The recent increase in market activity has led to a rise in positive sentiment towards Hedera (HBAR), with traders showing confidence in potential price increases.

The long/short ratio for HBAR has reached its highest point in the last month, indicating a change in trader positions.

Traders are increasingly favoring long positions for HBAR, as shown by the current long/short ratio of 1.09 surpassing previous levels.

An asset's long/short ratio compares the number of long positions (bets on price rise) to short positions (bets on price decrease). A ratio over one suggests a positive market sentiment as traders are mostly optimistic about the altcoin's performance.

The growing futures open interest for HBAR, amounting to $205 million and a recent 18% increase, signifies a rise in demand for the altcoin. HBAR's value has also seen a nearly 10% increase during this period.

The escalating open interest, along with the price rise, indicates a strong belief in HBAR's upward trajectory.

Currently, HBAR is trading at $0.187, surpassing the resistance level at $0.190. If demand continues to strengthen and the price remains above this level, the token could potentially climb to $0.199.

However, if market control shifts back to the bears, the bullish scenario may not materialize, leading to a potential price decline to $0.153.