HBAR Knocks on $0.10 Again as Buyers Return—but Resistance Still Holds

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HBAR Knocks on $0.10 Again as Buyers Return—but Resistance Still Holds — Beincrypto
Source: Beincrypto

Hedera’s native token, HBAR, is attempting to regain lost ground after weeks of constrained trading. The price recently approached the $0.10 threshold but failed to secure a decisive breakout, with resistance near this level limiting upward progress since the start of the month.

The Money Flow Index sits above the neutral 50 mark, signaling that buying pressure is gradually building and that buyers are regaining influence. As a volume-weighted momentum indicator, the MFI’s position in positive territory suggests accumulation may be underway, and rising inflows often precede price appreciation when supported by higher trading activity.

Derivatives data offer a mixed outlook. The funding rate currently skews toward long positions, indicating traders are willing to pay a premium for bullish contracts, but volatility in the funding rate over the past two weeks highlights lingering uncertainty.

hbar, hedera, $0.10, resistance, money flow, mfi, buying pressure, accumulation, funding rate, derivatives

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