Hedera Price Spikes 3% Amid HBAR ETF Debut Attracting $8 Million in First-day Trading
Highlights:
- The Hedera price has risen 3% to $0.20, with the volume skyrocketing 19%.
- ETF analyst Eric Balchunas says the newly launched HBAR ETF attracted $8 million on the first day.
- The technical outlook shows a potential breakout towards $0.30 if the resistance at $0.2065 gives way.
The Hedera price has extended its gains above $0.20 mark, marking 3% gains today. The daily trading volume has notably soared 19% indicating intense market activity. This slight surge comes amid the introduction of the Canary HBAR ETF ($HBR) by Canary Capital. It is an ETF that allows investors to have direct exposure to HBAR, the native token of the Hedera Hashgraph network. This is an alternative to blockchain with a high throughput, low transaction fees, and energy efficiency.
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The $HBR ETF offers exposure to HBAR, the native token of Hedera Hashgraph—used for network services, fees, security, & powering apps. Hedera stands out for its high throughput, low fees, enterprise governance, real-world usage, and energy efficiency
More: https://t.co/7wf857Bv0S pic.twitter.com/J7QRDA3GYj— Canary Capital (@CanaryFunds) October 28, 2025
On October 28, Canary Capital announced that the utility of HBAR covers network services, security, and transaction charges on decentralized applications. This introduction is another move to broaden the mainstream access to digital assets through regulated investment products.
The launch of $HBR as well as $LTCC showed good performance, as claimed by ETF expert Eric Balchunas. The trading volume in $HBR was reported to be $8 million after the first day of publicity. This is a high level of sustained trading, which is unusual in new ETFs, and a positive beginning of this institutional exposure of HBAR.
in case you curious $HBR and $LTCC did about the same as their Day One ($8m and $1m respectively)which is still strong (most Etfs drop after day one hype is over).
— Eric Balchunas (@EricBalchunas) October 29, 2025
The good performance of the ETFs may trigger the next round of price stability and even accumulation in the spot market. This is because the traditional investors may move towards crypto-based exchange-traded products.
Hedera Price Targets $0.30 If a Breakout Happens
The chart shows Hedera price action over the past several months, and it’s been a rollercoaster. After a solid uptrend in mid-July, the price took a dip, testing and breaking below the 200-day and 50-day Simple Moving Averages (SMAs).
However, recent price action has flipped the script. The Hedera price has recently surged and is currently testing the 200-day SMA at $0.2035. Additionally, the green 50-day SMA is above the blue 200-day SMA, following a recent “Golden Cross”, which signals that the HBAR price is poised for further gains.
The chart shows a descending parallel pattern, from which the price typically breaks upward. HBAR is currently testing the upper boundary of the pattern, and if it manages to break out, it could signal that the bulls are back in complete control.
The Relative Strength Index (RSI) is at 59.00, which indicates growing buying pressure in the HBAR market. Moreover, the purple line is facing upward, signaling that buying momentum is rising.
Looking ahead, if Hedera price breaks and holds above $0.2065, it could end up testing the next resistance around $0.25-$0.27 $2.58 in the short term. A break past $0.27 might then send it cruising toward $0.30. However, traders will want to watch out for a pullback if the price faces rejection at the 50-day SMAs. Support lies around $0.2035, and a deeper dip could test $0.16.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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