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HBAR ETF rises for three consecutive weeks, institutional entry pushes it up to $0.123 — bullish technical outlook or risk?
【Crypto World】HBAR spot ETF has recently gained some attention. Driven by continuous institutional capital inflows, this ETF has shown a weekly increase of 6.5% last week and is now trading around $0.123. More importantly, the capital flow remains strong — with a net inflow of $817,770 just this week, maintaining positive growth for three consecutive weeks.
From a technical perspective, the signals are quite positive. The MACD has shown a bullish crossover, and the bullish-to-bearish ratio has reached 1.06, indicating potential room for further upside. If institutional investors continue to add positions, breaking the $0.145 level is not a dream. However, on the flip side, rebounds can’t go on forever; technically, $0.10 below is a relatively safe support zone — once broken, a correction might be needed for some time. Therefore, the current market depends on subsequent institutional actions and closely watching that support line.