HBAR Slides to $0.217 Before Recovering Amid Institutional Accumulation
24 September 2025
Hedera’s HBAR experienced a volatile trading session, ultimately posting modest gains as institutional accumulation emerged at key support levels.
Over a 23-hour window from September 23–24, HBAR traded between $0.217 and $0.225, closing up 0.9% despite sharp intraday swings. A steep drop to $0.217 at 04:00 on September 24 marked a critical support zone, followed by a strong rebound, while $0.225 remained a key resistance level.
Trading volume data points to institutional buying during the selloff. Turnover spiked to 97.05 million at 04:00—well above the average 37.89 million—indicating accumulation at lower prices. Later in the session, HBAR slipped from $0.224 to $0.223 in the final hour on volume nearly three times the norm, reflecting distribution pressure.
Market activity coincided with a major development: Canary Capital filed for a spot HBAR ETF with a 1.95% expense ratio. Analysts say the filing underscores growing institutional interest in Hedera’s hashgraph technology and could bolster long-term growth, with projected price targets of $0.50 by 2025–2026 and $1.60 or higher by 2030.
Near-term performance will hinge on whether support at $0.217–$0.218 holds and if continued institutional demand offsets selling pressure around $0.225.
Technical Summary:
- Support established at $0.217–$0.218
- Resistance remains firm near $0.225
- Volume surge to 97.05 million at 04:00 indicates institutional buying
- $0.007 trading range reflects 3.22% volatility over the 23-hour period
- Final hour volume tripled to 1.79 million, signaling distribution
