Hedera Hashgraph’s native coin has been among the hottest performers in the major crypto category, but the recent market downturn didn’t spare HBAR. The altcoin briefly tapped near $0.30, but got rejected to the previous support level of $0.25.
Sponsored
Now, the $0.24 – $0.25 support level provides a favorable entry point for some crypto whales. “Just bought a large bag of HBAR at $0.24”, – boasted Crypto Zayn, expecting to capitalize on the news that NASDAQ has filed for the first Hedera-based exchange-traded fund (ETF).
Calling the $0.50 & $0.75 HBAR price targets “data-backed”, this trader highlights Hedera’s strong ties with Google, IBM, Boeing & a few governments across the globe as pivotal for Hedera’s adoption.
ETF Pitch To Send HBAR Beyond $1?
Meanwhile, technical crypto analyst Chart Nerd explained why HBAR’s price could strive for higher targets than that. According to them, HBAR has established a bullish flag between $0.22 to $0.24, so as long as this key support level holds, the eventual breakout target exceeds $1.
The 1.414 Fibonacci Extension target flashes as much as $1.80, but that can happen only on one condition. Of course, Hedera’s Distributed Ledger Technology (DLT) based chain should pick up the trading volumes with the likes of Ripple (XRP), which freshly hit an all-time high while recording $10 billion in 24-hour trading volume.
Presently, HBARians are looking forward to September’s key decision on the Canary Capital HBAR ETF pitch. With Bloomberg’s analyst being 90% sure of a Hedera-based ETF product gaining approval by the end of the year, it’s natural that HBAR bulls would push the altcoin to unprecedented heights, surpassing the $0.569 all-time peak, hit over four years ago.
On The Flipside
- With numerous altcoin-linked ETF delays, there’s a high chance that Canary Capital’s ETF submission would be undecided till November, 2025.
Why This Matters
Hedera’s chain is among the top candidates for an altcoin-based ETF to launch in 2025, as well as to integrate with SWIFT for immediately-settled cross-border payments in the next five years.
Explore DailyCoin’s trending crypto news:
Curve Launches On Etherlink, Flooding Tezos With Stablecoin Liquidity
Ripple (XRP) Eyes $155T SWIFT Pie, Banks Pour $100B Into Crypto
People Also Ask:
Big players like Canary Capital & Grayscale filed for spot HBAR ETFs to let folks invest in Hedera’s token without crypto wallets. These ETFs aim to track HBAR’s price, potentially pumping demand if approved by the SEC.
The next big date is September 9, 2025, for Canary Capital’s ETF. If delayed again, final rulings are due by November 8, 2025, for Canary and November 12, 2025, for Grayscale.
Approval could bring institutional cash, boosting HBAR’s price and street cred. Hedera’s enterprise-grade tech, backed by Google and IBM, makes it a prime pick for TradFi investors.
Analysts like James Seyffart give a 90% chance for approval by year-end, citing HBAR’s non-security status and market hype. But SEC’s cautious vibe could still drag things out.
Green light? HBAR could surge to $0.60-$1.50 long-term with institutional FOMO. Rejection? Price might dip to $0.24-$0.25, but HBAR’s enterprise use cases keep the bulls hopeful.
