HBAR eyes breakout, open interest grows 2.46% to $331M

By: bitcoin ethereum news|2025/05/14 19:30:07

Positive funding rates favour bullish positioning. A flip of $0.222 may trigger a move to $0.250. Key support level remains at $0.200. Hedera Hashgraph’s native token HBAR has shown signs of upward momentum as technical indicators align in favour of a potential breakout. A Golden Cross formation has emerged after a prolonged period of rangebound movement, suggesting a shift in trend direction. At the same time, a steady rise in derivatives market activity and long contract positioning underscores increased investor confidence in the altcoin, despite a cautious broader crypto landscape. HBAR is currently trading at $0.2099, up 0.75% on the day, and is testing a key resistance level near $0.222. If this barrier is cleared and converted into support, HBAR could continue its climb toward $0.250 in the short term. A decisive breakout could also open the door to higher price discovery in the weeks ahead. Golden Cross follows failed Death Cross HBAR has recorded a bullish Golden Cross pattern, typically viewed as a key indicator of positive price action. The formation occurs when the 50-day exponential moving average (EMA) moves above the 200-day EMA. This crossover comes after a month-long Death Cross failed to trigger a significant downtrend, indicating weakening selling pressure and a potential change in direction. The presence of the Golden Cross signals that short-term momentum is now skewing in favour of buyers. Historically, this pattern has preceded strong rallies in a range of altcoins, especially when supported by market interest and volume. Open interest up 2.46% to $331 million Derivatives data from the past week supports this technical trend. HBAR’s open interest has risen 2.46%, increasing to $331.28 million. This growth implies more traders are entering the market or reinforcing their positions, suggesting steady accumulation rather than a speculative surge. The rise in Open Interest coincides with a positive funding rate, reflecting market positioning that leans toward long contracts. When funding rates are positive, traders are typically expecting higher prices and are willing to pay a premium to keep long positions open. Alongside Open Interest, trading volume in spot markets has also picked up moderately, further strengthening short-term bullish sentiment and market participation. Price levels to watch: $0.222 and $0.200 While current indicators suggest a rally may be forming, HBAR still faces key resistance at $0.222. This level has previously acted as a ceiling for the token’s price action and will need to be broken decisively to confirm the bullish trend. If HBAR can flip $0.222 into a support floor, analysts will likely begin targeting $0.250 as the next leg up. However, failure to maintain momentum could result in a period of consolidation. A drop below $0.200 would invalidate the short-term bullish case and expose the token to downside risk toward $0.182. The coming sessions will be critical as Hedera tests investor sentiment in a largely neutral market environment. A sustained move above $0.222 could shift momentum decisively in favour of the bulls. Source: https://coinjournal.net/news/hbar-price-nears-breakout-as-open-interest-climbs-2-46-to-331m/

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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