HBAR Recovers From 12-Day Slump: Can Bulls Push It Higher?
HBAR shows signs of recovery, bolstered by a positive funding rate and bullish momentum. If it surpasses its 20-day EMA, a price breakout to $0.164 could be on the horizon.
Hedera’s native token, HBAR, is staging a steady recovery as crypto market sentiment improves following the ceasefire agreement between Israel and Iran.
The HBAR token price rebounded from a 12-day low shortly after the announcement on Monday and has since recorded gradual gains.
HBAR Gathers Bullish Momentum
HBAR currently trades around its 20-day Exponential Moving Average (EMA) on the daily chart. This key moving average measures an asset’s average price over the past 20 trading days, giving more weight to recent prices.
HBAR 20-Day EMA. Source:
TradingView
HBAR’s decisive break above this threshold would confirm the bullish reversal, paving the way for the token to post new highs in the coming days. Readings from the token’s Elder-Ray Index support this bullish outlook.
At press time, this sits above the zero line at 0.0052, indicating growing demand for the altcoin.
HBAR Elder-Ray Index. Source:
TradingView
The indicator gauges the strength of bulls and bears in the market. When it prints positive values and green histogram bars, it indicates strong buyer dominance and rising upward momentum. This hints at the possibility of an HBAR sustained rally.
Moreover, HBAR’s funding rate has stayed positive despite its recent price slump. It is at 0.0057% as of press time, signaling that futures traders are still positioning for a potential price rebound.
HBAR Funding Rate. Source:
Coinglass
A positive funding rate means that long-position holders are paying short sellers to keep their trades open. This indicates bullish sentiment in the derivatives market, even as HBAR’s spot price struggled, suggesting traders expect a recovery in the near term.
HBAR Faces Breakout Toward $0.164 or Breakdown to $0.133
At press time, HBAR trades at $0.152. If bullish pressure strengthens and the altcoin successfully breaks above its 20-day EMA, its bullish reversal will receive confirmation, propelling its price toward $0.164.
HBAR Price Analysis. Source:
TradingView
However, if the bears regain dominance, they could drive the HBAR token’s price down to $0.147. If this support floor fails to hold, HBAR’s price could fall further to $0.133.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Dollar breaks 0.69 as hot US CPI raises 50-bp Fed hike risk
Philadelphia Fed President Paulson supports gradual rate hikes but warns inflation is still “stuck ” above target
Core inflation is "stuck" in the 2.5%-3% range, with triple pressures from tariffs, energy, and AI data center demand. Paulson insists on gradual rate hikes while setting clear trigger conditions—if inflation expectations shift upwards or wage pressures build, he will move more quickly. Meanwhile, Governor Waller stated that if October's core CPI rises 0.3% month-on-month, a 50 basis point rate hike in December should be considered. Dallas Fed's Logan said at least two more rate hikes are needed.
During Anthropic IPO roadshow, OpenAI also discloses financial data: Q3 revenue falls short, losses far exceed expectations
OpenAI's revenue in Q3 reached $10 billion, marking a nearly 50% quarter-on-quarter increase. Its annualized run rate is approximately $50 billion, but operating losses have expanded from $10.1 billion to $10.9 billion. Competitor Anthropic has begun its IPO roadshow, with Q3 revenue of $17 billion and losses of only $567 million, leading in both scale and profitability.
Petrobras (PBR.US) Achieves Record Oil and Gas Production in Q3; Adjusted Net Profit Up 78% Year-on-Year, Raises Full-Year Production and Capital Expenditure Guidance
Petrobras released its Q3 2026 financial results after the US market close on November 10.
Crypto prices
More
