Hedera Price Surge 7% as $11 Trillion AUM Vanguard Group Launches HBAR ETF

Core Insights - Hedera's price increased by 6.5% as it recovered from recent selling pressure, driven by Bitcoin's rebound above $90,000 and institutional buying [1] - Vanguard, a major asset manager with $11 trillion in assets, launched its first HBAR ETF, marking a significant milestone for Hedera [1][2] Market Performance - Following the approval of the HBAR ETF by Canary Capital, Hedera's listing on Vanguard was seen as validation of its network development [2] - The Canary Capital ETF has seen $80.26 million in cumulative net inflows and $59.32 million in net assets over the past month [2] - HBAR's intraday gain of 6.72% reduced its seven-day decline to 5.39%, with demand primarily from direct spot purchases rather than speculative trading [4] Trading Dynamics - Open interest in HBAR rose by 3.5%, while futures trading volumes decreased by 16%, indicating a preference for spot accumulation [4] - The price forecast suggests that HBAR must break the double top resistance at $0.30 to continue its upward trajectory [5] Technical Analysis - The Breakout Probability model indicates a recovery potential of 20.95% against a 67.06% downside risk, reflecting a prolonged decline [6] - The RSI is at 34.73, nearing oversold territory, suggesting weak momentum but close to potential exhaustion [7] - Volume Delta remained flat, with 7.85 million net positive flow on Tuesday, but no significant large orders to counteract sell-walls [8] Resistance and Support Levels - To achieve further gains, HBAR needs to reclaim the mid-range resistance at $0.2287, which previously capped breakout attempts [9] - Failure to maintain the $0.12 zone could lead to a retest of lower support near $0.08 [9]