks Emerge

Hedera's HBAR has outperformed the broader crypto market, gaining about 8% in 24 hours and trading near $0.096. The price is approaching the upper trendline of a falling wedge pattern, near $0.098, which acts as critical resistance. A confirmed break above this level could signal a 50% upside move based on the wedge's measured move. However, technical analysis indicates rising risks: the RSI shows a hidden bearish divergence (price making a lower high while RSI makes higher highs), suggesting weakening momentum. Furthermore, Chaikin Money Flow (CMF) remains below zero, indicating a lack of strong institutional accumulation, and derivatives data shows a sharp increase in open interest and positive funding rates as price nears resistance. This combination of rising leverage near resistance while momentum fades suggests that risk-taking is increasing without corresponding conviction, potentially preceding a pullback. Key levels are $0.098 for a breakout confirmation and $0.090 as immediate support, below which $0.076 is the next major support zone.

(Source：BeInCrypto)