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Hedera HBAR Approaches $0.118 Resistance After $53 Million Institutional Accumulation

Hedera HBAR Approaches $0.118 Resistance After $53 Million Institutional Accumulation

Author:

Global Cryptocurrency

Published:

2025-12-30 04:04:09

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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News -

Hedera's HBAR token is attracting significant institutional capital, highlighted by Canary's HBAR ETF recording a $1 million inflow on December 24. This activity has resulted in the accumulation of 473 million HBAR tokens, worth approximately $53 million, underscoring growing confidence in the Hedera blockchain's scalability and sustainable enterprise model.

Technical analysis indicates HBAR is testing a crucial resistance level at $0.118. A successful breakout could propel the price toward the $0.14 target, while failure to breach this level may lead to a short-term consolidation or pullback. Continued institutional adoption and strategic network partnerships are fueling bullish sentiment for HBAR's trajectory into 2024.

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