The recent price movement of Hedera's cryptocurrency, HBAR, has been on the rise, but a lack of strong bullish signals in the overall market has prevented a significant surge. A notable development is the Golden Cross formation, indicating a potential shift towards bullish momentum for HBAR.

The Golden Cross, where the 50-day EMA crosses above the 200-day EMA, suggests that short-term price trends may start to climb. This change follows a previous Death Cross pattern that failed to impact prices significantly, reinforcing the idea of a potential upward movement for HBAR.

Market sentiment towards HBAR has been improving despite mixed signals in the broader crypto market. The increase in Open Interest by 55% to $340 million over the last week shows growing optimism among traders. Additionally, a positive funding rate and dominance of long contracts in the market indicate a bullish outlook, with more participants likely entering the market.

HBAR is currently priced at $0.213, close to the $0.222 resistance level. The recent positive momentum combined with the Golden Cross and rising Open Interest suggests that HBAR may break through this resistance and continue its upward trend. If this occurs and $0.222 becomes a support level, HBAR could aim for $0.250, attracting more investors.

Failure to surpass the $0.222 resistance may result in consolidation around current levels. A drop below the $0.200 support could reverse the bullish sentiment, pushing HBAR towards $0.182. The upcoming price action will determine whether HBAR can maintain its upward trend or face a corrective phase.