The HBAR price is demonstrating remarkable strength, surging 88% from its 2025 low to reclaim the $0.20 level. This impressive rebound has catapulted Hedera back into the crypto top 20 by market cap, now exceeding $8 billion.
HBAR Price Defies Market with 88% Rally on ETF and Google Cloud Catalysts
The rally is fueled by two powerful institutional catalysts: consistent inflows into the newly launched HBAR ETF and a major technical integration with Google Cloud’s BigQuery. This combination of financial and technological validation is creating a perfect storm for HBAR, signaling that its recent breakout may be just the beginning.
Institutional Demand Meets Big Data: The Dual Engine
The numbers speak for themselves. The Canary HBAR ETF has attracted over $71 million in inflows since its launch, amassing $69 million in assets under management. While this represents a modest 0.91% of HBAR’s market cap, it proves there is dedicated institutional interest. Simultaneously, Google Cloud’s decision to add Hedera to its BigQuery public dataset is a monumental development for developers and analysts. This integration enables highly scalable cross-chain data analysis, allowing users to compare transaction costs, track tokenized assets across ecosystems, and conduct deep research on Hedera’s network growth. This is a long-term credibility boost that extends far beyond price speculation.
Technical Breakout: A Bullish Pattern Points to $0.25
The technical picture has turned decisively bullish. The daily chart reveals a compelling double-bottom pattern that formed at $0.1550, with its neckline at $0.2205. Furthermore, HBAR has developed a bullish flag pattern—a classic continuation signal. The price has now climbed above the 25-day Exponential Moving Average, and the RSI has broken above the neutral 50 level, confirming upward momentum. This technical confluence suggests the HBAR price could be poised for a 32% move toward the psychological $0.25 level. The key support to watch is the double-bottom point at $0.1550; a break below this would invalidate the bullish outlook.
The Challenge: On-Chain Activity Lags Behind Price
Despite the positive price action, underlying network metrics reveal some concerns. The total value locked (TVL) in Hedera’s DeFi ecosystem has fallen to $94 million from a year-to-date high of $213million. Similarly, the stablecoin supply on the network has dropped to $127 million from $170 million this month. This divergence between price and usage suggests that while investor sentiment is improving, actual on-chain activity and capital deployment have not yet recovered. For the rally to be sustainable, network growth needs to catch up to the price appreciation.
My Thoughts
HBAR is at a critical juncture. The institutional tailwinds from the ETF and Google Cloud are undeniable and provide a strong fundamental floor. However, the weak on-chain metrics indicate this rally is largely sentiment-driven for now. I believe the technical breakout is likely to prevail in the short term, pushing HBAR toward $0.25. For long-term sustainability, the ecosystem needs to see a revival in DeFi activity and stablecoin adoption to match the growing investor enthusiasm.
