HBAR Sees Major ETF Inflows, Puts Breakout to $0.19 Back on Table

Hedera Hashgraph's native cryptocurrency, HBAR, has been experiencing some oversold signs on multiple time-frames, which is a bullish signal. However, technical analysis suggests a high probability of a pullback towards the $0.07 support zone before a potential breakout.

Institutional interest in HBAR has picked up, with the cryptocurrency pulling in $863.98K in ETF inflows on August 25, marking its best daily result since July 2. This has pushed the cumulative net inflow to $107.48M, mainly thanks to Canary Capital's NASDAQ-trading HBR ETF.

The net assets of the ETF have increased by $56.88 million in a week, restoring momentum that nearly reached quarterly highs. The question now is whether big-time investors are ready to back up HBAR at the $0.07 support territory before heading towards the 0.382 Fibonacci level at $0.103.