HBAR reclaims $0.10; trend reversal building as FedEx joins Hedera council
Hedera (HBAR) has broken above the critical $0.10 resistance with a weekly close, signaling an early structural trend reversal after a period of distribution. Price formed higher lows in the $0.073–$0.090 band before follow-through buying pushed HBAR toward $0.134, creating the first higher high after the prior downtrend. Volume rose sharply — spot volume increased over 43% (exceeding $200M) — coinciding with FedEx joining the Hedera council, a corporate development that appears to have amplified buyer conviction. Derivatives metrics show Open Interest up ~9% to nearly $29M and funding rates turned slightly positive (~+0.05%), indicating leveraged long positioning and crowding risk. Key technical levels: support now near $0.097–$0.10 (with demand at $0.078 and $0.090), and resistance / supply in the $0.104–$0.134 corridor. Scenario: sustained daily/weekly closes above $0.10 would target $0.11–$0.134 and validate a higher-high/higher-low sequence; failure to hold $0.098–$0.10 risks reversal toward $0.090 or a retest of $0.078. For traders: watch close confirmation above $0.10, volume continuation, funding-rate direction and OI; manage risk for potential squeezes from crowded longs and rejections near $0.104–$0.107.
Bullish
The article describes a confirmed structural breakout for HBAR after a weekly close above $0.10, accompanied by higher lows, a higher high, and meaningful volume expansion — classic technical signs of trend reversal. Corporate development (FedEx joining the Hedera council) provides fundamental support and likely attracted fresh spot demand. Derivatives metrics (OI up ~9%, funding rates slightly positive) show leveraged long interest, which can accelerate upside but also increases short-term crowding risk. Historically, similar breakouts with rising volume and institutional or enterprise endorsements have led to sustained rallies if price holds the flipped support; examples include token moves following major partnerships or exchange listings. Short-term implications: higher volatility with squeeze potential and risk of sharp pullbacks if buyers fail to defend $0.098–$0.10. Long-term implications: if HBAR secures consecutive closes above $0.10 and demand remains, the structure supports extension toward $0.11–$0.134 and further trend development. Traders should watch confirmation (daily/weekly closes), volume, funding rates and OI to gauge conviction, and set stops below $0.098 to limit downside from a failed breakout.