HBAR has experienced considerable volatility over the past month, struggling to recover recent losses and break the month-and-a-half-long downtrend.

Despite these challenges, the altcoin remains in a critical position as traders remain optimistic about its potential breakout. However, a failure to break key resistance levels could lead to further price declines.

HBAR Traders Are Bullish

Throughout this month, traders have shown strong bullish sentiment toward HBAR. The funding rate has remained positive consistently, indicating a dominance of long contracts in the market.

This suggests that traders are confident about a potential price recovery and are positioning themselves to capitalize on a rise in value. The consistent optimism reflects a belief that HBAR can rebound from its current downtrend.

Also, the positive funding rate shows that more investors are willing to place bets on the future of altcoin despite the ongoing challenges.

The macro momentum for HBAR