Hedera (HBAR) is trading at $0.1443, below the MA-20 ($0.1467), MA-50 ($0.1664), and MA-200 ($0.1995), reflecting persistent bearish bias across all observable timeframes. The session posted a 10.48% increase, as price rose from $0.1333 to $0.1443, ending close to the day’s highs after a volatile, broad-range move, but this upside is not yet supported by improving trend momentum.
Highlights
- Canary HBAR ETF (Nasdaq: HBR), the first U.S.-listed ETF with direct spot Hedera exposure, recorded inflows exceeding $80 million.
- Listing of the Canary HBAR ETF on the Vanguard platform has broadened investor access and supported Canary Capital’s digital asset suite surpassing $400 million in assets under management.
- Institutional accumulation and enterprise usage, reinforced by Hedera’s Governing Council, are underpinning sustained demand for the Hedera ecosystem.
ETF inflows and council backing drive uptick in institutional demand
Institutional interest in Hedera has grown recently, evidenced by robust inflows into the newly launched Canary HBAR ETF (Nasdaq: HBR), which marks the first U.S.-listed ETF offering direct spot exposure to the token. The ETF is now available on the Vanguard platform, granting wider access to investors and contributing to inflows surpassing $80 million and assets under management for Canary Capital’s digital asset suite climbing over $400 million. Ongoing accumulation and enterprise usage, backed by Hedera’s Governing Council, emphasize sustained demand for the ecosystem.
Bearish momentum persists as key averages cap upward moves
HBAR faces persistent bearish momentum, with price holding below all key moving averages and the nearest resistance defined by the Ichimoku Kijun at $0.1606. There is no immediate major Ichimoku-based support within the current range. Bearish momentum dominates daily indicators: MACD signals a strong sell, ADX trend strength remains weak, RSI sits at 35.87, and CCI is deeply negative at -112.35, both near oversold territory. The Stoch RSI is neutral, while BBP confirms ongoing selling activity; despite bullish intraday gaps and some short-term oscillator improvement, dominant trend signals and longer timeframe momentum remain negative.
Previously it was reported that HBAR remained under pressure, trading below all major moving averages with bearish momentum signals from both MACD and ADX, and oscillators like RSI and CCI hovering at oversold levels. Analysts expected typical volatility would likely keep the coin trading sideways within a consolidating range, with breakout risk tied to resistance at the Kijun line — with breakout risk tied to resistance — and further downside possible if seller momentum intensified.
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