CANARY applies for HBAR ETF on Nasdaq: how it could affect the price in the long term perspective

Recently, CANARY filed an application to launch a (ETF) exchange-traded fund based on the HBAR token pegged to the Hedera network on Nasdaq, one of the world's largest stock markets. This event could be a turning point for the HBAR ecosystem and lead to significant changes in its market dynamics, especially in the long term. Let's examine how this could impact the price of HBAR, based on current trends and market factors, as well as looking at the provided chart.
In the chart, we can see the price movement of HBAR/USDT for a specific period from January to February 2025, judging by the time scale(. The price of HBAR is currently about $0.22213, up 5.29% in the last 24 hours. The trading volume )24h Vol( reaches 105.90 million, indicating market activity. However, the chart shows volatility: after a period of growth, the price demonstrated a correction, dropping to around $0.17919, followed by a recovery. The moving average line )MA100( at the level of $0.26220 acts as a potential resistance level, and indicators like RSI and Stochastic RSI )are in the overbought zone(, signaling possible caution for investors in the short term.
Now let's move on to the application for HBAR ETF. If Nasdaq approves this product, it can significantly increase the accessibility of HBAR to institutional and retail investors who previously avoided direct investments in cryptocurrencies due to their complexity or regulation. ETF allows investing in HBAR through traditional brokerage accounts, reducing entry barriers. In the long run, this may lead to several key effects:
🔸Inflow of institutional capital: Institutional investors, such as hedge funds, pension funds, and banks, may begin actively including HBAR in their portfolios. This will significantly increase demand for the token, which in turn could push the price up. Historically, similar events, such as the launch of bitcoin ETF, have shown steady growth of assets after approval.
🔸Increased liquidity and trust: Approval of ETF signals the maturity of the project and its compliance with strict regulatory requirements. This can increase trust in Hedera and HBAR among a wide audience, including those who previously had doubts about cryptocurrencies. High liquidity, as seen on the chart ) trading volume exceeding 100 million per day (, can become even more significant, stabilizing the market and supporting price growth.
🔸Long-term growth with possible volatility: In the short term, ETF approval may cause a sharp surge of interest and, consequently, volatility, as seen on the chart with sharp price movements. However, in the long term, a stable capital inflow and the growing popularity of Hedera as a platform for decentralized applications )dApps( and corporate solutions could solidify HBAR at higher levels. Looking at the current moving average and support/resistance levels, it can be assumed that the price may aim for $0.40 or higher under favorable conditions.
🔸Competition and risks: Of course, you should not forget about the risks. Competition with other blockchains and tokens, as well as macroeconomic factors )например, inflation, interest rates in 2025 году( may put pressure on the price. In addition, if expectations for ETFs do not meet )например, due to delays in approval or changes in регулировании(, it may cause a temporary drop in interest.
On the chart, we can see that HBAR is already showing signs of recovery after a correction, and indicators like RSI ) are above 50, but not in the overbought zone (, and Stochastic RSI indicates potential for further growth if the market maintains a positive momentum. ETF approval could be a catalyst for breaking above the $0.26220 level and reaching new highs.
In conclusion, the approval of HBAR ETF on Nasdaq could be a powerful driver for the long-term growth of HBAR price, attracting new capital and strengthening trust in the project. However, investors should take into account the short-term volatility and monitor the news about the application status, as well as the overall condition of the crypto market. Based on the current chart and market data, HBAR has the potential for significant growth, but success will depend on a multitude of external and internal factors. It's interesting to see how this story will unfold in 2025!
)#HBAR #ETF