HBAR has experienced a significant price increase, surging over 11% in the past 24 hours, driven by the launch of the Canary HBAR ETF in collaboration with Bitwise. This development has spurred institutional interest, with trading volume soaring 140% to $480.8 million. Analysts are optimistic about a potential breakout, eyeing a 90% increase toward the $0.40 mark, contingent on surpassing the $0.20 resistance level. Open interest in HBAR has also risen by 11.12% to $146.3 million, indicating heightened speculative activity. Market watchers are closely monitoring the $0.20 threshold, as a confirmed breakout could catalyze a rally towards $0.40, further bolstering the cryptocurrency's upward momentum.