Hedera (HBAR) has recently formed a bullish Golden Cross, indicating a shift in price momentum after a preceding bearish trend. This change reflects improving investor sentiment in the altcoin market.
The Open Interest for HBAR has surged by 55% over the past week, rising from 219 million USD to 340 million USD. This increase signifies heightened interest among traders, suggesting a bullish outlook for HBAR.
HBAR is currently testing a critical resistance level at 0.222 USD. A successful breakout above this point could propel the price toward 0.250 USD, while failure to breach this level might lead to a price correction.
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