After filing Nasdaq with the US SEC to list the Canary Habur ETF, Hadera saw an impressive 125% increase in the trading volume. However, there has been a decline of 10% in the last 24 hours amid the recession in the broad crypto market.
According to crypto.news, Hadera (HBAR) trading volume increased by 125% today, as its price decreased annually. In trading activity, this spike comes immediately after being filed with the US SEC to list the Habar ETF of the canary, which increases the possibility of approval of the fund to SEC. When successful, Canary Hbar ETF will provide institutional investors an easy way to invest in Hedera.
The price of Hedera first saw an impressive rally in December 2024, reaching a high level of a $ 0.40 in January. However, since killing the peak on January 13, the token has been on the trajectory of recession, making seven consecutive recession candlesticks weekly charts.
So far, HBAR has fallen more than 50% from its local high and is currently hovering around $ 0.20, resistance to approximately $ 0.12 and $ 0.34 with the nearest support level. Although the relative power index is at 48.91, the MACD shows a recession crossover, indicating a neutral speed, suggesting that the pressure downwards may continue in the short term.
As far as recent developments are concerned, Hedera is strengthening its position in institutional tokens. Hbar Foundation recently invested in shares with the token of Archax of USD Money Market Fund of Fidelity International. Archax, which first operates as FCA-regulated Digital Asset Exchange, has token MMF on the Hedera network.
