Crypto market observers are forecasting Hederaโs native crypto to blast past $2 in case of a successful shot with the HBAR exchange-traded fund (ETF) application. Currently, HBARians are holding their breath for July 11, 2025, when the first HBAR ETF decision results will be made.
HBAR ETF Fuels Hederaโs $2 Dreams
According to the HBAR ETF pitch by Canary Capitalโs hedge fund, a decision on Hederaโs ETF will be made on June 11, 2025, along with a Poladot Trust ETF by Grayscale. Initially, the HBAR ETF was supposed to know its path a month ago, but the U.S. Securities and Exchange Commission (SEC) has been busy reviewing 72 crypto ETF submissions.
Naturally, the ETF applications being approved are far more likely since Gary Gensler was replaced with Paul Atkins. The previous SEC chair initiated plenty of lawsuits against known crypto companies, while the latter is working on developing a comprehensive regulatory framework for crypto in the United States (USA).
HBARโs Diagonal Resistance Explained
Hedera Hashgraph (HBAR) didnโt really bank on Bitcoinโs (BTC) new all-time price record. Conversely, HBAR price slipped by 3.4% over the past 30 days, keeping the DLT altcoin below the crucial $0.20 threshold for the most part of the month.
Presently trading at $0.1858, HBAR has to break out of diagonal resistance at $0.19 before making any serious attempts at fulfilling the $2 dream. As per analysis by pro crypto trader Maelius, the breakthrough from the diagonal resistance on a weekly chart basis could manifest into a โfull sendโ, like the 2021 HBAR price rally to $0.56.
If the HBAR ETF indeed gets approved by June 2025, the diagonal structure could play out sooner. For now, XRP bulls have been in slight advantage over short-sellers since May 5, 2025, apparent in the steadily positive Chaikin Money Flow (CMF) index. In contrast, the negative Balance Of Power (BOP) metric suggests that the current HBAR price trend is rather indecisive.
On The Flipside
- Top market observers estimate that the HBAR ETF decision by the U.S. Securities and Exchange Commission (SEC) could be postponed once more, as SEC has 71 applications to look through.
Why This Matters
Crypto assets on traditional stock markets bring the digital asset class to a fresh audience, solidifying the coinโs liquidity & long-term market value.
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