HBAR Knocks on $0.10 Again as Buyers Return—but Resistance Still Holds
HBAR is testing the $0.10 resistance level, showing building buying pressure despite lingering skepticism from leveraged traders.Summary
Hedera's token, HBAR, is attempting to break past the significant $0.10 resistance level after weeks of constrained trading, currently sitting at $0.0992 above the $0.0961 support.
The Money Flow Index (MFI) indicates growing buying pressure and capital accumulation, suggesting potential for a sustained recovery if this trend continues. However, derivatives data shows lingering uncertainty, as the funding rate has fluctuated between long and short dominance over the past two weeks, indicating fragile trader conviction.
A decisive move above the $0.1035 resistance (50% Fibonacci retracement) is needed to confirm a short-term structural shift, potentially targeting $0.1109. Failure to break out could lead to consolidation or a bearish breakdown below $0.0961 toward $0.0870.
(Source：BeInCrypto)