HBAR Gains 10% as Market Eyes Trend Reversal to $0.19

HBAR Gains and Market Trends

HBAR, the native cryptocurrency of the Hedera blockchain, experienced a 10% increase in the last 24 hours.
Market analysts suggest a potential trend reversal for HBAR, with targets set at $0.17 and $0.19 if momentum continues.
CryptoPulse identified early signs of a trend reversal as HBAR broke previous swing highs on the 4-hour chart.
Analyst Marzell noted a bullish technical pattern, including a triple-bottom formation within a demand zone, which could lead to strong reversals.

Institutional Adoption and ETFs

Growing institutional interest is evident as Coinbase supports HBAR derivatives.
The launch of HBAR ETFs has sparked institutional investment, although ETF momentum recently slowed.
The IRS now permits staking within ETF structures, potentially increasing future fund yields while maintaining tax benefits.
With Canary Capital tokenizing its HBAR ETF on the Hedera network, investor confidence in real-world adoption strengthens.

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