Hedera News Alert: HBAR ETF Attracts $8M, Whale Accumulation Signals $0.27 Target

Hedera News: HBAR price extends its rally above $0.20 on Thursday, climbing over 13% this week following the debut of Canary Capital’s spot ETF on the NYSE.

The newly launched HBAR ETF attracted approximately $8 million in first-day trading volume according to Bloomberg’s Senior ETF Analyst Eric Balchunas, signaling robust institutional and retail demand for regulated exposure to Hedera’s ecosystem.

On-chain metrics remain bullish with transaction volume surging to $1.17 billion on Tuesday—the highest level since July 19—while CryptoQuant data shows large whale orders and buy dominance. Technical analysis indicates HBAR broke above the falling wedge pattern and 50-day EMA at $0.19, with RSI at 58 and bullish MACD crossover suggesting momentum toward July 31 high of $0.27.

HBAR ETF Debut: Institutional Gateway Opens on NYSE

HBAR ETF Debut

(Source: X)

What does the latest Hedera News mean for HBAR’s market structure? Canary Capital’s announcement on Tuesday marked a watershed moment for Hedera adoption. The asset management company launched the Hedera spot ETF (ticker: HBR) on the New York Stock Exchange, providing traditional investors with regulated exposure to HBAR without the technical complexity of wallet management, private keys, or exchange accounts.

Eric Balchunas, Bloomberg’s Senior ETF Analyst known for accurate ETF flow tracking, confirmed on Thursday that HBR attracted approximately $8 million in inflows during its first trading session. This initial demand demonstrates meaningful appetite for Hedera exposure among both institutional allocators and retail investors using brokerage accounts. The $8 million figure, while modest compared to Bitcoin or Ethereum ETF launches, represents significant validation for an altcoin ETF debut.

Why do spot ETFs matter for cryptocurrency adoption? Traditional investment vehicles face regulatory and custodial barriers when directly holding digital assets. Pension funds, registered investment advisors, and wealth management platforms often cannot buy cryptocurrencies outright due to compliance restrictions. Spot ETFs solve this problem by providing regulated securities that track underlying crypto assets while meeting fiduciary standards.

For Hedera specifically, the ETF launch enhances several growth vectors:

Liquidity Enhancement: ETF shares trade continuously during market hours, creating additional price discovery mechanisms beyond cryptocurrency exchanges. This dual-market structure typically tightens bid-ask spreads and reduces volatility.

Legitimacy Signal: NYSE listing requires rigorous regulatory approval processes. The fact that Hedera passed these scrutiny hurdles signals to institutional investors that HBAR meets professional investment standards.

Capital Accessibility: Trillions of dollars sit in tax-advantaged retirement accounts (401ks, IRAs) that cannot directly hold cryptocurrencies. ETFs unlock this capital pool for Hedera exposure, dramatically expanding the potential investor base.

This Hedera News development positions HBAR alongside Bitcoin, Ethereum, and Solana as cryptocurrencies with mainstream investment product accessibility—a crucial step in transitioning from speculative asset to institutional portfolio component.

On-Chain Metrics Confirm Bullish Momentum

Hedera Price

(Source: CryptoQuant)

Beyond the ETF catalyst, what do on-chain fundamentals reveal about HBAR’s trajectory? Multiple data sources paint a bullish picture of accumulation and increasing network activity.

Transaction Volume Surge: Santiment data shows Hedera’s transaction volume spiked to $1.17 billion on Tuesday—the highest level since July 19 and representing a near-doubling from recent baseline levels around $640 million. This surge indicates renewed trader interest and liquidity flowing into the HBAR ecosystem. Higher transaction volumes typically precede sustained price movements as they reflect actual network usage rather than speculative positioning.

Whale Accumulation Patterns: CryptoQuant’s summary data reveals large whale orders and buy dominance in both HBAR spot and futures markets. Whale accumulation—when addresses holding substantial HBAR increase their positions—historically precedes major price rallies. These sophisticated holders typically have access to privileged information about network developments, partnerships, or technical upgrades that justify increased exposure.

The combination of whale buying and retail interest creates optimal supply-demand dynamics. When large holders accumulate while retail participation increases (evidenced by rising transaction counts), available supply for sale contracts while demand expands. This supply squeeze mechanism often catalyzes explosive price movements in cryptocurrency markets.

Network Activity Metrics: Beyond transaction volume, Hedera’s daily active addresses and smart contract deployments show steady growth. The Hedera network processes enterprise-grade applications for organizations including Google, IBM, and Boeing through its governing council structure. Increasing real-world usage provides fundamental value support beyond speculative trading dynamics.

