HBAR Price Breaks Consolidation as ETF Hype and Investor Demand Surge

HBAR demonstrated significant stability between October 7-8, rising approximately 2% from $0.22 lows to consolidate near identical levels. The cryptocurrency traded within a narrow $0.01 corridor, consistently testing $0.22 support and resistance thresholds. Despite trading volume collapsing from 138.43M to 19.74M tokens, HBAR maintained consolidation patterns suggesting decreased short-term activity but stable accumulation. Breakout momentum accelerated during October 8's final trading hour (13:12-14:11 UTC) when HBAR shattered its compression pattern. After retesting $0.22 support, the asset reversed powerfully, breaking resistance to establish new highs above $0.22. This technical advance aligned with growing Hedera ecosystem optimism. Institutional interest intensifies as Canary Capital finalizes its spot HBAR ETF application (proposed ticker "HBR" with 0.95% management fee), though regulatory progress faces delays from the U.S. government shutdown impacting SEC operations. Technical indicators highlight HBAR's constrained $0.01 trading range between $0.22-$0.22, repeated $0.22 support/resistance tests, and volume contraction from 138.43M to 19.74M tokens preceding the breakout. Surging volume exceeding 4.3M tokens during the 14:02 UTC interval signaled institutional participation, while the decisive $0.22 rebound at 13:45 UTC confirmed consolidation conclusion.