Hedera (HBAR) Gains Traction This Week, Surpassing 15% Surge

Hedera (HBAR) is experiencing a notable week-over-week surge, defying bearish trends in the broader cryptocurrency market. Price has jumped over 15% in just the past day and currently trades around $0.1930. This rally aligns with surging trading volume exceeding 120%, suggesting increased investor confidence. The rise is intriguing as it coincides with a recent outflow of more than $1.17 billion from Bitcoin and Ethereum ETFs, while HBAR-focused funds saw significant inflows of $26.8 million last week. These institutional investments highlight the Hedera’s focus on enterprise-level solutions such as CBDCs, supply-chain tracking, and regulated infrastructure, as key drivers for support. Notably, the newly launched Canary HBAR ETF has already amassed over $71 million in assets under management (AUM), demonstrating early market interest. Technical Analysis: The Hedera chart reveals a strong rebound from the $0.155-$0.16 zone, acting as a robust support level. This bounce triggered increased buying pressure, sending HBAR price toward resistance around $0.19-$0.20. While a recent high-point was reached at $0.219 in late October, the current momentum suggests a sustained upward trend. Market Indicators: Momentum indicators are aligning with the recent price movement, with the RSI hovering near 40%, indicating strength without being overbought. This provides room for HBAR to continue climbing if buying activity persists. Open interest is stabilizing around $150 million, suggesting a steady flow of new positions without excessive leverage. Shorts have eased slightly while long positions have picked up – further indicators of improved sentiment within the market. The MACD on the 4H chart also shows positive momentum with expanding green histogram bars. This shift supports trend continuation rather than a quick retrace. Hedera Price Outlook for This Week: Hedera’s immediate focus this week is to reclaim and hold its position above $0.20. A successful break would pave the way toward the $0.215-$0.22 area, a zone where previous sellers stepped in. A breakout here could propel HBAR towards the $0.24 mark, which hasn’t been tested since October. If the Hedera price cools off instead, support remains at $0.175 and then at the more robust $0.155-$0.16 zone. As long as HBAR stays above this lower level, its short-term bullish setup remains intact. Hedera’s recent surge is a testament to its promising future in the crypto market. With strong ETF inflows, rising volume, and positive technical signals, Hedera is poised for continued upside as we move forward.