HBAR Soars 20% as Hedera’s First Staking ETF Goes Live—Traders Rush In
Hedera’s native token HBAR just got a turbocharged boost—thanks to Wall Street’s latest crypto cash grab. The launch of the first-ever Hedera staking ETF sent prices skyrocketing, proving once again that nothing pumps a coin faster than institutional FOMO.
Why the frenzy? Staking rewards meet trad-fi convenience. The ETF bundles HBAR’s 6% APY staking yields into a neat NYSE-listed package, letting boomers ape in without touching a wallet. Cue the algorithmic traders front-running the inflow.
Behind the surge: A liquidity tsunami. Market makers piled in as the ETF’s $50M seed capital hit the order books—liquidity begets liquidity, until the music stops. Meanwhile, Hedera’s carbon-neutral DLT narrative got a second wind, because nothing sells like ESG-washed blockchain.
The punchline? Another crypto milestone reduced to a speculative vehicle. The ETF’s fine print reveals staking rewards get skimmed by 30% in fees—because why democratize finance when you can rent-seek instead? HBAR bulls won’t care… until the unlock period hits.
HBAR price technical analysis
The daily chart shows that the HBAR price has some of the strongest technicals. It formed a double-bottom pattern at $0.1265 and has already broken above the neckline at $0.2300, its highest point on May 13.
Hedera price is about to FORM a mini golden cross pattern as the spread between the 50-day and 100-day moving averages narrows. It has also moved above the 50% Fibonacci retracement level.
Therefore, the most likely scenario is continued upside, with the next level to watch at $0.3155, the 23.6% retracement point, which is 30% above the current level.
