172
Robinhood, one of the most popular crypto trading apps in the United States, has now officially listed spot trading for Hedera’s coin, HBAR. What this implies is that US users on Robinhood can now directly buy and sell HBAR. With over 20 million monthly users, Robinhood is a major gateway for younger, mobile-first investors. This addition may be a game-changer for Hedera’s adoption. The listing not only gives millions of individual traders a way to access HBAR, but it also raises the profile of the token in mainstream finance. Robinhood has steadily rolled out support for major altcoins, such as Solana (SOL) and Avalanche (AVAX), and HBAR is now the 29th cryptocurrency available to U.S. users.
HBAR’s price surged close to 7%, up to about $0.2481, as trading volumes increased. The cryptocurrency had just dropped to a low of $0.233 but rapidly recovered following the Robinhood listing. As of now, Hedera (HBAR) is trading at $0.2516, up 4% in the past 24 hours, with a market capitalization of approximately $10.66 billion. The token still remains 56% below its all-time high of $0.5701, reached on September 16, 2021.
Even after previous drops, HBAR is staying above crucial technical levels such as the 50-day and 200-day moving averages. Even the Relative Strength Index (RSI) has cooled off, so there’s still room for further upside. Analysts maintain that this bounce may be part of a wider recovery and not merely a fleeting pump. HBAR now faces important price levels. If it can break through resistance at $0.26, it may climb back to $0.30. But if it falls below $0.213, a deeper correction might follow.
On July 24, just before the listing, Hedera rolled out a testnet upgrade to version 0.64, which boosted network performance and reliability. Though it only affected the testnet, the update is a clear signal that Hedera continues to improve its technology. Its hashgraph consensus mechanism, known for speed and energy efficiency, remains a key part of its long-term value proposition.
There’s also increasing institutional interest. Firms such as Grayscale and Canary Capital have filed for HBAR-focused ETFs. No fund has yet launched, but Bloomberg’s Eric Balchunas estimates the odds of approval at 90% and that has fueled speculation and pushed demand higher. Robinhood’s support is a major win for Hedera. It expands access to millions of U.S. users and adds momentum just as institutional demand is heating up.
