HBAR, the native cryptocurrency of the Hedera blockchain, has surged 6.5% in the past 24 hours, trading at $0.123. This rise positions HBAR as one of the top performers among the leading 30 cryptocurrencies by market capitalization. The increase is driven by significant institutional interest, with Hedera spot ETFs seeing an inflow of $817,770 on Tuesday, marking the third consecutive day of positive inflows. Market data indicates a bullish sentiment for HBAR, with large whale orders in both spot and futures markets. The long-to-short ratio has reached 1.06, the highest in over a month, suggesting more traders are taking long positions. If the current momentum continues, HBAR could target the $0.145 resistance level, especially if it closes above the 50-day EMA at $0.127. However, a correction could see the price dip below $0.1.
HBAR Rises 6.5% Amid ETF Inflows, Targets $0.145
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