HBAR Price Surges Past $0.24 as Market Cap Reaches $10.5 Billion

• HBAR price broke above $0.24, and the market cap reached $10.5 billion with trading volume surging over 100%.

• Technical analysis shows strong support at $0.22, and analysts target $0.40 next, with potential long-term prices reaching $1.80.

• SEC approved a faster ETF framework, and this could lead to HBAR ETF speculation while derivatives open interest jumped 13.42%.

Hedera’s native token HBAR has demonstrated significant momentum after breaking above the $0.24 threshold. The cryptocurrency’s market capitalization climbed 5.6% to reach $10.5 billion, accompanied by a remarkable surge in trading activity.

Daily trading volume exceeded $430 million, representing an increase of over 100%. This substantial uptick in market activity indicates growing investor confidence and renewed institutional interest in the Hedera network.

The price movement comes amid broader market optimism following regulatory developments that have enhanced the digital asset landscape. Traders view the current momentum as a potential catalyst for sustained price appreciation.

Technical Analysis Points to Continued Strength

HBAR recently bounced from the 0.382 Fibonacci support level near $0.22, establishing a foundation for potential upward movement. The token trades around $0.25, maintaining a position above critical retracement levels.

HBAR Chart (Source: X)

Technical indicators suggest the formation of higher lows, a pattern typically associated with bullish market structure. The $0.22 level now serves as crucial support, with analysts monitoring this zone for signs of continued buying pressure.

Resistance targets include $0.40 as the immediate hurdle and $0.65 for extended gains. Medium-term projections point to $1.21 as an achievable target based on Fibonacci extensions. Some analysts have set ambitious long-term targets of $1.80, contingent on maintaining current technical patterns.

The flag formation breakout observed earlier this year provided initial momentum sustained through current market conditions. Accumulation patterns suggest institutional participants may be building positions at current levels.

Regulatory Clarity Enhances Investment Climate

The Securities and Exchange Commission’s approval of a streamlined ETF framework has created favorable conditions for digital asset investments. The new framework reduces approval timelines from 240 to 75 days, potentially accelerating the launch of over 100 digital asset ETFs within twelve months.

This regulatory clarity gives institutional investors greater confidence to enter the cryptocurrency market. The shortened approval process removes significant barriers that previously delayed investment product launches.

Speculation regarding a potential HBAR ETF has intensified following these regulatory developments. Market observers suggest such a product could drive substantial price appreciation toward the $0.50 range.

Open Interest in HBAR derivatives increased 13.42% to $466 million, according to data from CoinGlass. This metric reflects heightened speculative activity and growing market participation.

HBAR Open Interest (Source: CoinGlass)

The combination of technical strength and regulatory clarity creates a supportive environment for continued price growth. Market analysts view the current setup as potentially sustainable, provided key support levels remain intact.