Hbar defies the market trends with 27% surge

Hederas Native Token Hbar has proven to be an outstanding actor. At a time when many old coins have fought to maintain their value, Hbar has only increased impressive 27% in the past 24 hours and improve the downward trend of the market. But what is behind this sudden spike and what does it mean for the future of Hbar?

Hbar shows resilience with a strong price boost

When the broader cryptoma market recorded a slight retreat, Hbar opposed the chances by pressing up and gaining traction when other assets recorded a decline. At the time of the letter, Hbar was traded with $ 0.235 and exceeded previous levels of resistance that had kept the price in check for some time. This sudden price movement is in voting over the 50-day moving average (MA), which is often regarded as a bullish signal if it is accompanied by increasing the trading volume.

The diagram suggests that if the impulse continues upwards, Hbar could head to its next resistance of $ 0.25. Historically, this price was an area with considerable sales pressure, but if Hbar can break through, further profits can be in the cards. If the price does not maintain its current level, it could fall back to test the support of around $ 0.22, with the sliding 50-day average currently being.

Activity on chains: climbing volume behind Hbars Rallye?

One of the most promising aspects of the recent increase in HBAR is the increased oncain activity that supports its price campaign. The on-chain volume, which measures the total amount of the traded Hbar, has recorded a strong increase, which means a higher interest in the asset.

According to Santimat data, Hbar's trading volume recently exceeded 681.2 million tokens – a clear indication that market participants actively deal with tokens. A higher trading volume generally strengthens the price movement and makes it more likely that the current bullish trend will continue. If this trend continues and the volume remains high, Hbar could have the dynamics that is necessary to push new heights.

Open interest: flows more liquidity in Hbar?

Another important on-chain metric to keep an eye on the Open Interest (OI), which pursues the total value outstanding derivative contracts on Hbar. An increase in OI often signals an increase in market liquidity and the trust of the dealers. Since more and more retailers are opening positions in Hbar, she suggests that you believe that the upward trend will continue.

Hbar's open interest has a light tip and achieved about 163 million US dollars. This indicates that the speculative interest in Hbar is still strong. However, it is important to keep an eye on this metric. If open interest rates remove while the price remains, this could indicate a weak dynamic and increase the possibility of a price reversal.

What's next for Hbar?

The strong performance of Hbar in the middle of a bear market has attracted the attention of many in the cryptocurrency community. Positive on-chain activities, increasing volume and an increased open interest indicate an optimistic outlook for the token, especially if the wider market mood continues to favor old coins.

Should Hbar maintain its strength, it could arise on his next resistance of $ 0.25. However, retailers should remain vigilant and pay attention to signs of slowing down the swing. A decline in volume or an open interest could signal that the rally loses steam.

Ultimately, sustainable support of over 0.22 USD is the key to the ability of HBAR to confirm the outbreak as a long -term trend. If the price stays above this level, Hbar could continue its upward railway and possibly set the stage for further profits. However, if the support does not apply, a withdrawal on the lower levels can be on the cards.

Conclusion: Can Hbar maintain the swing?

While HBAR price is impressive, its ability to maintain its strength in view of wider market challenges is crucial to determine whether this rally has the strength. The increase in the commercial volume and the open interest suggests that Hbar has a strong support, but market conditions can change quickly.

If there is a bullish mood and hold the most important support levels, Hbar could continue his upward trauz march. At the moment, retailers should concentrate on volume trends and the price campaign around $ 0.22 and 0.25 US dollars to determine whether the bullish run will take.

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