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Hedera Price Rises 6.5% with Vanguard Launching First HBAR ETF
- Hedera (HBAR) surged 6.5%, aligning with the broader market's response to Bitcoin's rise above $90,000, driven by institutional buying.
- Vanguard launched its first HBAR ETF, seen as a significant development for Hedera.
- Canary Capital’s HBAR ETF, trading on NASDAQ, reported $80.26 million in net inflows over the past month.
- HBAR saw a 6.72% intraday gain, reducing its seven-day decline to 5.39%. The demand was mostly from spot purchases.
- Despite increased spot activity, derivative markets showed limited engagement, with futures volumes down 16%.
- HBAR is resisting at levels near $0.30, with a potential downside risk of 67.06% if the support fails.
- RSI indicates nearing oversold conditions but lacks a definitive reversal signal.
- To move higher, HBAR needs to break above $0.2287; failure could see it test support around $0.08.


