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HBAR price rose to $0.095 on May 29, with futures volume up 242% and bullish MACD signals, while technical indicators show resistance near $0.0948.
Hedera’s native token HBAR saw a sharp price increase on May 29, climbing from $0.082 to $0.095 on the 2‑hour chart and breaking above the upper Bollinger Band [1]. The rally was accompanied by a massive 242.91% rise in futures volume to $460.38 million, while open interest grew 13.39% and short positions faced $560.71 K in liquidations [1].
Key takeaways
The 2‑hour chart showed HBAR breaking out of a tight Bollinger Band squeeze, a pattern often preceding strong moves, with the MACD line crossing into bullish territory [1]. On the daily chart, price has been confined within a descending channel since January, oscillating between the 0.382 Fibonacci level at $0.0861 and the 0.618 level near $0.0948, which now acts as immediate resistance [1]. The daily Chaikin Money Flow (CMF) reading of 0.08 further confirms that buying pressure outweighs selling pressure [1]. Futures traders appear to have shifted sentiment, as open interest rose and short positions were liquidated, suggesting a broader market pivot toward bullishness [1].
Beyond the price action, Hedera Hashgraph operates as a public, enterprise‑grade distributed ledger that uses a unique hashgraph consensus rather than a traditional blockchain [2]. HBAR serves dual functions: it fuels network services such as smart contracts and file storage, and it can be staked to help secure the network [2]. The platform’s design emphasizes speed, low cost, and high security, with a governance model that includes a global enterprise council [2]. These fundamentals underpin the token’s market dynamics and may influence future price movements.
The surge in HBAR’s price and the accompanying volume spike highlight a shift in trader sentiment, potentially driven by technical breakout signals and the network’s underlying utility. If price can sustain above the $0.0948 resistance and break the 0.618 Fibonacci level, further upside toward $0.10 could be on the horizon. Conversely, failure to hold the breakout may lead to a retracement toward the 0.382 level at $0.0861. Investors and analysts will likely watch subsequent volume, open interest, and technical indicators to gauge whether the bullish momentum can be maintained.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 2, 2026 · How we report
Hedera hibernica is a species of evergreen ivy native to the Atlantic coast of Europe, often used in gardening but considered invasive in parts of North America.
The Hedera network is governed by the Hedera Council, which consists of a rotating group of Fortune 1000 enterprises, institutions, non-profits, and universities.
Yes, Hedera is designed for regulatory compliance, featuring protocol-level safeguards and processes to ensure adherence to U.S. sanctions laws and OFAC standards.
Hedera serves as a distributed ledger platform for the digital economy, enabling enterprise applications such as tokenized securities, carbon market digitalization, and AI governance.