HBAR Price Soars Amidst Strong ETF Inflows, Yet Technical Risks Persist

As the week begins, Hedera (HBAR) is experiencing a notable surge, gaining over 5% in the last 24 hours and reaching approximately $0.14.

Key Takeaways

HBAR is currently experiencing significant price momentum, climbing over 5% in 24 hours.
Institutional interest and ETF inflows, coupled with Coinbase's upcoming futures trading, are driving this surge.
Technical indicators suggest the potential for a bullish reversal, though substantial resistance levels remain.
Careful monitoring of future price movements is advised, especially for potential retracements.

While ETF demand and growing interest in futures are providing a valuable boost to Hedera, the technical hurdles it faces cannot be disregarded.

hedera hbar

The broader cryptocurrency market is showing positive movement, but HBAR's price is significantly outperforming others due to increased institutional interest, rising ETF inflows, and growing anticipation for Coinbase’s futures launch. However, despite this optimistic outlook, technical indicators suggest that risks remain.

HBAR Hedera

Market Catalysts: ETF Inflows and Futures Launch Drive HBAR Rally

The rapid increase in HBAR's price can be attributed to multiple supportive factors. Trading volume has surged by over 190%, placing Hedera among the day's top gainers.

A significant contributor to this surge is Coinbase's planned launch of around-the-clock HBAR futures trading on December 5. This initiative is expected to facilitate more institutional hedging, speculation, and increase liquidity.

The ETF market is also becoming increasingly favorable. Canary Capital's HBAR ETF has expanded its holdings to over 421 million HBAR, now valued at nearly $55 million, following three consecutive sessions of positive net inflows. Since its inception, the ETF has gathered over $72 million, a notable achievement during a time when many other major crypto funds, especially those focused on Bitcoin and Ethereum, have faced considerable outflows.

Furthermore, the IRS's recent decision to allow staking within ETFs and the SEC's updated listing standards have improved long-term prospects for HBAR-based investment products. Real-world adoption narratives are bolstering as well, with Wyoming's stablecoin pilot on Hedera and tokenized ETF assets being deployed.

HBAR's Bullish Signs, Yet Below Essential Trendlines

From a technical perspective, HBAR's price is beginning to show signs of potential recovery. Analysts point to a triple bottom pattern forming around the $0.123 mark, demonstrating a price level that buyers have defended multiple times this year.

Increasing futures open interest and a favorable long/short ratio enhance the positive outlook. Nevertheless, Hedera is still confined under a significant descending trendline that has thwarted each rally since September.

The 20-day EMA at $0.155 stands as a barrier for upward movement, while the 50- and 100-day EMAs establish strong resistance levels above. Although momentum indicators have improved, the overall trend remains bearish unless HBAR can decisively break past the $0.155 mark.

Should buyers sustain their momentum, HBAR may test the $0.16–$0.18 range. A substantial breakout above the declining channel would pave the way for a more substantial move toward $0.228, the neckline of the triple bottom pattern.

However, failing to breach resistance could leave the token vulnerable to retracements toward $0.14, with further declines potentially reaching $0.125 and even $0.10 if bearish sentiment resurfaces.