Hedera HBAR Gains on ETF Inflows, Eyes $0.135 Resistance
Hedera Hashgraph (HBAR) is edging higher as institutional inflows fuel cautious optimism. The token is currently trading at $0.1084 with a 24-hour volume of $294.32 million, reflecting a 0.31% gain amid ongoing market volatility. Analysts highlight that the Canary HBAR ETF's recent $3.31 million inflow signals growing institutional interest in the asset.
Despite the positive momentum, technical warnings persist. CryptoPulse's bearish alert from January 8 proved accurate when HBAR failed to break through the critical $0.124-$0.135 resistance zone, leading to an 11% decline. Traders are advised to consider securing partial profits and tightening their risk management protocols in this environment.