HBAR Breaks Out of Consolidation on ETF Optimism and Institutional Interest
Hedera’s native token HBAR climbed roughly 2% over 24 hours, culminating in a late-session breakout after trading in a narrow range around $0.22. Despite a dip in overall volume from 138 million to 19.7 million tokens, the token maintained a steady consolidation, signaling accumulation by investors.
The breakout occurred during the final trading hour when HBAR reversed from an intraday low of $0.22 and breached resistance, reaching session highs above that level. Market watchers link the move to growing institutional interest and optimism around Hedera’s ecosystem, particularly following news of Canary Capital’s proposed HBAR spot ETF (ticker: HBR) with a 0.95% management fee. Regulatory progress has been temporarily delayed due to the U.S. government shutdown affecting the SEC, but anticipation remains strong.
Technical Overview:
- HBAR traded in a tight $0.22 range, confirming solid support.
- Late-session volume spikes above 4.3 million tokens indicated institutional buying.
- The reversal from the intraday low validated a breakout from the consolidation pattern.
The token’s recovery highlights its resilience amid muted market conditions and reflects continued investor focus on ETF developments and Hedera’s ecosystem growth.
