Hedera’s Price Rises, But Long-Term Trend Remains Bearish

Hedera (HBAR) surged 9.1% in the past 24 hours, reaching a new peak above $0.1469, but this rebound isn’t changing the overall bearish trendline for the network. A major catalyst for this move has been Canary Capital’s HBR Hedera ETF, which saw its holdings increase to nearly $55 million in value.