Key Insights
- Hedera (HBAR) price rose 15% to $0.213 as the Canary Capital ETF officially began trading on Nasdaq, boosting market optimism.
- The ETF holds physical HBAR, insured by BitGo and Coinbase Custody, offering new institutional access to the Hedera ecosystem.
- Analysts project HBAR could reach $0.30 if trading volume remains strong and the current bullish momentum continues.
Hedera Hashgraph (HBAR) gained nearly 15%, crossing the $0.20 threshold after the Canary Capital ETF began trading on Nasdaq on October 28, 2025. The fund, listed under the ticker HBR, offers direct exposure to HBAR, attracting institutional investors to the blockchain network.
The ETF holds physical HBAR tokens, fully insured by BitGo and Coinbase Custody. Its pricing is benchmarked by CoinDesk Indices, ensuring transparent valuation for investors. The product entered the market through a regulatory window created during a temporary U.S. government shutdown, allowing automatic authorization for several crypto-backed funds.
Market Reaction and Technical Performance
Following the ETF’s debut, HBAR traded at $0.213, maintaining steady upward momentum. The surge coincided with fresh inflows of around $14 million into HBAR-related assets. In contrast, earlier outflows in March had briefly pressured prices. The recent rise above the $0.20 resistance marks a significant shift in market sentiment toward Hedera.
According to TradingView data, the Relative Strength Index (RSI) stands at 86, indicating overbought conditions, while the Moving Average Convergence Divergence (MACD) confirms a bullish crossover. These indicators highlight strong buying pressure. Analysts suggest potential resistance at $0.23 and $0.25, with an extended target of $0.30 if momentum continues.
Support Levels and Price Outlook
In the event of a pullback, key support levels are set at $0.19 and $0.18. A decline below these levels could trigger further correction toward $0.16. However, with increasing institutional participation through the new ETF, many traders expect continued upward movement as liquidity deepens.
The launch of the Canary Capital ETF marks a pivotal development for Hedera, expanding its reach within traditional financial markets. Sustained inflows and bullish technical indicators suggest that HBAR may continue its upward trajectory, with the $0.30 level emerging as a realistic short-term target.
