Hedera (HBAR) is off to a strong start to the week, up over 5% over the past 24 hours and trading around $0.14.
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The broader cryptocurrency market is finally flashing green, but HBAR prices are clearly outperforming the rest of the market thanks to a wave of interest from institutional investors, increased ETF inflows, and growing excitement ahead of Coinbase’s futures launch. Still, despite the bullish sentiment, chart signals warn that the token is not out of danger yet.
HBAR's price trends to the downside on the daily chart. Source: HBARUSD on Tradingview
ETF inflows and futures market launch fuel rally
Sudden acceleration in HBAR prices occurs at a moment when multiple catalysts stack up in our favor. Volume surged more than 190%, propelling Hedera to the top of the day’s gainers.
The main driver is Coinbase’s upcoming 24/7 rollout. HBAR futures Trading will begin on December 5th, opening the door to more institutional hedging, speculation and liquidity.
The ETF industry is also gaining support. After three consecutive sessions of positive net inflows, Canary Capital’s HBAR ETF has increased its holdings to more than 421 million HBAR, currently worth nearly $55 million.
Since its inception, the ETF has raised more than $72 million, an unusual trend at a time when other major crypto funds, particularly those focused on Bitcoin and Ethereum, have experienced large outflows.
Additionally, the IRS’ new stance allowing staking within ETFs and the SEC’s updated listing standards brighten the long-term outlook for HBAR-based investment products. Meanwhile, the story of real-world adoption is strengthening thanks to a stablecoin pilot and the deployment of tokenized ETF assets in Hedera, Wyoming.
HBAR price is bullish but still below a key trend line
Technically, HBAR price Showing early signs of a possible reversal. Analysts have highlighted a triple bottom pattern forming around the $0.123 zone, which buyers have defended many times this year.
Rising futures open interest and improving long/short ratios are adding to the bullish backdrop. However, Hedera remains trapped below the dominant downtrend line that has rejected any gains since September.
The 20-day EMA at $0.155 continues to limit any upside attempts, while the 50-day and 100-day EMA have consolidated significant resistance above it. Although momentum indicators have improved, the overall trend remains bearish unless HBAR price decisively breaks above $0.155.
Short-term outlook: cautious optimism
If buyers maintain pressure, HBAR price could retest the $0.16-$0.18 region. A clean breakout of the descending channel would set the stage for a larger move towards the triple bottom neckline at $0.228.
However, if the resistance cannot be overcome, the token could see a retracement towards $0.14, then $0.125, and then $0.10 if bearish momentum resurfaces.
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For now, ETF Rising demand and interest in futures is a welcome boost for Hedera. However, it is difficult to ignore the technological challenges ahead.
Cover image is from ChatGPT, HBARUSD chart is from Tradingview
