Hedera's native token HBAR experienced significant trading activity between September 10-12, 2025, with prices fluctuating between $0.23 and $0.245. The token climbed from $0.237 to a session high of $0.245 before closing at $0.240, demonstrating a 4.24% volatility range during the trading window.
The movement was driven by institutional participation following major developments in potential exchange-traded products. Grayscale Investments revealed plans for a potential HBAR trust and filed with the SEC to convert its Hedera HBAR Trust into an ETF, with the SEC setting a November 12 deadline for decision. Simultaneously, the Depository Trust and Clearing Corporation (DTCC) added a Canary HBAR ETF filing to its regulatory database under the proposed ticker HBR.
Market data revealed intense institutional trading patterns, with volume activity averaging 54.7 million during key breakout periods, exceeding the 24-hour average of 50.1 million. The $0.240 price level demonstrated strong institutional support, while resistance at $0.245 triggered profit-taking with late-session volume spikes reaching 17 million tokens.
Technical analysis shows $0.23 acting as firm support and $0.24 as critical resistance, with analysts suggesting that a close above $0.24 could open the door to a 25% rally toward the $0.25 psychological threshold. However, industry observers caution that DTCC inclusions represent only preliminary steps and not SEC approval, leaving the timeline for any HBAR-based ETF uncertain amid ongoing regulatory scrutiny of non-Bitcoin crypto assets.