Key Notes
- HBAR gains 3% in 24 hours, reaching $0.20 after the surge in ETF inflows.
- Canary Islands HBAR ETF sees $44 million in net inflows, outpacing its altcoin peers.
- The falling wedge breakout pattern projects up to $0.50 if the bullish momentum holds.
After closing October with a 13% loss, Hedera (HBAR) price fell another 3% in the last 24 hours, reaching $0.19 on November 2. As macroeconomic headwinds ease, Hedera appears to benefit from $44 million in ETF inflows, as institutional investors take an optimistic view of HBAR’s enterprise solutions prospects.
Do corporate investors prefer Hedera to Litecoin?
Canary’s HBAR ETF, traded on Nasdaq, was among the altcoin ETFs approved for trading on October 28, alongside Solana and Litecoin.
HBAR price rose to a 20-day high of $0.21 on its trading day before falling back to the tight range between $0.19 and $0.20. Historically, these major events often attract “information selling” type transactions, as short-term speculators take advantage of the market euphoria to lock in their gains.
US Federal Reserve Chairman Jerome Powell further dampened the risk-on momentum with recent comments downplaying expectations of a fourth rate cut in December and lingering trade tensions with China.
Hedera (HBAR) Price Reaches $0.19 and Market Cap of $8 Billion on November 2, 2025 | Source: Coinmarketcap
However, data from SoSoValue shows that Canary’s HBAR ETF absorbed $44 million in total net inflows and accumulated $45.93 million in net assets during its first week of trading, October 28-31. In contrast, the Litecoin ETF saw a modest $719,970 in inflows and $1.64 million in assets.
Canary (HBR) Hedera ETF ($44 million) vs Litecoin (LTCC) ETF ($719,970) first week net flows | Source: SosoValue
The sharp disparity between LTCC and HBR inflows in the Canary Islands reflects a clear institutional preference, expressing a more optimistic view of Hedera’s enterprise solutions compared to Litecoin’s payments-based utility.
Hedera takes a “business first” approach by designing its network architecture and governance model to meet the demanding requirements and compliance needs of large organizations. Hedera has established key partnerships and collaborations with regulators and government agencies, including the United States Department of Defense and the Qatar Financial Center (QFC).
Meanwhile, Litecoin continues to gain traction in global payments, with gaming platform Stake.com now accounting for 16% of daily LTC transactions according to recent reports.
Despite Hedera’s 3% price drop on Sunday, its market capitalization stands at $8 billion, surpassing Litecoin’s $7.8 billion to become the 19th largest cryptocurrency, according to Coinmarketcap data.
HBAR Price Forecast: Falling Wedge Pattern Projects $0.50 Target
Hedera price appears poised for a potential 150% breakout based on a descending wedge pattern signal on the HBAR/USDT daily chart.
As seen below, HBAR price is consolidating just below key resistance near $0.21, with the broader structure dating back to early February. A decisive break above this resistance could confirm a long-term bullish reversal, validating the projected 150% upside target towards $0.50.
Technical analysis of Hedera (HBAR) price, November 2, 2025 | Trading View
The 50-day SMA (yellow) is currently trading around $0.20, acting as near-term support, while the 100-day SMA (blue) and 200-day SMA (green) are hovering around $0.22 and $0.20, forming a compressed consolidation zone. This grouping of moving averages signals impending volatility when HBAR price breaks in one direction or the other.
Momentum indicators are bullish, with the MACD line having just crossed the signal line, suggesting the creation of bullish momentum. The relative strength index (RSI) is down at 53.6. The euphoria surrounding the ETF approval verdict has subsided after recent profit-taking.
A decisive close above $0.21, which would validate a confirmed breakout of the corner. If this happens, analysts expect HBAR to first target the $0.28 resistance, followed by $0.35, before ultimately attempting to reach the full trend extension near $0.50.
Conversely, failure to sustain above the wedge’s intermediate support at $0.18 could expose HBAR to a pullback towards $0.15.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with experience supporting various Web3 startups and financial organizations. He completed his undergraduate degree in Economics and is currently studying for a Master’s degree in Blockchain and Distributed Ledger technologies at the University of Malta.
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