Hedera ( HBAR ) ignored the "death cross", showing a rise of 20%.

On the daily chart, Hedera saw a “death cross” on April 14, warning of a possible decline. However, HBAR disproved bearish forecasts and rose by 20% over the last two weeks amid the overall market recovery.

In recent days, the bullish momentum of Hedera has slightly weakened, but the bulls continue to control the situation. If demand continues to grow, HBAR may show further growth.

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Bulls maintained control after the death cross

The “death cross” occurs when the short-term moving average of an asset—typically the 50-day moving average—crosses below the longer-term moving average, usually the 200-day moving average. This crossover indicates that the latest price momentum is weakening, and a long-term downward trend may form. Such a pattern often signals an increase in selling pressure. Traders typically perceive it as a sign of negative market sentiment change.

However, this does not always happen. In volatile or recovering markets, price dynamics can contradict traditional technical signals. For example, the price of HBAR has soared by 20% over the past two weeks.

Although the bullish momentum has slightly weakened over the last three trading sessions, the bulls maintain confident control. This is confirmed by the readings of the MACD (Moving Average Convergence/Divergence) indicator.

The bars of this indicator have decreased over the last three days, indicating a slowdown in growth amid market consolidation. However, the MACD line still remains above the signal line. This suggests that buying pressure is maintained. Such a configuration hints at the possibility of further price growth, despite the “death cross.”

Will HBAR continue to rise or return to $0.15

Since April 16, Hedera has been moving along an ascending trend line. Such a bullish pattern forms when an asset creates higher lows. This indicates growing investor confidence and a steady upward momentum, even amid short-term pullbacks.

For HBAR, this means that buyers continue to enter the market at higher prices, strengthening support levels. Maintaining such a trend could lead to further growth, especially if market sentiment remains positive. In this case, the price may break through resistance at $0.19 and soar to $0.23.

If sales resume, the token price may drop to $0.15.

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