HBAR Price Explodes After ETF Filing, 50% Rally Loading?
Despite the sharp drop in prices across the cryptocurrency market, Hedera’s local token HBAR is wasted with its impressive price performance. Today, on March 4, 2025, the asset has soared more than 10% in the past 24 hours and is currently trading close to $0.24, which seems to have recovered its crucial support level of $0.25.
Why is HBAR price rising?
The potential reasons behind it HBAR The impressive price rally is the recent spot exchange-traded fund (ETF) application by asset management giant Giant Grayscale. In addition, Nasdaq also assists asset managers in the filing process.
HBAR sees $12 million for exchange outflows
According to Link Analysis Company Small shop.
Data from spot inflows/outflows suggests that the exchange has witnessed the outflow of HBAR worth more than $12 million in the past 24 hours. The massive outflow of communications has the potential to create buying pressure and cheer upward rallies, which explains today’s HBAR growth.
In addition to investors’ bullish outlook, intraday traders seem to have strong positions on bullishness.
Main liquidation level
At press time, the main liquidation level on the lower side was $0.22 and the upper side was $0.246, at which traders over-leverage. The data further suggests that traders bet on bullish terms have established long positions worth $7.5 million at the $0.22 level, while short positions are priced at $3.85 million at $0.246.
These liquidation levels and over-master positions for traders show that the bulls are currently dominant and can support the upcoming upward momentum of assets.
HBAR price action and upcoming levels
With today’s earnings, HBAR appears to be regaining its critical support level of $0.25, which has been lost during the recent price drop. According to expert technical analysis, HBAR is recovering this critical level. Based on recent price action and historical momentum, if the asset successfully recovers the $0.25 level, it is likely to reach a 50% surge of 50% in the coming days.
Despite the continued uncertainty in the market, HBAR remains above 200 exponential moving average (EMA) over the day-to-day time frame, indicating that the assets are on an upward trend.
