Hedera trading volume spikes 125% as price hits yearly low
Hedera experienced a sharp increase of 125% in the volume of negotiation, after yesterday’s Nasdaq deposit with the American Sec to list the FNB Hbar Canary. However, the price has reached an annual level, decreasing by 10% in the last 24 hours in the middle of the broader slowdown in the cryptography market.
Ivy (Hbar) The negotiation volume increased by 125% today, because its price has dropped at an annual rate, according to Crypto.News. This increase in commercial activity comes shortly after Nasdaq deposited with the American sec to register the Canaries HBAR ETFIncreasing the probability that the dry approves the fund. If successful, the Canary Hbar ETF would provide institutional investors with an easy way to invest in Hedera.
The Hedera Prize had previously seen an impressive rally in December 2024, reaching a cycle of $ 0.40 in January. However, since he hit this summit on January 13, the token has been on the downward trajectory, creating seven consecutive barular candlesticks on the weekly graphic.
Currently, Hbar has dropped by more than 50% of its local summit and currently oscillates approximately $ 0.20, the nearest level of support at around $ 0.12 and the resistance to $ 0.34. Although the relative resistance index amounts to 48.91, indicating neutral impulse, the MacD shows a lower crossroads, suggesting that the lower pressure could continue in the short term.
Regarding recent developments, Hedera strengthens its position in institutional tokenization. The Hbar Foundation recently invested In the tokenized actions of Archax of the USD Money Market of Fidelity International. Archax, which works as the first exchange of digital assets regulated by the FCA, tokenized the MMF on the Hedera network.
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