The cryptocurrency investment company Canary Capital has submitted a proposal to the SEC for the first Hedera HBAR ETF fund. This will provide institutional investors with direct access to the HBAR token if approved. These moves have attracted market attention, reflected in the increase in open interest for HBAR. At the time of writing, it stands at 222 million USD, having increased by over 1000% in the past 30 days.
HBAR Price Prediction: There are still many growth opportunities
The Super Trend indicator of HBAR on the daily chart shows the potential for continued price increase. The current price is above the green line of the indicator, reflecting bullish pressure. The Super Trend indicator tracks the direction and strength of price trends, appearing as a line on the chart. Green indicates an uptrend, while red indicates a downtrend
