The native token of Hedera Hashgraph, HBAR, is showing signs of recovery as global crypto markets respond to the recent ceasefire deal between Israel and Iran.
After dipping to a 12-day low, HBAR began a gradual climb from Monday onwards.
With bullish indicators flashing across both spot and derivatives markets, HBAR now trades at $0.1528.
Source: CoinMarketCap
The token is attempting to break above a crucial resistance near its 20-day exponential moving average (EMA), with upside potential of nearly 8% if momentum holds.
Key indicators show growing HBAR demand
HBAR is currently hovering around its 20-day EMA, a critical technical marker often used to determine near-term momentum.
A confirmed breakout above this moving average could mark a short-term trend reversal, opening the door for a rally toward $0.164.
On the flip side, if bulls fail to maintain pressure, the token risks slipping below $0.147, with extended downside likely to test the $0.133 support level.
Supporting the bullish case is the Elder-Ray Index, which measures the strength of buyers versus sellers. As of the latest data, this indicator is printing positive values at 0.0052, signalling that bullish forces are gaining traction.
The index’s histogram also shows green bars, reinforcing the strength of current buying pressure.
Futures market signals bullish bets
HBAR’s derivatives market data reflects optimism among futures traders. The token’s funding rate remains positive at 0.0057%, suggesting that long-position holders are paying shorts to keep their positions open.
This behaviour is typically interpreted as a sign of market confidence, as traders anticipate upward price movement.
Funding rates in perpetual futures markets reflect the cost of holding positions. When rates are positive, it generally means more traders are betting on prices going up, and those shorting the asset are being compensated to maintain bearish positions.
HBAR’s sustained positive rate during its recent price dip indicates that traders continued to position for a rebound, despite momentary weakness in the spot market.
Ceasefire sparks broader risk appetite
The broader crypto market’s improved sentiment follows the announcement of a ceasefire between Israel and Iran. This geopolitical development has contributed to a risk-on mood among investors, with digital assets responding positively across the board.
HBAR’s recent recovery coincided almost immediately with the ceasefire update, suggesting a link between the easing of regional tensions and renewed market confidence.
Although Hedera is not directly tied to Middle Eastern developments, market-wide sentiment often affects altcoins as capital rotates back into riskier assets.
Price levels to watch for HBAR
HBAR is trading at a make-or-break level. At $0.152, it sits close to its 20-day EMA, and a decisive move above could trigger a breakout toward the $0.164 resistance. This would represent a 7.9% upside from current levels.
However, failure to sustain bullish momentum could see the token dip to $0.147. Should this support zone fail, further selling pressure could push HBAR to $0.133.
For now, technical and derivative signals appear to favour bulls, but market participants will be closely watching upcoming sessions for confirmation of direction.
If HBAR manages a clean break above its short-term resistance, the ongoing recovery could gain pace as traders seek to ride the positive sentiment wave triggered by easing geopolitical tensions.
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