$HBAR
Pumped 6.96% in the past 24h to $0.194. Here are the main factors:
ETF Launch Confirmation – Canary Capital’s HBAR ETF begins trading today (28 Oct 2025) on Nasdaq.
Technical Breakout – HBAR reclaimed key moving averages and broke above Fibonacci resistance.
Market-Wide Recovery – Bitcoin’s rebound to $115K lifted altcoins, with $358M crypto shorts liquidated.
Deep Dive
1. ETF Launch (Bullish Impact)
Overview: Canary Capital confirmed its spot HBAR ETF will begin trading today on Nasdaq (Yahoo Finance), following NYSE Arca certification. This follows months of delays due to the U.S. government shutdown.
What this means:
ETFs typically attract institutional capital – Bitcoin ETFs saw $4.7B inflows last month.
HBAR becomes one of the first non-BTC/ETH tokens with regulated U.S. exposure, improving liquidity and legitimacy.
What to look out for: Initial ETF trading volumes and inflows/outflows post-launch.
2. Technical Momentum (Mixed Impact)
Overview: HBAR broke above its 7-day SMA ($0.173) and 30-day SMA ($0.193), while the MACD histogram turned positive (+0.0025). The price also cleared the 38.2% Fibonacci retracement level ($0.181).
What this means:
Short-term traders may interpret the SMA crossover and MACD shift as bullish signals.
However, RSI14 (48.45) remains neutral, suggesting room for volatility. The 50% Fibonacci level ($0.165) now acts as support.
Key threshold: A close above $0.201 (23.6% Fib) could target $0.233 (swing high).
3. Broader Market Tailwinds (Bullish Impact)
Overview: Bitcoin rose 4% to $115K, triggering $358M in short liquidations. Altcoins like HBAR benefited from risk-on sentiment.
What this means:
HBAR’s 24h volume surged 128% to $416M, exceeding its 30-day average.
The crypto fear/greed index rose to “Neutral” (42) from “Fear” (33) last week, easing selling pressure.
