Hedera Hashgraph price has confirmed support at $0.21, sparking a bullish reaction backed by strong technical confluence and rising demand. With funding rates favoring long positions, the token shows signs of continuation.
Summary
- $0.21 support confirmed with 0.618 Fibonacci, moving averages, and volume node confluence.
- Higher lows and bullish structure remain intact.
- Positive funding rates show strong demand for long positions.
HBAR’s (HBAR) price action has reaffirmed its bullish structure after defending a major high–time frame support zone. The convergence of multiple technical indicators at $0.21 has created a foundation that could sustain further upside momentum.
Market sentiment has been reinforced by rising open interest and favorable funding rates, highlighting continued appetite for long exposure. Adding to this optimism, SWIFT has begun testing XRP and HBAR as part of its efforts to enhance cross-border payment infrastructure, further validating HBAR’s long-term relevance.
HBAR price key technical points
- $0.21 confirmed as major support: with confluence from 0.618 Fibonacci, moving averages, and high-volume node.
- Higher lows continue to form: maintaining a bullish market structure.
- Funding rates remain positive: indicating demand for long positions and sustained bullish sentiment.
HBAR has established $0.21 as a decisive support zone, reacting strongly from this level with a clear bounce. The area is significant as it coincides with multiple technical signals, including the 0.618 Fibonacci retracement, moving averages, and the value area high of a major volume node. These convergences highlight the presence of strong institutional
Go to Source to See Full Article
Author: Aziz Zamani
