Hedera (HBAR) Surges 27% Amid Market Weakness, What’s Happening? (3/2/25)

Jakarta, Pintu News – Hedera (HBAR) recorded a significant price surge of 27% in the past 24 hours, despite most cryptocurrency markets being under pressure. This increase demonstrates HBAR’s resilience to weakening market trends, driven by increasing trading volume and still strong bullish sentiment.

HBAR Shows Steady Rise Amid Market Weakness

While many altcoins have experienced selling pressure in the past few trading sessions, HBAR has maintained its positive trend. The price of HBAR is currently trading at around IDR3,873 ($0.235) after successfully breaking the previous resistance level.

This rise coincided with the price moving above its 50-day moving average, which is often considered a positive signal for further upside if supported by increased trading volume. If this momentum continues, HBAR could potentially reach IDR4,121 ($0.25), which is the next resistance level. Conversely, if it fails to sustain this upside, it could retest the support level at IDR3,629 ($0.22).

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High Trading Volume Indicates Investor Interest

HBAR’s price surge is supported by a significant increase in trading volume, reflecting higher investor interest in this asset. Data from Santiment shows that the trading volume of HBAR has surpassed 681.2 million, signaling a substantial increase in market activity.

High trading volume is often a strong indicator for the sustainability of a price trend. If this trend holds, HBAR has a better chance of maintaining its gains. However, if the volume starts to decline, it could be that the bullish momentum is starting to weaken, and the price is at risk of a correction.

Open Interest Increases, Liquidity Flows to HBAR

In addition to trading volume, the Open Interest (OI) metric also indicates an increase in liquidity in the HBAR market. Open Interest measures the total number of open derivative contracts, and its increase is often attributed to more capital entering the market.

At the time of writing, HBAR’s Open Interest stands at around IDR2.68 trillion ($163 million), indicating that more traders are starting to take positions in the asset. If the Open Interest continues to rise alongside the price increase, this could be a signal that the bullish trend still has strength. Conversely, if Open Interest starts to fall while prices remain high, it could be a sign of weakening market momentum.

Can HBAR Sustain its Rise?

HBAR’s positive performance amidst the crypto market weakness is a strong indication of the bullish sentiment that is still dominant. Supported by a surge in trading volume and an increase in Open Interest, HBAR has a chance to continue rising and target the level of IDR4,121 ($0.25).

However, traders need to be mindful of a possible drop in volume or Open Interest, which could be an early sign of slowing momentum. Ensuring the price stays above the support level of IDR3,629 ($0.22) will be key to determining whether this uptrend can be sustained in the long term or if it risks a correction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMBCrypto. Hedera (HBAR) Defies Market Trend – All You Need to Know About Altcoin’s 27% Hike. Accessed March 3, 2025.
• Featured Image: Twitter