Hedera’s much-anticipated debut on the New York Stock Exchange through the Canary Capital Hedera ETF (Ticker: HBR) marked a major milestone for the network, positioning it alongside Bitcoin and Ethereum as one of the few cryptocurrencies with a regulated U.S. spot ETF.
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The listing initially sparked optimism, sending HBAR soaring over 25% to $0.2191 as trading volume jumped 328% to $1.12 billion. However, the momentum proved short-lived. Within 24 hours, HBAR has slid nearly 6%, retreating below $0.20.
Analysts attribute the decline to profit-taking and broader market caution, as technical indicators flashed mixed signals. Despite this dip, market observers say institutional participation remains strong, fueled by the ETF’s potential to unlock new liquidity streams through regulated exposure.
Hedera (HBAR) Analysts Split as “Death Cross” Looms
Data from TradingView shows that while HBAR broke above key resistance at $0.206 earlier this week, it struggled to sustain momentum.
Traders now eye support at $0.194–$0.200 and resistance between $0.210–$0.219. A decisive break above $0.21 could reignite bullish sentiment, but failure to hold current levels may lead to a correction toward $0.183.
Some analysts warn that a potential “death cross”, where the 50-day moving average crosses below the 200-day, could confirm ongoing weakness.
Historically, such formations have preceded deeper pullbacks. But others argue that the bearish pattern might already be priced in, as MACD and Aroon indicators suggest renewed upward momentum.
Technical analyst ZAYK Charts highlighted that HBAR’s current formation mirrors a bullish breakout setup seen earlier in 2025, projecting a possible 50–60% upside if buying pressure returns.
Institutional Adoption Narrative Remains Intact
Even as prices correct, institutional confidence in Hedera appears to be building. The NYSE’s multi-asset ETF launch, which also included Solana (SOL) and Litecoin (LTC) products, reflects growing regulatory clarity for alternative blockchains.
ETF strategist Eric Balchunas noted that the HBR ETF’s first-day volume hit $8 million, a promising start for a non-Bitcoin, non-Ethereum asset. Furthermore, 12 additional ETF filings from issuers like Grayscale, ProShares, and T. Rowe Price are pending, showing broader market interest.
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While short-term volatility persists, analysts maintain that the HBAR ETF listing marks a pivotal moment for Hedera’s long-term narrative, expanding institutional access and setting the stage for potential recovery once macro conditions stabilize.
Cover image from ChatGPT, HBARUSD chart from Tradingview
