HBAR prices face resistance near breakout levels

Hedera’s native token, Hbar, shows signs of life after weeks of sideways chops, but not everything under the hood looks healthy. Clean RSI divergence, improved funding rates, and rare CMF crossovers are potential breakout positive territory crossovers.

But beneath the surface, development activities are stuck near a few months’ lows. The question is whether this rally has enough content or is it another technical bounce without a backbone?

Funding rates show bullish accumulation, but still not happy

Futures Traders is steadily turning bullish with HBAR, as seen in the rising funding rates across perpetual contracts. Since early June, most of the candles have remained green, and the longer position means they are paying for shorts.

The last time HBAR maintained this pattern was an extension from September to October 2024. That period preceded short-priced gatherings.

Chaikin Money Flow crosses the positive zone

For the first time in almost two months, Chaikin Money Flow (CMF) has crossed the zero line. This indicator, which tracks the buying and selling of volume-weighted pressure, is often used to verify whether accumulation is real or mere noise.

The current CMF reads around +0.01 are still small, but the long streaks with negative values ​​are broken. That crossover alone does not confirm sustained inflows, but when combined with enhanced price structure and divergence of RSI, it adds a layer of technical support.

Development activities are still

While the sentiment of prices and derivatives is changing, Hedera’s development activities continue to lean downward. According to your Santimento chart, the purple line representing the contributions of the development has been sliding slowly and steadily since March.

It is currently approaching its lowest level in six months, indicating less updates and visible work in the Hedera ecosystem.

Prices approach breakout due to RSI divergence

HBAR trades just below the descending trendline that ranges from high in March to today’s structure. The token is currently just below the $0.162 resistance. This is the level that was tested three times last week, but it hasn’t broken yet.

What reinforces the bullish case here is the divergence of the classic RSI. Price action has been leveling almost flat or slightly lower since mid-June, but the relative strength index (RSI) has achieved a higher and lower value. This gap between momentum and price usually indicates a potential breakout.

If you confirm that the breakout exceeds $0.162, the next resistance is near $0.178, followed by $0.217. However, a denial here could potentially bring the HBAR price back to $0.143 support, especially if development activities continue to stagnate.