HBAR price surges 10% in a week as volume nears $373 million

Hedera Hashgraph’s native token HBAR has recorded a 10% gain over the past week, reaching a new 30-day high of $0.179.

Source: CoinMarketCap

This price rise comes as broader market sentiment turns positive, and the token shows strong signs of bullish momentum.

At the same time, HBAR’s daily trading volume has surged by nearly 100%, touching $373 million, the highest seen in the last two months.

This spike in volume reflects growing investor interest and confirms that the price movement is backed by solid trading activity.

When volume increases in tandem with price, it typically strengthens the trend and reduces the chance of a false breakout.

For HBAR, this combination suggests that traders are actively supporting the current rally, with expectations of further price appreciation.

Long positions dominate HBAR’s futures market

HBAR’s recent price jump has coincided with a significant increase in long positions in its futures market. At the time of writing, the long/short ratio stands at 1.13, marking a 30-day high.

This metric indicates a higher number of bullish bets compared to bearish ones, meaning most traders anticipate the asset will continue rising in value.

The long/short ratio is a commonly used indicator in crypto derivatives trading. A reading above one implies that more traders are opening long positions, while a ratio below one shows a dominance of short bets.

With HBAR’s ratio climbing above one, it reflects rising confidence among traders about the token’s short-term prospects.

Capital inflows strengthen bullish outlook

Further supporting the upward trend, the Chaikin Money Flow (CMF) indicator on HBAR’s daily chart has also turned positive. The CMF currently sits at 0.13 and is trending higher, indicating that capital is flowing into the asset.

When CMF values are above zero during a rally, it shows that buying pressure outweighs selling pressure, which often precedes continued price gains.

In the case of HBAR, this positive money flow points to ongoing accumulation by investors who expect the rally to sustain.

The convergence of price, volume, and capital inflows paints a strong technical picture, reinforcing the bullish sentiment currently surrounding the token.

Resistance ahead at $0.189 could determine next move

HBAR is now approaching a key resistance level at $0.189. A breakout above this zone could potentially push the token towards the next target of $0.206, a level not seen in recent months.

However, if the rally loses momentum and selling pressure increases, a reversal could send the price back down to $0.165.

The next few trading sessions will be crucial in determining whether HBAR can sustain its rally or faces a correction.

Traders will be watching volume trends, futures positioning, and money flow indicators closely to assess the likelihood of a breakout or rejection at the current price level.

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