HBAR Eyes $0.20 After Hedera-Axelar Collaboration Boosts Market Sentiment

HBAR surged nearly 12% after Hedera integrated with Axelar, boosting cross-chain functionality.

Whales increased accumulation, signaling strong confidence in short-term bullish momentum for HBAR.

Derivatives and Stochastic RSI support suggest potential rally toward $0.20 if buying pressure continues.

At press time, Hedera’s HBAR was showing strong signs of bullish momentum after the Axelar integration. Traders reacted quickly, pushing HBAR up nearly 12% in the last 24 hours. The collaboration links Hedera with over 60 major blockchains, opening doors for cross-chain functionality and enhanced liquidity. Investors are watching closely as developer activity and asset transfers could expand significantly. With whales entering the market and derivatives favoring buyers, HBAR could be gearing up for a sustained rally.

Axelar Integration Strengthens Hedera’s Position

Axelar now connects Hedera to a broad multi-chain network, enhancing cross-chain transactions and liquidity flow. This integration gives developers more flexibility to build and deploy decentralized applications efficiently. Traders see this as a major catalyst, with the market reacting instantly to potential growth in Hedera’s utility. Hedera whales have increased accumulation around current trading levels, signaling confidence in the token’s future performance.

Large buy orders suggest that demand could continue if cross-chain activity picks up. On the derivatives side, the funding rate exceeded 1%, showing that long-position holders are willing to pay to maintain exposure. The Long/Short Ratio currently stands at 1.7, reflecting a market dominated by buyers. Nearly double the number of long positions exist compared to shorts. These indicators suggest that bullish sentiment is holding strong. Traders now consider whether HBAR can maintain momentum and push toward the $0.20 mark.

Will HBAR’s Rally Continue?

The integration and whale activity indicate potential for further upside in the short term. Positive derivatives signals, combined with strong accumulation, suggest that HBAR could experience increased volatility to the upside. Traders are watching price movements closely to see if the current bullish trend holds. Stochastic RSI is bouncing from an oversold region, adding confidence for long holders. If buying pressure remains consistent, resistance at $0.20 could be tested soon.

While broader market conditions will influence performance, Hedera appears well-positioned to sustain momentum. Developers and investors are eyeing further expansion of cross-chain activity as a key driver. Overall, HBAR’s market sentiment is turning strongly bullish after the Axelar partnership. Whale accumulation, favorable derivatives metrics, and increased utility prospects create a promising environment.

Traders should monitor key support and resistance levels as the token navigates this potential rally. If buyers maintain dominance, Hedera could reach new short-term highs and confirm the optimism surrounding this collaboration. HBAR’s move highlights how strategic partnerships can impact market perception and trading behavior. The Axelar integration offers not just immediate gains but long-term potential for liquidity and developer engagement.