HBAR is up 16% in the last 24 hours, the best performer among the top 20 cryptocurrencies by market cap.
The coin rallied ahead of the Hedera ETF listing on the NYSE.
HBAR outperforms other major cryptocurrencies
HBAR, the native coin of the Hedera blockchain, is the best performer among the top 20 cryptocurrencies by market cap. It added 16% to its value in the last 24 hours, allowing it to cross the $0.20 mark.
The rally comes as the Canary HBAR ETF is set to commence trading on the New York Stock Exchange today. According to Bloomberg’s senior ETF analyst Eric Balchunas, several altcoin-focused crypto ETFs are set to begin trading, including the HBAR Fund by Canary.
The new ETFs will allow institutions to gain more exposure to the cryptocurrency market, with most of them trading Bitcoin and Ethereum-focused funds since the start of the year.
The listing comes as a surprise due to the ongoing U.S. government shutdown, with the Securities and Exchange Commission only retaining a few essential staff during this period.
However, HBAR’s price could rally higher in the near term thanks to this latest development.
HBAR eyes $0.23
The HBAR/USD 4-hour chart is bullish and efficient thanks to the ongoing rally, with the technical indicators suggesting a further upward rally. The MACD lines are within the positive territory, suggesting a bullish bias.
Furthermore, the RSI of 80 means that HBAR is close to entering the overbought region. If the bullish trend continues, HBAR could rally towards the next resistance level at $0.23400 over the coming hours. An extended rally would allow the coin to touch the $0.26 mark for the first time since August 22.
However, if the market undergoes a correction following this rally, HBAR could drop to the $0.18 level to cover the FVG left by the massive push. The low of $0.16 will provide support in the near to medium term to allow the coin to surge higher.
Solana ETFs’ launch has boosted institutional interest and market optimism.
Bulls target $230 as SOL holds strong above the key $200 support zone.
Technical analysis shows rising momentum with resistance near $216–$227.
The long-awaited Solana ETFs have finally been approved, sparking renewed optimism across the crypto market.
The ETFs’ approval has reignited bullish momentum, with analysts believing that the Solana price could soon rally toward $230 and beyond.
Solana ETFs debut fuels optimism
Bitwise and Canary Capital have confirmed that their individual Solana ETFs officially begin trading on October 28 after weeks of regulatory uncertainty.
Bitwise’s product, launched under the ticker BSOL, serves as a gateway for institutional exposure to Solana, featuring staking powered by Helius Labs and a temporary management fee waiver.
– First U.S. ETP to have 100% direct exposure to spot SOL – Maximizing Solana’s 7%+ average staking reward rate* – Targeting 100% of assets staked – Staking through Bitwise Onchain Solutions, powered by… pic.twitter.com/Vo8Ko0qOCn
Grayscale has also moved swiftly, converting its Solana Trust (GSOL) into an ETF holding over $105 million worth of SOL.
Meanwhile, VanEck has also filed its sixth S-1/A amendment, with its Solana ETF status officially changed to “effective” and a 0.3% management fee established.
Adding to the growing momentum, Hong Kong’s first Solana ETF also began trading on Monday, marking Asia’s initial entry into the Solana ETF landscape.
Despite this wave of institutional activity, retail demand for Solana remains subdued.
Futures open interest sits near $9.75 billion — up slightly from the previous day but still below the $10 billion mark — indicating that traders are cautious amid market volatility.
Even so, analysts believe the ETF launches signal a critical turning point for Solana, reinforcing its legitimacy as an institutional-grade digital asset and providing the foundation for its steady hold above $200.
Bulls take charge as momentum builds
While retail demand for Solana remains unresponsive, the Solana price has been climbing steadily from $190 to $205, with short positions fading quickly.
Analysts note that bearish volume profiles are weakening while liquidity accumulates at higher price levels.
This shift has tilted momentum firmly in favour of buyers, with several technical indicators confirming the strength of the ongoing rally.
On the 4-hour chart, Solana trades above both its 50-day and 200-day moving averages, reinforcing the bullish setup.
The Ichimoku Cloud analysis shows a clear breakout, with price holding above key support between $197 and $201 — a signal that often precedes extended upward moves.
The Relative Strength Index (RSI) also hovers near 62, leaving room for additional gains before overbought conditions emerge.
Analysts now eye resistance zones between $204 and $208, followed by key hurdles at $216, $227, and $230.
Notably, a confirmed close above $205 could trigger a sustained rally toward these upper levels.
If momentum continues, higher targets around $237 and $253 come into view, aligning with Fibonacci retracement levels that mark previous swing highs.
Technical patterns hint at a repeat of 2023
Market observers have compared the current structure of Solana’s price chart to its 2023 breakout phase.
Analysts such as GalaxyBTC point to an ascending triangle pattern forming on the weekly chart, defined by a series of higher lows that indicate strong accumulation.
The critical support at $188 remains intact, representing the network’s largest volume cluster where many long-term holders entered the market.
A successful breakout above $200 would confirm the pattern and potentially lead to a test of $215 and $225, echoing the bullish behaviour seen two years ago.
