HBAR Slides to $0.217 Before Launching a Recovery Surge
HBAR Falls to $0.217 Before Rebounding Amid Institutional Buying
24 September 2025
Hedera’s HBAR experienced a volatile trading session, ultimately posting modest gains as institutional investors stepped in at key support levels.
During a 23-hour period from September 23–24, HBAR fluctuated between $0.217 and $0.225, ending the session up 0.9% despite sharp intraday swings. A steep drop to $0.217 at 04:00 marked a critical support zone, followed by a strong rebound, while $0.225 remained a key resistance level.
Volume data suggests institutional accumulation during the dip, with turnover surging to 97.05 million at 04:00—well above the 37.89 million average. Later, HBAR slipped from $0.224 to $0.223 in the final hour on volume nearly three times normal, reflecting distribution pressure.
The session coincided with a significant development: Canary Capital filed for a spot HBAR ETF with a 1.95% expense ratio. Analysts say the filing signals growing institutional interest in Hedera’s hashgraph technology and could support long-term growth, with projected price targets of $0.50 by 2025–2026 and $1.60 or more by 2030.
In the near term, HBAR’s performance will depend on whether support at $0.217–$0.218 holds and if ongoing institutional demand offsets selling pressure around $0.225.
Technical Highlights:
- Support established at $0.217–$0.218
- Resistance remains firm near $0.225
- Volume surge to 97.05 million indicates institutional buying
- $0.007 trading range represents 3.22% intraday volatility
- Final hour volume tripled to 1.79 million, suggesting distribution pressure
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