HBAR surges on ETF demand and whale activity, eyes $0.145 resistance HBAR, the native token of the Hedera network, climbed about 6.5% in the past 24 hours and is trading near $0.123 — making it one of the top performers among the 30 largest cryptocurrencies by market cap. What’s driving the move - Institutional interest: Data from SoSoValue shows Hedera spot ETFs logged an $817,770 inflow on Tuesday — the third straight day of positive flows since last week. Continued inflows could add fuel to the rally. - Whale activity: CryptoQuant reports large orders in both HBAR spot and futures markets, a sign that big players may be positioning for further upside. - Retail and derivatives bias: CoinGlass data puts HBAR’s long-to-short ratio at 1.06 on Wednesday, the highest in over a month. A ratio above 1 indicates more traders are taking long positions than shorts, underscoring bullish sentiment. Technical outlook - Short-term structure: The HBAR/USD 4-hour chart is bullish after the token pushed above $0.12 earlier this year. HBAR is trading just below the 50-day Exponential Moving Average (EMA) at roughly $0.127. - Key levels to watch: A daily close above the 50-day EMA would likely open the door to the $0.145 resistance. If momentum continues, HBAR could retest the upper trendline of the wedge pattern near $0.152. - Indicators: The 4-hour RSI sits at about 58 (above the neutral 50), suggesting bullish momentum is building. The MACD also shows a bullish crossover that remains intact. Risk scenario - If HBAR fails to sustain gains and reverses, the token could slide toward weekly support beneath $0.10. Bottom line Growing ETF inflows, sizeable whale orders, and a favorable derivatives bias are supporting HBAR’s short-term rally. Confirmation would come with a clean daily close above the 50-day EMA; otherwise, a pullback toward sub-$0.10 support remains possible. Read more AI-generated news on: undefined/news

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