The HBAR price will violate a barrier of $ 0.20 and the end of the death cross

Hbar showed a strong upward movement last month, recently reached $ 0.19 and approached the critical level of resistance of USD 0.20.

The Altcoin rally is supported by a wider market shift that positions Hbar for a potential outbreak. This could mark the end of his latest downward trend and a significant price acquisition.

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The Cross of Death, which took place on April 13, when the 200-dayema ​​crossed under the 50-day EMA, triggered the HBAR retailers. However, Hbar's latest price dynamics indicate that the Death Cross can end earlier than expected. If the current bullish trend is continued, the market could reverse this bear -like signal before it even completes a full month and signals a positive shift for Hbar.

If Hbar continues to maintain the momentum, this reversal could be an important turning point for cryptocurrency. The potential end of the Cross of death would restore confidence in the token and signal that Hbar is willing to overcome its recent challenges.

In addition to technical indicators, the wider market mood of HBAR is supported by positive financing rates. The financing rate has remained positive in the past three weeks and signals that long contracts dominate short positions. This trend shows that investors are optimistic about the future price movement of Hbar, with many other profits bet.

This positive mood on the futures market indicates a strong demand for Hbar. The ongoing dominance of long contracts reflects the growing trust in the potential of the old coin.

Can HBAR use take a break?

Hbar is currently testing the barrier of $ 0.200, which has not violated almost two months. The old coin acts with $ 0.195 and is about to be a potential outbreak. However, past attempts to cross this resistance have led to setbacks, which has made the next few days decisive for the determination of his trajectory.

With strong macroeconomic support, Hbar could finally violate the resistance of $ 0.200 and turn it over to support. In this case, the next goal would be $ 0.222 and confirms an outbreak after two months of consolidation. This revival would validate the bullish thesis and set the stage for further profits.

However, if Hbar does not go through 0.200 US dollars again, it could be exposed to a decline to USD 0.182 or even USD 0.167. A decline to these levels would make the latest profits and invalidate the optimistic outlook. Investors will carefully observe the level of $ 0.200 in order to assess whether the momentum can be preserved.