Hedera (HBAR) is currently fluctuating around the 0.127 USD level during Wednesday’s trading session, approaching a key resistance zone. If the price convincingly breaks through this level, the market could witness a new upward momentum in the near future. Notably, demand from institutional investors continues to increase, as spot HBAR ETF funds have recorded three consecutive days of net inflows this week. Simultaneously, positive signals from on-chain data and derivatives markets further reinforce the expectation that HBAR is on the verge of extending its bullish trend.
Institutional demand for HBAR continues to grow
Demand from institutional investors for Hedera has shown a clear increase this week. According to data from SoSoValue, spot Hedera ETF funds attracted $817,770 in capital on Tuesday, marking the third consecutive day of positive inflows since last week. This development reflects strong investor confidence and opens up the possibility that if capital inflows continue and increase, HBAR could extend its current upward trend.
Total net inflow chart into HBAR spot ETFs## Positive on-chain and derivatives indicators
Data from the CryptoQuant chart below further strengthen HBAR’s positive outlook, as both the spot market and futures contracts show large buy orders from whales. This movement is often seen as an early signal that a new bullish phase may be forming in the near future.
In the derivatives market, bullish sentiment is also becoming more evident. According to Coinglass, the long/short ratio of HBAR reached 1.06 on Wednesday — the highest in over a month. Maintaining this ratio above 1 indicates that most traders are leaning towards a bullish scenario, reflecting growing confidence in Hedera’s continued upward movement.
Hedera long/short ratio chart | Source: Coinglass## Hedera Price Forecast: HBAR could extend its rally if it closes above the 50-day EMA
Hedera (HBAR) is currently moving within a descending wedge pattern formed since late July, with highs and lows gradually narrowing. Notably, HBAR surged over 6% during Tuesday’s trading session, indicating renewed buying interest. As of Wednesday, the price is approaching the 50-day exponential moving average (EMA) around the 0.127 USD mark — an important technical level.
In a positive scenario, if HBAR can close firmly above the 50-day EMA, the recovery momentum is likely to continue, pushing the price toward the upper trendline of the wedge pattern, around 0.152 USD.
Daily HBAR/USDT chart | Source: TradingView Technical indicators also support a bullish outlook. The daily RSI stands at 56, rising above the neutral 50 level, indicating increasing buying momentum. Meanwhile, the MACD continues to show a bullish crossover, further strengthening the optimistic scenario.
However, the risk of a correction should not be overlooked. If selling pressure increases, HBAR could reverse and decline toward the weekly support zone around 0.090 USD, where demand is expected to re-emerge.
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