Technical Analysis: Falling Wedge Breakout Targets $0.27

HBAR/USDT Price

(Source: Trading View)

What does the price chart reveal about HBAR’s near-term trajectory? Technical indicators across multiple timeframes signal bullish continuation potential.

Falling Wedge Breakout: HBAR broke above the lower trendline of a falling wedge pattern on Tuesday, rising 8.62% by Wednesday to close above the 50-day Exponential Moving Average (EMA) at $0.19. Falling wedges are continuation patterns that typically resolve upward after compressing price within converging trendlines. The breakout’s validity strengthens as HBAR holds above $0.19, transforming prior resistance into new support.

Moving Average Dynamics: The 50-day EMA at $0.19 represents a critical dynamic support level. HBAR’s ability to reclaim and hold this moving average after weeks of trading below signals shifting momentum from sellers to buyers. The next resistance comes from the 200-day EMA, which could provide temporary friction before price targets the July 31 high at $0.27.

RSI Momentum Confirmation: The Relative Strength Index (RSI) reads 58 on the daily chart—above the neutral 50 level but well below overbought territory at 70. This positioning indicates bullish momentum has room to expand without triggering immediate mean reversion. Rising RSI from oversold levels (below 30) into bullish territory (above 50) typically precedes sustained uptrends as buying pressure overwhelms selling interest.

MACD Bullish Crossover: The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover last week, providing a buy signal that remains active. Additionally, rising green histogram bars above the neutral line confirm accelerating bullish momentum. MACD crossovers from bearish to bullish territory often mark inflection points where downtrends reverse into uptrends, making this signal particularly significant for position timing.

If HBAR continues its upward trajectory supported by ETF inflows and on-chain strength, the next logical target sits at $0.27—the July 31 high. This level represents a 35% gain from current prices near $0.20, offering attractive risk-reward for traders using $0.19 support as a stop-loss reference.

Risk Factors and Downside Scenarios

What could derail this bullish Hedera News momentum? Several factors warrant consideration:

Profit-Taking Pressure: After a 13% weekly gain, early buyers may take profits near round-number resistance at $0.25 or psychological resistance at the July high. Temporary consolidation or pullbacks are normal during uptrends and don’t necessarily invalidate the bullish thesis.

Broader Market Correlation: HBAR remains highly correlated to Bitcoin and overall cryptocurrency market sentiment. If Bitcoin experiences a correction from current levels near $110,000, altcoins including HBAR typically suffer amplified downside moves. Monitoring Bitcoin support levels provides early warning of potential HBAR weakness.

ETF Flow Sustainability: The $8 million first-day ETF volume, while encouraging, needs to sustain and grow to provide lasting price support. If inflows stall or reverse to outflows in coming weeks, the bullish catalyst weakens significantly.

On the technical downside, if HBAR faces correction and loses the $0.19 support (50-day EMA), the next support zone sits near $0.17—the middle of the former falling wedge pattern. A breakdown below $0.17 would invalidate the bullish structure and potentially trigger deeper retracement toward $0.15.

Trading Strategy Considerations

How should traders approach this setup based on the latest Hedera News? Multiple timeframe analysis suggests clear risk parameters:

Conservative Entry: Wait for a pullback to retest $0.19 support, confirming the 50-day EMA holds. This approach sacrifices potential gains in exchange for higher-probability entry at confirmed support.

Aggressive Entry: Buy current levels near $0.20 with stop-loss below $0.19. This maximizes potential gains toward $0.27 but accepts higher risk if immediate consolidation occurs.

Target Levels: Initial profit-taking near $0.25 (round number), with final target at $0.27 (July high). Traders might sell half positions at $0.25 and trail stops on remaining positions to capture extended moves beyond $0.27 if momentum continues.

Conclusion

The latest Hedera News surrounding HBAR’s NYSE ETF debut and surging on-chain metrics provides multiple bullish catalysts converging simultaneously. The $8 million first-day ETF volume demonstrates institutional appetite, while $1.17 billion in transaction volume and whale accumulation signal strong fundamental demand. Technical breakout above the falling wedge pattern and 50-day EMA at $0.19, combined with bullish RSI and MACD signals, targets the July 31 high at $0.27—representing 35% upside potential. However, traders should monitor broader cryptocurrency market conditions and ETF flow sustainability while maintaining disciplined risk management with stops below $0.19 support.

HBAR6.82%
Last edited on 2025-10-30 06:21:08
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