Hedera Price Rises as ETF Inflows and Technical Analysis Align

Hedera's (HBAR) price has been steadily increasing over the past few sessions, and recent ETF inflow data suggests that this trend may continue. According to Hailey LUNC XRP on X, Canary's spot Hedera ETF absorbed over $818,000 in net inflows on September 10, marking its biggest inflow day since August 25.

This influx of funds has added weight to the market's bullish sentiment, with many analysts believing that HBAR is due for a breakout. The cryptocurrency's technical analysis also supports this view, as it has been climbing steadily while taking support from an ascending trendline.

On the Hedera USDT perpetual chart on Binance, the price has been forming higher lows, which is a strong indication of an uptrend. The hourly oscillator is currently reading above 60, indicating a bullish momentum. If HBAR breaks and closes above $0.07749, it could confirm a fresh higher high and open the path towards its next resistance levels at $0.08100 and then $0.08319.

However, if the price breaks and closes below $0.07391, it would put the ascending trendline structure in question, with the next support sitting at $0.07264. This level is where the market would need to show stability before this Hedera price outlook could remain bullish.