HBAR Crypto Price Potentially Breaks $0.30 as Canary Capital ETF Begins Trading
Jakarta, Pintu News – The price of Hedera surged by almost 15%, breaking the important $0.20 level which is a key psychological resistance. This bullish action was driven by positive momentum since the start of trading in the ETF from Canary Capital.
If HBAR is able to maintain this level and trading volumes remain steady, the next target is likely to be in the $0.30 range. The outlook for HBAR looks promising if this trend continues.
Canary’s HBAR ETF Starts Trading on Nasdaq
Nasdaq officially launched the Canary HBAR ETF (Ticker: $HBR), marking an important step for the Hedera network. Starting October 28, 2025, this ETF gives institutional investors direct access to HBAR assets as a new investment channel.
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This ETF will contain physical HBAR coins, which are insured by BitGo and Coinbase Custody. Pricing is done by CoinDesk Indices, providing a transparent and trusted method for investors to gain exposure to the growing Hedera ecosystem.
This is a major milestone for HBAR, putting it on par with other major projects like Solana and Litecoin that already have their own ETFs. The launch was made possible thanks to a regulatory loophole that emerged during the US government shutdown, which allows for the automatic approval of products like this.
HBAR is Ready for a Big Breakout: Analysts Predict 60% Upside
A crypto analyst recently highlighted a promising opportunity for the price of HBAR, with an indication of a potential major breakout to occur. According to the analyst, Hedera Hashgraph is on the verge of a major price movement, and a 50-60% increase is likely to materialize soon.
In the analyst’s post on the X platform, it is mentioned that HBAR is in the spotlight of traders thanks to a strong technical setup that promises a price surge. The included chart shows a clear price trend, and the coin seems poised for a sharp move upwards.
Recently, HBAR recorded an inflow of funds of $14 million, which pushed prices higher. Previously, in mid-March, an outflow of $18 million led to a significant price drop.
But now, the latest surge in inflows exceeding $10 million has pushed the price of HBAR through the $0.20 level – reinforcing the short-term bullish signal.
How High Can HBAR Prices Go?
The price of Hedera Hashgraph (HBAR) showed a strong upward trend, trading at $0.213 as of October 28, 2025, after recording a 15% surge.
The breakout from key resistance levels boosted positive momentum supported by technical indicators. The Relative Strength Index (RSI) stands at 86, indicating overbought conditions but often signaling the beginning of a strong uptrend.
In addition, the MACD indicator is also showing a bullish crossover, reinforcing the possibility of an uptrend continuation. If this momentum continues, the projected price of HBAR could break the $0.23 level, then $0.25, and potentially even reach $0.30-equivalent to a 40% increase from the current price.
However, if the trend reverses, the key support areas are at $0.19 and $0.18, with a possible further correction to $0.16 if selling pressure increases. Overall, the combination of Canary Capital’s ETF launch and positive technical signals make HBAR’s prospects look very promising in the short-term.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Hbar Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading. Accessed on October 29, 2025
