Hedera [HBAR] has demonstrated remarkable resilience with two consecutive days of gains following a decisive bounce from the critical $0.085 demand zone. According to reports from AMBCrypto, the price action shows strong continuation rather than temporary recovery, with the token now trading above key Exponential Moving Average (EMA) supports. The decisive reaction from the $0.085 level suggests the demand zone is holding with conviction, not just acting as a temporary floor.
The derivatives market is showing clear signs of renewed interest with Open Interest surging to $33 million over the last 24 hours, as reported by AMBCrypto. This increase in Open Interest suggests new positions are entering the market as prices move higher. The network trading volume has also recorded a sharp spike to 280 million at press time, indicating active participation from traders and investors. The percentage of supply held by whales with over 1 million tokens has surged to 55%, adding further strength to the current rally.
The timing of Hedera's rally coincides with positive external developments, as reported by AMBCrypto. The token was named as a finalist for Best Blockchain for Mainstream Financial Services at the Future of Finance Awards 2026. These fundamental catalysts, combined with the technical recovery from the $0.085 support level, tend to carry more weight when they attract fresh attention to the network. The combination of technical reactions and external validation often creates more sustainable momentum in cryptocurrency markets.
According to AMBCrypto analysis, Hedera momentum is currently under full support of both market structure and participation. The bullish momentum has returned with buyers reclaiming control, and the recent push shows no immediate signs of fading. The next key resistance level for HBAR is positioned at the $0.10 psychological resistance level, which represents a significant technical target for the current rally. The token's ability to maintain above key EMA supports while building demand suggests potential for continued upward movement.
