• HBAR surges over 14% in 24 hours, showing strong bullish momentum.
• Weekly gains reach 18.45%, backed by heavy trading volume.
• Canary’s HBAR ETF filing boosts institutional interest.
• Technical outlook signals potential rally toward $0.3250.

Hedera (HBAR) is witnessing a strong upward trend, marking a significant rise in its value. Over the past 24 hours, the token has climbed by nearly 14.18%. More impressively, its weekly performance reflects an 18.45% gain, showing growing investor confidence and sustained bullish sentiment across the broader crypto market.

At the time of writing, HBAR is trading at $0.2043, supported by a 24-hour trading volume of $909.82 million, up 361.94%. Its market capitalization has also risen by 14.18% to $8.68 billion. The sharp increase in trading activity highlights renewed participation and strong demand for the Hedera network.

Also Read: Hedera HBAR Price Prediction 2025: Could It Smash $0.37 Soon?

HBAR ETF Filing Signals Upcoming Bullish Momentum

Canary’s recent filing of Form 8-A for the HBAR ETF marks a major milestone in Hedera’s market expansion. This step officially registers the ETF for trading on U.S. exchanges, signaling growing institutional interest and ongoing regulatory progress. It underscores Hedera’s rising prominence in the expanding blockchain and digital asset investment space.

The filing could ignite strong bullish momentum for HBAR as it opens the door to broader investor participation and greater market liquidity. The U.S. ETF may provide conventional investors with an opportunity to invest in the ecosystem of Hedera. In turn, it may boost its ranking as one of the top-performing blockchain initiatives.

Strong Buying Pressure Drives HBAR Price Higher

According to crypto analyst @ZAYKCharts, Hedera(HBAR) has been demonstrating strong bullish activity as it has managed to break out above the mid-line of the descending channel. The latest breakout at around $0.2047 may indicate a change in trend. The ability to remain above the higher channel resistance at around $0.2100 may indicate a reversal trend and may set the stage for further advances.

The 11% increase in HBAR over a daily period shows immense buying pressure and renewed market faith. The bullish pattern of the candlestick indicates an increase in demand for the asset as it moves towards testing levels of strong resistance. The next level of resistance at $0.2450-$0.2500 may be seen soon, as it fits in the higher channel pattern.

Technical indicators point toward a potential 58% upside move, placing HBAR’s next target near the $0.3250 region if momentum sustains. This fits the breakout pattern of the channel formation. For HBAR to extend the rally, it should maintain the support at $0.1880. Breaking below that may nullify the positive sentiment.

Also Read: Can HBAR Maintain $0.20 Support and Break $0.25 Resistance?