Hedera token HBAR is currently trading at $0.18801, reflecting an approximate 12% increase over the past week. This uptick is particularly notable as it approaches a significant resistance level, with the $0.20 mark potentially signaling a pivotal moment for the token. Interestingly, despite this growth, there has been an 18% decline in daily trading volume, which now stands at $165 million.
Kenya Stock Market Selects Hedera For Digital Exchange
The recent price movement coincides with a substantial advancement in Kenya’s financial sector, which is increasingly embracing blockchain technology. The Nairobi Securities Exchange has reportedly selected the Kenya Digital Exchange (KDX) to operate on Hedera’s network. This initiative is seen as a crucial real-world use case for Hedera within the expanding realm of tokenized assets.
As optimism continues to build regarding HBAR’s future, analysts on social media platforms are contributing to the positive sentiment. Market commentator Gilmore Estates has highlighted a recent breakout in HBAR’s price, indicating a shift from its consolidation phase observed at the end of 2023.
$HBAR loading its next leg up!
Consolidation looks complete — a breakout toward $2+ is on the horizon.
Hedera’s just getting started. pic.twitter.com/wc9QJuZ0HU
— Gilmore Estates (@Gilmore_Estates) May 1, 2025
Technical indicators, including moving average crossovers, support the prevailing bullish outlook, coupled with healthy trading volume. Moreover, HBAR has reached price levels that have not been observed since mid-2022.
In February 2025, HBAR submitted an application for a spot Exchange-Traded Product, akin to an ETF in traditional finance. The SEC is expected to make a decision regarding this application by November 11, 2025.
Bloomberg analysts have given an 80% probability rating for approval, citing favorable market dynamics and a growing demand from institutional investors. Approval could potentially lead to a substantial inflow of capital into Hedera from conventional financial sectors.
Corporate Giants Support Hedera’s Enterprise Platform
In contrast to many cryptocurrency projects, Hedera’s governance is backed by a consortium of major players in the technology industry. This structure provides institutional credibility to the network, which adopts a distinctive technical approach compared to other blockchain platforms.
Reports suggest that Hedera’s underlying technology is based on Hashgraph, a Directed Acyclic Graph architecture that delivers high transaction throughput and rapid finality.
Focusing On RWAs
Hedera continues to concentrate on practical applications, as demonstrated by initiatives such as its Guardian platform for ESG tokens, real estate tokenization via TOKO, and green bonds through Evercity. While meme coins and newer blockchain projects dominate headlines with their volatile price movements, HBAR remains steadfast in its focus on infrastructure development, regulatory compliance, and the adoption of business solutions.
Featured image from Unsplash, chart from TradingView
