HBAR Price Jumps 26% in a Week — Momentum Is Hot, But Inflows Are Not

Hedera (HBAR) has experienced a significant 26% price increase over the past week, boosting trader optimism, partly due to the launch of Canary Capital's spot HBAR exchange-traded fund (ETF).

However, on-chain data indicates this rally may lack organic backing. While weighted sentiment has spiked following the ETF debut, the Chaikin Money Flow (CMF) indicator shows no corresponding surge in capital inflows, suggesting the momentum is overheated and potentially unsustainable without new investment.

Currently trading around $0.2048, HBAR is testing resistance near $0.212. If profit-taking occurs without fresh inflows, the price could fall back to support at $0.200 or even $0.178; conversely, increased ETF-driven inflows could push it past $0.217 toward $0.23.

(Source：BeInCrypto)