Hedera (HBAR) prices jumped 9% to $0.23 on Monday following Nasdaq's filing with the U.S. Securities and Exchange Commission (SEC) to list Canary Capital's HBAR ETF. With trading volume hitting a 20-day peak of $377.4 million, market analysts suggest further upside potential as institutional demand grows.
Hedera (HBAR) Rally Accelerates with Nasdaq’s HBAR ETF Proposal
The Hedera Hashgraph network defied broader crypto market trends Monday as traders reacted to developments in ETF prospects for HBAR. While Ripple (XRP) and Litecoin (LTC) have seen rising institutional interest, HBAR now appears poised to join their ranks.
Key Market Movements:
- 9% price surge to $0.23 post-filing
- 377.4M 24-hour trading volume (20-day high)
- Nasdaq’s 19b-4 filing signals institutional confidence
"Canary’s 19b-4 application for their HBAR ETF—submitted after recent S-1 amendments—positions HBAR among the top altcoin ETF contenders."
— Eric Balchunas, Bloomberg Senior ETF Analyst
The filing marks a critical step toward potential SEC approval, though HBAR’s gains stabilized at ~1% by late U.S. trading hours. Technical indicators suggest bullish momentum could resume if key resistance levels break.
Why Nasdaq’s Filing Could Fuel Further HBAR Gains
Nasdaq’s move injects fresh optimism into Hedera’s ecosystem, aligning with Canary Capital’s broader strategy for digital asset ETFs.
Institutional Tailwinds:
- Canary’s HBAR Trust (launched October 2024) laid groundwork
- S-1 application under SEC review since November 2024
- Parallel Litecoin ETF (LTCC) already DTCC-listed
👉 Explore how institutional adoption is reshaping crypto markets
"Hedera’s enterprise-grade scalability makes it a standout for real-world blockchain adoption."
— Steven McClurg, CEO of Canary Capital
Analysts note that SEC approvals for Grayscale and Bitwise’s recent filings have boosted similar altcoins, suggesting HBAR may follow suit.
HBAR Price Prediction: Breaking $0.25 Could Trigger Bullish Acceleration
Technical analysis reveals a cautiously optimistic outlook for HBAR:
Key Levels to Watch:
| Indicator | Value | Implication |
|---|---|---|
| Current Price | $0.23 | Testing 20-day SMA resistance |
| Upper Bollinger Band | $0.2419 | Breakout target |
| Support Level | $0.2059 | Bottom Bollinger Band |
Momentum Signals:
- MACD hinting at bullish crossover
- Rising volume supports upward potential
- Long lower wicks indicate buyer dominance
A sustained push above $0.2419 could open a path to $0.25, while failure to hold momentum may see a retest of $0.2059 support.
FAQs: Hedera (HBAR) ETF and Price Outlook
Q: What does Nasdaq’s filing mean for HBAR?
A: It signals institutional interest and improves the ETF’s approval chances, though SEC review is ongoing.
Q: How does HBAR’s ETF compare to Bitcoin ETFs?
A: HBAR’s smaller market cap brings higher volatility but also growth potential if approved.
Q: What’s the timeline for Canary’s HBAR ETF decision?
A: The SEC typically takes months to review 19b-4 filings, with potential approvals in late 2025.
👉 Stay updated on altcoin ETF developments
Market data reflects conditions as of February 2025. Always conduct independent research before investing.
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