- Robinhood has added HBAR to its growing list of supported cryptocurrencies, giving Hedera greater exposure to U.S. retail investors.
- Analysts see this as a potential game-changer for the token’s price action, possibly pushing HBAR to break above the key resistance at $0.47.
Robinhood has officially added Hedera’s native token, HBAR, to its U.S. platform, marking a significant step forward in making the asset more accessible to retail investors. With this move, HBAR becomes the 29th cryptocurrency supported on the app, joining major players like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA).
The listing sparked an immediate market reaction, pushing HBAR up 13% intraday to $0.28, even as overall crypto market sentiment remained relatively subdued.
Given Robinhood’s more than 23 million funded accounts, its listings often act as liquidity boosters and major visibility drivers. This momentum has fueled optimism around HBAR’s potential, with analyst Crypto Cred noting, “HBAR reaching $5 may happen sooner than expected.”
If bullish momentum holds, analysts expect HBAR to first test its July 18 high of $0.29. A strong close above $0.29 would confirm this bullish trajectory, with long-term resistance sitting around $0.37. Currently, HBAR trades at $0.2657 after a 24-hour surge of 11.73%, though it remains down 0.80% on the week. Its trading volume has jumped 83% to $1.04 billion, while market capitalization climbed 11% to $11 billion.
Robinhood had already introduced HBAR and Lido DAO (LDO) to its U.K. users back in January. For Hedera, this recent move shines a spotlight on its enterprise-grade network, tokenization capabilities, and carbon offset initiatives, features that resonate strongly with ESG-focused investors who are now entering the U.S. crypto space.
One key factor here is retail access. Many everyday investors prefer Robinhood over large global exchanges like Binance or Coinbase. By listing on Robinhood, HBAR gains direct exposure to a mobile-first audience that previously had limited options for purchasing the token.
HBAR Highlights
On July 23, the network successfully completed its mainnet upgrade to version 0.63, a maintenance-focused release that wrapped up in just 40 minutes. While the update didn’t touch HBAR’s tokenomics or smart contract functionality, it introduced key performance improvements.
These included support for non-zero shard and realm IDs in system commands, fee configuration throttling to better manage administrative changes, and MerkleDB tuning to boost storage efficiency and reduce processing overhead. These behind-the-scenes enhancements are all about making Hedera’s infrastructure faster, smoother, and more reliable for both users and developers.
At the same time, Grayscale Investments and Canary filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Hedera (HBAR) exchange-traded fund (ETF), which, if approved, would be listed on Nasdaq. This would give U.S. investors regulated, direct exposure to HBAR without having to hold the tokens themselves.
Spot Bitcoin ETFs are attracting over $53 billion in inflows, and Ethereum ETFs are pulling in more than $6.4 billion. Bloomberg analyst James Seyffart noted on X that confidence in an HBAR ETF approval is growing rapidly, with some even projecting approval odds as high as 90%.
These developments come amid a crypto-friendly shift in the U.S. regulatory environment under the Trump administration, reigniting interest from retail and institutional investors alike, especially in legacy altcoins like HBAR that already have strong compliance records and enterprise-grade utility.
Source: https://www.crypto-news-flash.com/could-robinhoods-25m-users-be-the-catalyst-for-hederas-breakout-moment/?utm_source=rss&utm_medium=rss&utm_campaign=could-robinhoods-25m-users-be-the-catalyst-for-hederas-breakout-moment