Hedera Hashgraph’s native HBAR token carried the weight of crypto market correction along with its altcoin peers, dropping 10.5% in 7 days. This brings the popular altcoin to a 18.3% deficit over the past two weeks, marked with sluggish trading volumes, barely reaching $100 million in 24 hours on Spot.
Calm Before The Storm For HBAR?
Hedera’s crypto community, popularly referred to as HBARians, are closely watching the legal developments in Canary Capital’s bid for the inaugural Hedera ETF. Intriguingly, the United States Securities and Exchange Commission (SEC) is slated to make a decision on the matter by June 11, 2025.
Aside from the HBAR ETF, the Hedera HashSphere is set to launch in Q3 of 2025. This is an institutional-grade side blockchain from Hedera, enabling HBAR & Hedera-supported stablecoins to be used for immediate cross-border transactions, on-chain book-keeping & ensuring business compliance without any hassle.
Is HBAR Price Swinging By $0.40?
The stagnant trading volumes on Spot markets are well mirrored by the on-chain signals on the price of HBAR. For one, the 50 shades of red on Hedera’s Moving Average Convergence Divergence (MACD) meter suggests that bulls are nowhere near control of the current HBAR price movement.
Conversely, the crypto bear presence on Hedera is still going strong. Trading at $0.1666, the popular Distributed Ledger Technology (DLT) based altcoin trembled below the middle Bollinger Band (BOLL). Additionally, the red-label band at $0.20, depicted in the graphic below, shows us where the price trend can flip back to bullish.
Last time the $0.20 threshold was reclaimed on May 22, 2025, but the price upswing was short-lived. To tackle $0.40, Hedera’s DLT crypto has to regain mid January levels. Indeed, HBAR formed a double top at $0.36 & 0.37 consecutively in December & January, but these big climbs were fueled with billions in trading volume per day.
On The Flipside
- True strength Index (TSI) is flashing an ultra bearish signal at -0.90, the lowest point since last month.
Why This Matters
Regulatory wins and technological advancements always served as the kicker for Hedera’s long-term price appreciation.
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The SEC is evaluating proposals, like those from Grayscale and Canary Capital, to list spot ETFs tied to Hedera Hashgraph (HBAR), allowing investors to gain exposure without directly owning the token.
The SEC postponed its decision to June 11, 2025, to allow more time for public comment and to assess regulatory compliance, as seen with 72 crypto ETF applications.
Approval could increase institutional investment and accessibility, potentially pushing HBAR’s price higher, as seen with a 17.07% surge after recent ETF news.
A rejection could dampen investor confidence, potentially causing a short-term price drop for HBAR, though market sentiment and other factors also play a role.
A commodity classification via Nasdaq could align HBAR with CFTC jurisdiction, sidestepping securities debates and boosting its regulatory clarity and market legitimacy.
