HBAR Rallies 5% as Market Absorbs CPI Volatility

HBAR Gains 5% as Institutional Interest Rises Ahead of ETF Decision

Hedera’s HBAR token posted a volatile session between September 10 and 11, swinging 5% between $0.23 and $0.24. Early in the session, the token dipped to $0.23 support before rebounding on elevated trading volumes, which surged to 156.1 million by midday — far above the 35.4 million daily average — suggesting strong institutional activity.

Despite the rebound, HBAR encountered resistance at $0.24, where heavy selling limited further gains. Analysts note that a sustained break above this level could pave the way for a 25% rally toward $0.25, while failure may keep the token range-bound near $0.21–$0.23.

The surge in interest follows Grayscale’s September 9 filing with the SEC to convert its Hedera HBAR Trust into an ETF, alongside similar filings for Bitcoin Cash and Litecoin. With the SEC set to make a decision by November 12, HBAR’s price action reflects the tug-of-war between institutional demand and technical resistance.