HBAR Gains 2% as Institutional Interest and ETF Speculation Boost Momentum
Hedera’s native token HBAR climbed roughly 2% over a 24-hour period, breaking out of a prolonged consolidation around $0.22. The token held steady despite a drop in trading volume from 138 million to 19.7 million, signaling accumulation and stable investor interest.
The late-session breakout saw HBAR rebound from an intraday low of $0.22, surpass resistance levels, and reach new session highs. Analysts attribute the move to growing institutional attention and optimism around Hedera’s ecosystem, fueled by Canary Capital’s pending HBAR spot ETF (ticker: HBR) with a proposed 0.95% management fee. Regulatory review has been delayed due to the U.S. government shutdown, but ETF anticipation continues to drive market sentiment.
Technical Highlights:
- Support at $0.22 held firm through consolidation.
- Volume spike above 4.3 million tokens confirmed renewed buying pressure.
- Breakout suggests potential continuation of upward momentum.
HBAR’s performance demonstrates resilience amid subdued market conditions, driven by ETF hopes and institutional engagement.
