HBAR Rises 5% on Strong Volume Ahead of Grayscale ETF Decision
Hedera’s HBAR token saw notable volatility between September 10 and 11, trading in a 5% range between $0.23 and $0.24. Early-session dips to $0.23 support were quickly met with buying pressure, driving a midday rebound as trading volumes surged to 156.1 million — significantly above the 35.4 million daily average — signaling strong institutional activity.
Despite the rally, resistance at $0.24 capped gains, highlighting the importance of $0.23 as support and $0.24 as a key barrier. Analysts note that a sustained break above $0.24 could trigger a 25% rally toward $0.25, while failure to clear resistance may keep the token confined near $0.21–$0.23.
The volatility coincides with Grayscale’s recent filing with the SEC to convert its Hedera HBAR Trust into an exchange-traded fund, alongside Bitcoin Cash and Litecoin filings. The SEC is expected to rule by November 12, making the next two months critical for HBAR’s institutional adoption.
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