Hedera is having a good day. The cryptocurrency, also known as HBAR, is in the spotlight today due to a rally. Although the price has dipped slightly, optimistic signals are pushing it higher. On the other hand, some weaknesses cast a shadow over the cryptocurrency. How is Hedera really doing right now?
Opportunities for Hedera #
Hedera traded in the positive territory for an extended period today in a flat crypto market. The price of $0.1448 looks decent in the short term. Hedera is supported by the Canary HBAR ETF. This is an investment fund that directly holds HBAR and now contains about $54 million. As a result, it provides extra capital and support for the Hedera price.
Canary HBAR is still a relatively new ETF. Therefore, according to research firm SoSoValue, there are inflows when there are outflows from Ethereum and Bitcoin ETFs. This gives the cryptocurrency extra momentum, as only on November 13 was there an outflow.
Another favorable signal for Hedera is the hope that it will soon comply with the new ISO 20022 standard. In a post on X, analyst Mark Chadwick wrote that the payment platform SWIFT will use this new ISO standard for global bank-to-bank transfers:
🚨 BREAKING: SWIFT has confirmed the full cutover to ISO 20022 this weekend meaning all global bank-to-bank payment messages will now run on the new standard. Networks like $HBAR, $XRP, $XLM, and $ICP are among the top ISO-aligned assets positioned for mass adoption as the… — Mark (@markchadwickx) November 22, 2025
Hedera is one of the cryptocurrencies that is likely to meet the ISO standard. This increases the chance that it will actually be used for bank transfers. If that happens, it could turn out favorably for the price.
Concerns about Hedera: Declining Trend #
Zooming out often gives a picture of a cryptocurrency. In that case, the outlook for Hedera looks less favorable. There has been a downward trend over the past 12 months:
Hedera price over the past year. Source: CoinGecko.
Factually, Hedera is back to square one. While the cryptocurrency was trading around $0.135 about a year ago, the price is now back around this point. Since the end of July 2025, HBAR has been declining sharply in value. This is partly due to the sharp decline in Bitcoin recently.
All hope now seems to be placed on a revival of Bitcoin. Although the BTC price is recovering, the crypto market is quite turbulent.
Small Ecosystem #
A point of concern is that Hedera has a fairly small ecosystem. The so-called ’total value locked’, the total value locked, is about $200 million. The difference with Ethereum is large, as this ecosystem has more than $60 billion locked. It means that investors make fairly little use of the Hedera network.
Moreover, the stablecoin supply has dropped from $172 million to $72 million in just one month. That is also clearly a bad sign:
Stablecoin supply on Hedera. Source: DefiLlama.
Hedera is at a crossroads. There are both positive and negative signals. $0.13 forms an important support point. If the cryptocurrency falls below this support, a price below $0.10 is not unlikely. That chance is even greater when Bitcoin falls further. In a full bear market, Hedera may find a bottom around $0.04.