Hedera (HBAR) Token is at $0.18801, up nearly 12% in the last week

The new price action comes as Kenya's financial sector makes a major foray into blockchain technology.

The price of Hedera token HBAR rose again on Monday, nearing a key resistance level that investors are watching. The token is up nearly 12% in the last week, as it trades at $0.18801.

The $0.20 level may mark a new era for the token, which has posted consistent gains despite an 18% decline in daily trading volume to $165 million.

The new price action comes as Kenya’s financial sector makes a major foray into blockchain technology. Reports have it that the Nairobi Securities Exchange has chosen the Kenya Digital Exchange (KDX) to launch on Hedera’s network. The move is seen to be a key real-world use case for Hedera in the growing category of tokenized assets.

The integration of KDX with Hedera’s ecosystem will reportedly facilitate the seamless tokenization of diverse assets, encompassing equities, bonds, investment funds, and real estate. This initiative aligns with the broader strategy of the Nairobi bourse to expand its services and cater to the evolving demands of the modern financial landscape.

Moreover, the initiative will introduce a novel avenue for fundraising via tokenized securities, aiming to provide efficient and cost-effective capital-raising solutions for issuers.

While HBAR has faced difficulties breaking through the $0.20 resistance in previous attempts, the token’s strong technical posture and sustained price performance despite reduced trading volume suggest a potential shift in market dynamics.

As HBAR approaches this crucial resistance level, investors and technical analysts will be closely monitoring the token’s price action and any potential breakouts or reversals.

HBAR Surging Despite Reduced Volume

The token has encountered resistance at the $0.20 level on several occasions this year, notably in February and again in March, when it rebounded from the $0.10 support.

A breakout above $0.20 could open the door for a rally towards the next resistance at $0.30, which HBAR last hit in mid-2022.

At the same time, HBAR applied for a spot Exchange-Traded Product, equivalent to an ETF on traditional markets, in February 2025. The SEC needs to make the final decision about the application on or before November 11, 2025.

Bloomberg analysts have issued a rating on the chances of approval at 80%, highlighting positive market dynamics and increasing demand from institutional clients.

Approval with success would flood Hedera with significant new capital from traditional financial sectors.

This initiative aligns perfectly with the broader trends in the cryptocurrency market, as institutions are becoming increasingly interested in Bitcoin and other major tokens.

The initiative would also mark a key milestone for the U.S. in the realm of cryptocurrency regulation.

On the other hand, enterprise giants such as Google, Boeing, and Siemens are already supporting Hedera’s enterprise platform.

As opposed to most cryptocurrency initiatives, Hedera has a governance structure composed of some of the biggest names in the tech sector.

This arrangement lends institutional legitimacy to the network, which takes a different technical strategy than other blockchains.

According to reports, Hedera’s technology is rooted in Hashgraph, a Directed Acyclic Graph architecture that supports transactions of high throughput and rapid finality.

The network has concentrated on real-world applications rather than speculation, such as ESG tokens via its Guardian platform, real estate tokenization with TOKO, and green bonds through Evercity.

Meanwhile, as meme coins and newer blockchain ventures make the news with explosive price action, HBAR is playing a different game focused on infrastructure, regulatory compliance, and business adoption.