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. 

The recent price action marks a two-month high for the token, indicating positive market sentiment and expectations of a further rally.

Hedera Traders are Optimistic

The funding rate for HBAR has recently reached a five-month high, signaling strong optimism from traders in the Futures market. Long contracts are dominating short contracts, suggesting that traders expect the price to continue rising.

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.

HBAR’s macro momentum is also supported by positive technical indicators. The Chaikin Money Flow (CMF) is currently experiencing a sharp uptick, reaching its highest point since December 2024.