The broader macro picture also appears supportive.
Some traders suggest that if the US Federal Reserve signals an end to quantitative tightening, it could inject much-needed liquidity into the market — providing another tailwind for Solana’s next leg higher.
Long-term outlook stays bullish
Even as short-term traders monitor resistance near $230, long-term analysts remain optimistic about Solana’s broader trajectory.
The asset has maintained a pattern of higher lows since early 2023, and its market structure mirrors the accumulation phase that preceded its previous bull run.
Projections place potential mid- to long-term targets around $300, $390, and even $520 if momentum and institutional demand persist.
In the near term, maintaining support between $198 and $200 is crucial.
If buyers continue to defend this zone, the Solana price could strengthen further, confirming its leadership among major altcoins.
As the first wave of Solana ETFs begins trading, the market’s sentiment has clearly shifted — bears are losing ground, and bulls now have their eyes fixed firmly on the $230 milestone.
Canary Capital’s HBAR and LTC ETFs approved for launch on Nasdaq.
The ETF approvals have sparked bullish momentum for Hedera and Litecoin prices.
Institutional interest in Hedera has also grown significantly with new global partnerships.
The long-awaited approval of the Hedera ETF and Litecoin ETF has arrived, marking a pivotal moment for both assets.
With trading set to begin on the Nasdaq, investor enthusiasm has driven renewed interest in HBAR and LTC, sending prices higher as markets react to the historic development.
A breakthrough amid a US government shutdown
In a surprising turn of events, Canary Capital confirmed that its spot ETFs tracking Hedera and Litecoin will launch tomorrow on the Nasdaq.
The approval comes despite the ongoing US government shutdown, which many assumed would halt all Securities and Exchange Commission (SEC) operations.
However, a recent procedural shift allowed issuers to bypass direct SEC intervention by letting their filings automatically go effective after 20 days.
According to Canary Capital CEO Steven McClurg, both ETFs have met all legal requirements and are ready to trade.
Bloomberg ETF analysts Eleanor Terrett and Eric Balchunas confirmed that the NYSE and Nasdaq have certified the required 8-A filings, the final step before shares can begin trading.
This development follows the model used for previous spot crypto ETFs, including those for Bitcoin and Ethereum, but with an even more dramatic twist, given the timing during a government shutdown.
🚨NEW: @CanaryFunds spot $HBAR and $LTC ETFs are now effective and will begin trading on the NASDAQ tomorrow, according to CEO @stevenmcclurg.
“Litecoin and Hedera are the next two token ETFs to go effective after Ethereum,” McClurg told me in a statement. “We look forward to… https://t.co/tPjsjLEE3R
The approval of the Hedera and Litecoin ETFs has energised the crypto market, sparking fresh optimism among investors who view it as another major step toward mainstream adoption.
Hedera’s native token, HBAR, has rebounded strongly, climbing to around $0.21 at press time and reclaiming critical technical levels.
Notably, HBAR’s rise above its 20, 50, 100, and 200 exponential moving averages signals a decisive bullish shift.
At the same time, the Litecoin price is attempting to break through its stubborn $100 resistance level.
LTC price briefly spiked above the $100 mark following the ETF announcement, reflecting heightened investor interest, though it has yet to confirm a full breakout.
Technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD), suggest that a sustained move above $100 could mark the start of a broader bullish reversal for Litecoin.
Market data also shows a shift in trading behaviour.
Hedera’s open interest has declined from over $500 million earlier this year to roughly $163 million, indicating reduced speculative leverage.
This suggests that HBAR’s latest rally is being driven more by genuine spot demand than by leveraged futures trading — often a sign of healthier market growth.
Institutional momentum grows for Hedera
Beyond the ETF launch, Hedera’s recent institutional partnerships have strengthened its long-term outlook.
The network has been selected to participate in the Reserve Bank of Australia’s Project Acacia, exploring the use of distributed ledger technology (DLT) in tokenised financial markets.
It has also been chosen by the Bank of England for its DLT Challenge, further cementing Hedera’s position among credible blockchain platforms with real-world use cases.
Meanwhile, asset management giant T. Rowe Price has filed for an actively managed crypto ETF that may include both HBAR and LTC, signalling rising institutional confidence in these networks.
These developments are viewed as reinforcing the credibility of both assets at a time when regulated exposure through ETFs is gaining traction.
What traders should expect
If current momentum holds, Hedera price could test higher resistance zones near $0.25 and even $0.28 in the coming weeks, while Litecoin price may finally break through the $100 ceiling that has capped its rallies for months.
However, analysts maintain that Hedera (HBAR) must stay above $0.21, which has been established as the immediate support, for the bullish momentum to build.
At the same time, Litecoin (LTC) must stay above $99.67 for the $100 to come to effect.
Rising open interest and whale buying signal bullish momentum.
The Hyperliquid price has seen a brief pullback after a significant surge today, shedding 1.2% to trade around $46.57.
