Hedera (HBAR) Price Surges to a Two-Month High as Funding Rate Hits Five-Month High

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

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.

However, recent data from Glassnode suggests that HBAR’s funding rate in the Futures market has reached a five-month high, indicating strong optimism from traders. Long contracts outpace short contracts, showing that traders are expecting the price to continue upwards.

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.

As seen in the chart above, HBAR’s macro momentum is also supported by positive technical indicators. Chaikin Money Flow (CMF) is sharply increasing, reaching its highest point since December 2024.

This shows strong capital flowing into the asset, suggesting that investors are buying HBAR in large volumes.

The uptick in the CMF also shows that the current rally is backed by investor support. As more capital flows into the asset, the upward momentum strengthens, providing HBAR with the foundation needed for sustained growth.

Next key levels to watch

HBAR price is down by 6% today after seeing a 24% rise earlier this week, reaching highs of $0.217 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 break through this resistance, then it could continue upwards, 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.

After securing this level, HBAR could continue rallying towards the next resistance at $0.282. A successful breakout through this zone would open possibilities for further gains.

However, if HBAR fails to break through the $0.222 resistance, then 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.