HBAR Sees Strong Price Surge Fueled by ETF Inflows and Google BigQuery Integration
Hedera Hashgraph’s native token, HBAR, has posted significant gains over recent days, climbing to a recent high of $0.20. This marks an impressive 88% rally from its yearly low, pushing its market capitalization above $8 billion and placing it among the top 20 cryptocurrencies by market value.
Several key catalysts have contributed to this upward momentum. A significant driver has been the steady inflow of capital into HBAR-linked exchange-traded funds (ETFs). According to recent data, the newly launched Canary HBAR ETF has attracted over $71 million in investments since its inception. Currently, it holds approximately $69 million in assets under management, equating to around 0.91% of HBAR’s total market cap. This indicates a growing appetite among institutional investors, suggesting that HBAR is gaining credibility as a long-term blockchain asset.
Another key development supporting HBAR’s rise is its inclusion in Google Cloud’s BigQuery public dataset. This integration brings new opportunities for developers, analysts, and enterprises by enabling seamless access to Hedera’s blockchain data. Through BigQuery, users can analyze transaction fees and speeds, track tokenized assets across networks, monitor smart contract activity, and explore DeFi trends on Hedera. The dataset will be regularly updated to reflect changes in the network, ensuring that insights remain current and reliable.
From a technical analysis perspective, HBAR’s chart reveals a bullish setup. The cryptocurrency recently formed a double-bottom formation around the $0.1550 level, with the neckline positioned at $0.2205, previously tested in late October. The price has since broken above the 25-day Exponential Moving Average, while the Relative Strength Index (RSI) has moved beyond the neutral 50 line, indicating strengthening bullish momentum.
In addition, HBAR has shaped a bullish flag pattern—typically a continuation signal—comprising a sharp upward move followed by a descending consolidation channel. The convergence of this flag pattern and the previously confirmed double-bottom suggests that further upside may be on the horizon. Analysts point to the $0.25 level as the next psychological resistance, representing a 32% gain from current prices.
However, not all indicators are pointing to sustained growth. One of the lingering concerns is the stagnation in Hedera’s network activity. For instance, the supply of stablecoins within the Hedera ecosystem has declined to $127 million, down from a recent high of $170 million. Similarly, the total value locked (TVL) in its decentralized finance (DeFi) protocols has dropped to $192 million, falling sharply from its year-to-date peak of $400 million. These figures suggest that while price momentum is strong, underlying network usage has yet to catch up.
Despite these concerns, the broader sentiment around HBAR remains cautiously optimistic. The token’s recent gains are not purely speculative; they are supported by structural developments that enhance its usability and visibility in the broader blockchain ecosystem. The inclusion in Google BigQuery, for instance, is more than a symbolic gesture—it represents a technical integration that can drive adoption among enterprise users and data scientists.
Moreover, the ETF inflows suggest that traditional finance players are beginning to recognize Hedera’s potential. As regulation around crypto ETFs matures, more products tied to HBAR could be introduced, further boosting demand.
It’s also worth noting that Hedera’s unique consensus mechanism, the Hashgraph, differentiates it from many other blockchains. Its asynchronous Byzantine Fault Tolerance (aBFT) offers high throughput and low latency, making it a compelling option for businesses seeking scalable and efficient distributed ledger solutions. These technical strengths may play a growing role in driving institutional partnerships and real-world use cases.
Looking ahead, sustainability of the rally will heavily depend on Hedera’s ability to increase on-chain activity. Growth in areas such as non-fungible tokens (NFTs), decentralized applications (dApps), and stablecoin adoption will be crucial. If developers and users begin to migrate to the network in larger numbers, the current price surge could evolve into a longer-term trend.
In conclusion, while recent price gains for HBAR are impressive, the token’s medium- to long-term performance will be determined by its ability to convert technical progress and institutional interest into actual network utility. For now, investors should watch key resistance levels and monitor network activity metrics to gauge the strength of this rally. A break below $0.1550 would invalidate the bullish setup and could trigger a deeper correction, while a move above $0.22 would confirm renewed strength.