The new ETF filing by Nasdaq for Hedera (HBAR) prompted a market rise that opens opportunities for institutional investors to easily invest in the Hedera platform.
The analysts at $0.20 see an ongoing bullish momentum for HBAR that could push its price up by 70% to hit $0.39. In response to this news HBAR prices went up 6.9% in a day and traded at $0.22 during the evening of February 24 New York time. HBAR produced a typical upward continuation pattern through the last three months.
The daily Relative Strength Index (RSI) shows that buyers have returned with increasing strength while the chart formed a potential double-bottom picture. The current upward movement indicates the price of HBAR could surged to $0.39 if trends continue. If support fails at $0.20 the short-term bullish analysis will lose validity.
Hedera DeFi Hits $115M TVL Milestone
HBAR’s price rose mainly because Nasdaq submitted its registration as an exchange-traded fund (ETF) with the SEC. The updated filing makes it more probable that SEC will approve investment by institutional entities in Hedera.
Under the Trump administration the US SEC made it their mission to help people use digital assets and blockchain technology across the United States. When people believed Donald Trump would win a second term the crypto market became more positive with HBAR and other large cryptocurrencies gaining support.
HUGE NEWS! 👀🔥
CANARY JUST FILED FOR AN $HBAR ETF WITH NASDAQ. pic.twitter.com/Oa9zFkg8FR
— Marc In The Matrix⚡️🧠 (@MarcShawnBrown) February 24, 2025
Hedera has strengthened its position in decentralized finance and keeps gaining ground over other networks in this sector. The value of funds invested through Hedera DeFi services rose to $115 million including $32 million stablecoins under management.
Hedera DeFi includes three key platforms which are Stader for liquid stakes, SaucerSwap DEX for trading assets and Bonzo Finance to loan money with improved financial access.
The platform currently stands out in producing and selling tokenized versions of real world assets. Hedera’s Asset Tokenization Studio has helped tokenize more than $50 million of assets which brings institutions to join its community.
Both RedSwan and Diamond Standard operate in real estate tokenization and diamond tokenization respectively. Other digital asset companies including Circle, Zoniqx and Tokinvest use Hedera to add stablecoin features and build tokenized asset marketplaces to advance its capabilities in financial markets.
Hedera’s Expanding Influence in the Web3 Ecosystem
Hedera leads blockchain networks with its advanced foundation that helps organizations and users make Web3 digital products and assets accessible to everyone. The increasing number of investors and institutions support Hedera’s growing value up to $11.2 billion.
Over the last day HBAR trading activity reached a 144% increase that brought its daily volume to $388 million. The expanding investor trust combined with growing liquidity shows that HBAR has a positive future ahead.
Bitcoin’s price recovery supported the whole crypto market as its rise matched how gold prices moved. Strong Bitcoin price movements will likely increase HBAR activity which could push its market value to $0.39.
The overall positive forecast still needs to face potential threats. Short-term market pressure will act against HBAR when it falls below the $0.20 mark. Leading market watchers will assess SEC actions since an ETF permit will likely increase more investors joining blockchain institutions.
The Nasdaq application to launch a Hedera exchange-traded fund triggered market upswing and spurred more institutional players to become interested in the space. The growth of DeFi tools combined with good technical signals and blockchain adoption makes Hedera likely to advance further.
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