- The Nasdaq listing of the Canary HBAR ETF introduced direct institutional access, pushing daily trading volume above $1.03 billion in 24 hours.
- Analysts identified a confirmed breakout pattern in HBAR’s chart, projecting targets between $0.33 and $0.34 amid strong accumulation signals.
- Long-term charts show Hedera ending a two-year downtrend, with analysts setting bullish targets near $0.50 and $0.82 in coming months.
HBAR experienced a surge in trading activity following the launch of the Canary HBAR ETF on Nasdaq. The newly listed spot ETF provides regulated exposure to the Hedera network’s native token, attracting institutional attention and propelling prices above the key $0.20 level.
Analysts Observe a Developing Technical Breakout
Market strategist ZAYKCharts shared an 8-hour chart of the HBAR/USDT pair, showing a descending channel that has persisted for several months.
HBAR chart projects a 50–60% upside move, with potential targets between $0.33 and $0.34. According to the analysis, a decisive close above the channel’s upper boundary with rising volume would confirm a bullish breakout and initiate a medium-term uptrend.
If the breakout fails, the analyst added that prices could retrace toward the $0.17–$0.15 support zone. The pattern’s gradient zones suggest momentum shifting from bearish (blue) to bullish (orange), indicating a structural change in market sentiment.
Broader Market Structure Signals Long-Term Recovery
A separate analysis from @JavonTM1 presented a macro view of HBAR’s long-term price behavior. The token formed a two-year downtrend that bottomed between $0.035 and $0.04.
JavonMarks identified target levels near $0.50 and $0.82, derived from Fibonacci extensions of previous swing highs. These levels are viewed as potential resistance and profit-taking zones.
The alignment of technical recovery with institutional inflows from the new ETF supports the growing interest around Hedera. With volume and momentum strengthening, market participants are closely observing whether HBAR can sustain its move above the $0.21 threshold and extend toward higher resistance levels.
Nasdaq Launch of the Canary HBAR ETF
The Canary HBAR ETF, listed under the ticker HBR, began trading on Nasdaq on October 28, 2025.According to the listing circular, the ETF holds actual HBAR in custody with BitGo and Coinbase Custody, while using CoinDesk Indices for transparent pricing data.
Following the ETF’s debut, CoinGecko reported that HBAR’s price rose by 17.9%, reaching around $0.2135. The 24-hour volume also expanded sharply to $1.03 billion, indicating robust inflows. The token’s value against Bitcoin climbed nearly 19%, reflecting growing demand across both crypto and fiat pairs.
Crypto market analyst CryptoWinkle noted that institutional participation surged after the ETF launch. HBAR successfully broke above the $0.20 resistance level, suggesting potential movement toward $0.23 and $0.30. Increased liquidity and a confirmed breakout pattern signal the start of what some traders describe as Hedera’s “momentum phase.”
