- Hedera (HBAR) jumps 3.81%, breaking above $0.169 with bullish momentum targeting $0.175 to $0.1779
- RSI at 74.52 and MACD remain bullish, signaling strong upward pressure despite overbought conditions
- Open interest climbs to $225.98M and volume hits $267.01M, supporting a sustainable uptrend
- Liquidation heatmap shows clusters around $0.170–$0.1779, increasing chances of a short squeeze
Hedera (HBAR) made headlines after surging above the $0.169 barrier, registering a 3.81% one-day gain and exhibiting strong bullish vigor. Supported by surging open interest, jumping on-chain volume, and bullish technical indicators, the network’s native coin appears likely to continue climbing, sights in its aim including its next resistance area between $0.175 and $0.1779.
HBAR Price Breakout: Technical Indicators Remain Bullish
HBAR on the 4-hour chart is testing the upper Bollinger Band at $0.1691, which indicates ongoing buying interest and a surmounting above mid-band resistance at $0.16587. The lower Bollinger Band is much lower at $0.15290, which thus indicates that the coin lies on the upper side of its recent range.
Relative Strength Index (RSI) stands at 74.52, firmly in overbought territory, often signaling strong momentum but also likely preceding temporary consolidation. MACD indicator remains bullish, and because the MACD line at 0.00228 continues above the signal line at 0.00162, it reinforces bullish momentum.
On-Chain Metrics Reflect Growing Trader Commitment
On-chain and derivatives market action are indicators that investors are increasingly bullish about Hedera. Hedera futures open interest has surged exponentially to $225.98 million, indicating more funds are being committed to positions, a proven indicator of faith in the trend in place.
Therefore, volume surged to $267.01 million, emphasizing healthy market liquidity and participation. Rising volume and open interest supported by price increases normally reflect a healthy and long-lasting rally, compared to a fleeting spike induced solely by covering shorts.
Also Read: From Sideways to Soaring? HBAR Prepares for $0.1616 Break as OI Climbs
Hadera Liquidation Heatmap Highlights Key Zones
Binance HBAR/USDT liquidation heatmap data indicates that there are highly concentrated liquidation spots above $0.165, most concentrated around the $0.170–$0.1779 area. These regions have a tendency to attract price action, as stop-losses and liquidations occur in these regions and they can initiate more buying via short squeezes.
On the downside, strong support remains between $0.155–$0.160, offering a critical cushion if the price faces a pullback.
What’s Next for HBAR?
With bullish technical indicators, rising open interest and volume, and clear liquidation pressure on shorts, Hedera seems well-set to reach the next significant resistance range of $0.175–$0.1779. While the overbought RSI foretells possible near-term volatility or consolidation, the long-term picture remains robust because both on-chain and market indicators continue to improve.
HBAR’s latest breakout reflects greater faith in the Hedera network, which mirrors its growing significance across the broader crypto universe. Traders and investors will be watching intently to see if the bulls will succeed in sustaining this trend and penetrate beyond following levels of resistance.
Also Read: Is HBAR Gearing Up for a Breakout? Key Indicators Turn Bullish
