HBAR's price action is exhibiting a bullish divergence on the daily chart, with the RSI indicator rising despite the cryptocurrency making lower highs and lows. A dragonfly-shaped Doji candle on the weekly chart suggests a potential reversal, although confirmation is awaited. Meanwhile, Canary Capital has increased its HBAR ETF holdings to 428.3 million tokens, accounting for 0.86% of the total supply, as institutional interest grows.
Despite these positive indicators, HBAR's price has dropped by approximately 5% in the last 24 hours, with the market cap struggling to maintain above $6 billion. The market remains cautious as traders await further confirmation of a trend reversal.
HBAR Shows Bullish Divergence as Canary Capital Increases ETF Holdings
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