Hedera Funding Rate Hits 5-Month High as HBAR Price Surges 15%

Hedera (HBAR) has seen a significant rise in recent weeks, as the altcoin works to recover losses sustained in the past. Over the last six weeks, HBAR’s price has been steadily climbing, with traders hoping that this upward momentum will continue. The recent price action marks a two-month high for the token, indicating positive market sentiment and expectations of a further rally.Hedera Traders are OptimisticThe funding rate for HBAR has recently reached a five-month high, signaling strong optimism from traders in the Futures market. Long contracts are dominating short contracts, suggesting that traders expect the price to continue rising. This surge in long contracts also highlights a growing belief in HBAR’s future performance. The dominance of long positions in the Futures market reflects broader confidence in the token’s value and growth.HBAR Funding Rate. Source: CoinglassHBAR’s macro momentum is also supported by positive technical indicators. The Chaikin Money Flow (CMF) is currently experiencing a sharp uptick, reaching its highest point since December 2024. This indicates strong inflows into the asset, suggesting that investors are buying HBAR in large volumes.The uptick in the CMF also indicates that the current rally is backed by solid investor support. As more capital flows into the asset, the upward momentum strengthens, providing HBAR with the foundation needed for sustained growth.HBAR CMF. Source: TradingViewHBAR Price Secures SupportHBAR’s price is down by 6% today after experiencing a 24% rise earlier this week, trading at $0.204 at the time of writing. The altcoin is holding above the crucial support level of $0.200 and is currently facing resistance at $0.222. If HBAR can successfully breach this resistance, it could continue its upward trajectory, making further price gains likely.The next key milestone for HBAR is flipping $0.222 into support. This would enable the altcoin to target $0.250, solidifying the recent gains and reinforcing the recovery momentum. Successfully breaking through this level would indicate continued bullish strength and could attract further investor interest in the asset.HBAR Price Analysis. Source: TradingViewHowever, if HBAR fails to break through the $0.222 resistance, it risks falling below the $0.200 support. A drop through this level could push the price down to $0.182, invalidating the current bullish outlook. This would suggest a potential reversal in sentiment and could slow down the altcoin’s recovery progress.The post Hedera Funding Rate Hits 5-Month High as HBAR Price Surges 15% appeared first on BeInCrypto.