Despite this short-term dip, the HYPE token remains up 19.5% over the past week, highlighting continued investor interest and optimism about the project’s long-term prospects.
The retracement follows a strong rally and reflects a blend of profit-taking, technical rejection, and growing competition in the decentralised derivatives space.
Competition and profit-taking weigh on sentiment
After a robust run last week, Hyperliquid encountered selling pressure near the 38.2% Fibonacci retracement level at $49.36.
The failed breakout prompted traders to lock in gains, leading to a brief correction.
The MACD histogram is flipping negative on the 4-hour chart, signalling weakening short-term momentum, while the RSI eased from overbought territory at 69.89, suggesting that the market needed a cooldown after a 19% weekly surge.
Part of the sell-off also reflects the growing rivalry between Hyperliquid and the newly launched Binance-backed Aster DEX.
Since its debut on September 17, Aster has attracted massive trading volumes, processing $20.8 billion on its first day compared to Hyperliquid’s $9.7 billion.
Aster’s rapid adoption and $2 billion in total value locked within a week have shifted liquidity across the decentralised perpetuals landscape, briefly denting Hyperliquid’s dominance.
Still, Hyperliquid maintains a commanding presence in the market.
With a $12.74 billion market cap and a total value locked (TVL) of $4.85 billion, it remains one of the largest decentralised derivatives platforms.
However, traders are watching closely as the project faces near-term headwinds from both external competition and internal supply pressures.
HYPE token unlock fears
The most immediate challenge facing HYPE is a looming token unlock event beginning on November 29.
Around 237.8 million tokens — roughly 24% of the total supply — will begin to unlock over 24 months.
At the current price, this adds nearly $500 million per month in potential sell pressure, partially offset by $65 million in monthly buybacks from the project’s treasury.
This could lead to a monthly imbalance of around $410 million, which could lead to near-term volatility as the market adjusts to the increased supply.
Despite these concerns, the project’s $1 billion treasury filing, connected to the Sonnet Bio and Rorschach merger, could help counterbalance some of the dilution fears.
The treasury’s size and strategic reserves give the team room to manage liquidity and maintain market confidence through buybacks or ecosystem growth initiatives.
On-chain data shows bullish undercurrents
While short-term traders may focus on resistance levels, derivatives, and on-chain data tell a more optimistic story.
Futures open interest (OI) on HYPE has surged from $1.27 billion last Wednesday to $1.97 billion on Monday, the highest level since early October.
Rising open interest signals new capital entering the market, typically an indicator of growing bullish conviction.
Data from CryptoQuant also shows that whales — large investors — are increasing their positions, with buy orders dominating both spot and futures markets.
This accumulation trend suggests that institutional and high-net-worth participants expect further gains ahead.
Network data reinforces this bullish sentiment.
According to Artemis Terminal, Hyperliquid’s 24-hour chain fee revenue reached $2 million, surpassing edgeX and BNB Chain.
High network fees often correlate with elevated trading activity and liquidity, signalling robust user engagement even amid short-term market uncertainty.
Key technical levels to watch for the Hyperliquid price
Technically, HYPE has shown resilience after breaking above its descending trendline and the 50-day exponential moving average (EMA) at $43.54.
Over the weekend, it held that level as support before climbing back above $48.57.
If the token closes above the next resistance at $51.15, analysts expect the rally to extend toward the record high of $59.46, last seen on September 18.
However, a failure to hold above the $43.54 EMA could open the door for a deeper correction toward the $41.6 support zone.
ZEC is the best performer among the top 30 cryptocurrencies by market cap, up 12% in the last 24 hours.
The coin is now trading above $350 and could rally higher in the near term.
ZEC surges above $350 as rally continues
ZEC, the native coin of the ZCash ecosystem, has continued its rally, up 12% in the last 24 hours. The rally comes after the coin added 380% to its value in the last 30 days, outperforming other major cryptocurrencies.
The positive performance comes after Solana, the world’s second-largest smart contract platform, launched wrapped ZEC via the Zolana bridge. The wrapped tokens function as standard Solana Program Library (SPL) tokens. Hence, they don’t offer the privacy protections inherent to native Zcash.
Furthermore, they are backed 1:1 by native ZEC but do not conceal balances or transaction data.
ZEC targets $400 as bullish trend continues
The ZEC/USD 4-hour chart is bullish and efficient thanks to the coin’s ongoing rally. The technical indicators are bullish, suggesting that buyers are currently in control. The bullish trend could see ZEC’s price surge higher in the near term.
The Relative Strength Index (RSI) of 67 shows a bullish bias, with the buyers currently in control. The MACD lines are also within the positive region, suggesting that the price could surge higher in the near term.
If the bullish trend continues, ZEC could rally towards the $400 level over the next few hours or days. An extended bullish run would allow ZEC to hit a multi-year high of $500 in the coming days or weeks.
However, if ZEC faces a correction following its recent run, it could retrace to the ILQ at $318 over the next few hours. Further downtrend could see ZEC drop to the major support and TLQ level at $235. This support level will likely hold in the medium term, allowing ZEC to build on its recent run.
