Key takeaways
- Hedera rose 6.5% in the last 24 hours and is now trading above $0.12.
- The coin could move toward $0.145 if ETF inflows continue to grow.
ETF inflows lift HBAR sentiment
HBAR, the native token of the Hedera network, climbed 6.5% over the past 24 hours and is trading around $0.123 per coin. That performance makes it one of the stronger performers among the top 30 cryptocurrencies by market capitalization.
This upward movement appears driven by increasing institutional demand. Data from SoSoValue show that spot Hedera ETFs recorded an inflow of $817,770 on Tuesday, marking the third consecutive daily inflow since last week.
If these inflows continue or accelerate, HBAR could extend its recent price gains. Additional data from CryptoQuant indicate sizable whale orders on both spot and futures markets for HBAR, suggesting potential for further upward momentum.
CoinGlass data also show the HBAR long-to-short ratio at 1.06 on Wednesday, the highest level in more than a month. That shift in the ratio reflects a bullish tilt among traders, with more participants taking long positions relative to shorts.
HBAR could push gains toward $0.145
The 4-hour HBAR/USD chart remains bullish after Hedera moved above $0.12 earlier this year. At the time of writing, HBAR is approaching the 50-period exponential moving average (EMA) on the 4-hour chart, near $0.127.
If bulls can close a daily candle above the 50-period EMA, they may be able to extend gains toward the $0.145 resistance level. Continued upside could lead to a retest of the upper trendline of a wedge pattern around $0.152.
The 4-hour RSI sits at 58, above the neutral 50 level, indicating strengthening bullish momentum. Likewise, the MACD shows a bullish crossover that remains intact.
On the other hand, if HBAR faces a correction, downside pressure could extend toward weekly support below $0.10.