Share this article
HBAR Breaks Out of Consolidation as ETF Hopes and Investor Interest Rise
Hedera’s native token climbed 2% in a steady 24-hour advance, capped by a late-session breakout fueled by renewed volume.
Updated Oct 8, 2025, 3:29 p.m. Published Oct 8, 2025, 3:29 p.m.
What to know:
- HBAR surged from $0.22 in the final hour of trading on Oct. 8, breaking through resistance after a prolonged consolidation phase and sharp uptick in volume.
- Canary Capital’s proposed spot HBAR ETF—with a 0.95% management fee under ticker “HBR”—is nearing completion, though SEC review remains delayed by the U.S. government shutdown.
- XRP holders and altcoin traders are increasingly adding HBAR to balanced portfolios alongside ADA and XLM, signaling growing interest in utility-focused blockchain assets.
HBAR exhibited notable resilience in the 24-hour period between Oct. 7 and Oct. 8, climbing roughly 2% from session lows near $0.22 to settle around the same level. The token traded within a tight range, repeatedly testing support and resistance at $0.22.
Despite a steep decline in trading volume—from 138.43 million to 19.74 million tokens—HBAR maintained a steady consolidation pattern, hinting at reduced short-term participation but a stable accumulation phase.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Momentum built decisively during the final hour of trading, when HBAR broke out of its compressed formation between 13:12 and 14:11 UTC on October 8. After briefly retreating to an intraday low of $0.22, the cryptocurrency reversed sharply, breaching resistance levels and printing new session highs above $0.22.
The technical breakout coincided with broader market optimism surrounding Hedera’s ecosystem. Institutional enthusiasm continues to grow as Canary Capital nears completion of its spot HBAR ETF filing—proposed under the ticker “HBR” with a 0.95% management fee—though regulatory progress has been temporarily delayed by the ongoing U.S. government shutdown that has slowed SEC operations.
Technical Indicators
- HBAR maintained trading activity within a constrained $0.01 bandwidth throughout the 24-hour session, fluctuating between $0.22 and $0.22.
- Repeated examinations of support foundations around $0.22 and resistance barriers near $0.22 defined crucial technical parameters.
- Decisive rejection from $0.22 at 01:00 succeeded by retracement to $0.22 validated resistance positioning.
- Trading volume contracted substantially from 138.43 million to 19.74 million tokens during initial phases, indicating reduced momentum.
- Enhanced volume surpassing 4.3 million tokens throughout the 14:02 interval indicated institutional engagement.
- Decisive reversal from session minimum of $0.22 at 13:45 validated the conclusion of consolidation dynamics.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
