A recent influx of $818k into the HBAR ETF by Canary Capital comes as the cryptocurrency approaches its resistance level at $0.0762.
The price of HBAR has surged to a high of $0.07605 in the past day, with trading volume reaching $40.52 million.
However, the Chaikin Money Flow indicator for HBAR remains negative, indicating that there may be selling pressure in the market.
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