HBAR Price Surges 11% as ETF Launch and Bullish Patterns Signal Breakout Toward $0.40

The Hedera (HBAR) price has recorded an impressive 11.13% jump in the past 24 hours, accompanied by a 140.74% spike in trading volume to $480.8 million. This surge reflects strong investor demand and renewed market optimism following the approval of the Canary HBAR ETF jointly launched by Bitwise and Canary. The ETF listing under Nasdaq, alongside Solana and Litecoin ETFs, has sparked institutional interest, reinforcing Hedera’s position in the broader crypto ecosystem.

Currently trading at $0.1920, HBAR is rebounding from a key demand zone after weeks of consolidation within a descending channel pattern. Analysts, including ZAYK Charts, note that this structure mirrors a previous setup from June when a breakout triggered a major rally. If the price closes above $0.20, it could validate the analyst’s 90% upside target toward $0.40, suggesting a strong bullish continuation. The formation of higher lows further supports this potential breakout as buying momentum intensifies.

Adding to the bullish sentiment, the HBAR/USDT 1-day chart reveals a cup and handle pattern — a classic signal of trend reversal and long-term growth. A confirmed breakout above the $0.201 neckline could drive prices toward $0.233, $0.260, and eventually $0.400. Technical indicators such as the DMI show the +DI crossing above the –DI with an ADX of 24.95, confirming growing trend strength and market conviction.

Market data also shows aggressive taker buys dominating, reflecting strong confidence among traders betting on further gains. Open interest has climbed 11.12% to $146.3 million, indicating a surge in leveraged long positions. With improving technicals, ETF momentum, and heightened speculative activity, HBAR appears primed for a sustained rally. A confirmed breakout above $0.20 could propel Hedera toward the anticipated $0.40 mark, reinforcing bullish sentiment across the market.