Hedera (HBAR) Sees 18% Bullish Rally in 24H

The HBAR cryptocurrency soars 18.30% in 24 hours, driven by a 39.61% increase in open interest and the success of its "Hello Future 2.0" hackathon.

Hedera (HBAR), one of the most promising cryptocurrencies in the blockchain ecosystem, led the Coinmarketcap Top 100 this Saturday with an impressive 18.30% gain in a single day, closing at USD 0.2525. This rally comes amid a 39.61% increase in open interest (OI), suggesting increased trader participation and the entry of new capital into the market. In addition, the recent success of its "Hello Future 2.0" hackathon reinforced confidence in the project.

HBAR bounced strongly off the EMA200, a key dynamic support located at USD 0.1923, confirming a long-term uptrend. / Tradingview

HBAR: A strong bounce in oversold zone

Hedera (HBAR) opened on Saturday at $0.2135 and closed at $0.2525, marking a bullish day amid a crypto market that is still trading in fear zone, according to Coinmarketcap's Fear and Greed Index (20 points). This momentum is partly due to HBAR bouncing strongly off the EMA200, a key dynamic support located at $0.1923, confirming a long-term bullish trend.

HBAR's trading volume more than doubled the 25-day average, indicating renewed interest in the cryptocurrency. Additionally, HBAR broke the EMA50 dynamic resistance at $0.2599, sending a bullish signal in the short term that still needs confirmation.

Futures Open Interest: What does the 39.61% increase mean?

According to data from Coinglass, HBAR futures open interest (OI) increased by 39.61% in 24 hours, reaching levels not seen since mid-January 2025. This increase suggests that traders are taking aggressive positions, possibly anticipating an upward move.

Increasing Activity: More traders are opening long or short positions, reflecting increased interest in HBAR.

New Capital Inflow: Rising OI indicates that new funds are entering the market, which could boost liquidity and volatility.

Possible Accumulation: Since the price of HBAR is rising along with the OI, it is likely that traders are accumulating in anticipation of a rally.

Hello Future 2.0: Innovation and $300,000 Orems

Hedera's recent "Hello Future 2.0" hackathon, held between November 11 and December 18, 2024, has been a resounding success. With over $300,000 in prizes, the event attracted developers from around the world to build innovative projects in areas such as AI, DeFi, Asset Tokenization, and Sustainability.

Featured Winners:
1st Place: Ecosphere Prime, a hyperlocal climate intelligence oracle that uses Web3 technology and IoT sensors to collect and validate climate data on Hedera.

2nd Place: Hashgraph Online, an open-source standard for creating unique NFTs on Hedera.

3rd Place: HealthToken.AI, a platform for data management and tokenization in the healthcare sector.

Is HBAR the next big bet?

With an 18.30% increase in price, 39.61% rising open interest, and the success of its hackathon, Hedera (HBAR) is positioned as one of the most promising cryptocurrencies for 2025. However, investors should keep an eye out for confirmation of the uptrend and manage risk in a still volatile market.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; please conduct your own research before investing.