The altcoin markets are following in the footsteps of Bitcoin (BTC), picking up rebound points on Wednesday. Hedera Hashgraph (HBAR) is among the quickest to restore previous support lines, now approaching $0.20 for the first time since March 25, 2025.
HBARโs 12% Run: A Start Of Something Bigger?
As geopolitical tensions are slowly wearing off due to United States President Donald Trumpโs more lenient stance towards trading with China, the general market sentiment quickly shifted towards greed levels from neutral. According to the Fear & Greed Index, last weekโs dominating fearful sentiment switched into neutral yesterday before substantial buying pressure kicked in.
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As a result of the positive shift in sentiment, Hederaโs native token HBAR broke through the falling wedge pattern, which occurs as a signal of an ending downward trend. With this pattern in play, Hederaโs (HBAR) next stop could be $0.38, argues crypto analyst Carl Moon.
However, the classic falling wedge pattern could take HBAR price above $0.50 and produce a new all-time high, as the current one stands at $0.56, hit over three years ago. With a 67% distance from this milestone, the altcoinโs supporters are awaiting news on the HBAR ETF pitch, as well as an outcome from SWIFT testing HBAR for cross-border transfers.
Assessing The Odds Of HBAR Price At $1
While crypto analysts such as Merlijn The Trader agree with Moon Carlโs theory on the falling wedge pattern exercising potential towards $0.38, other traders dare to dream for more due to a valid reason. After Nasdaq and Grayscale filed for an HBAR ETF tracking Hedera’s Spot market movements, the altcoin became one of the main contenders for approval.
Some HBAR coin holders expect a similar pump to XRPโs breakthrough after the partial win against the U.S. Securities and Exchange Commission (SEC) if any of the ETFs are approved, but the biggest potential underlies the SWIFT testing of HBAR for immediate transactions, as that would open up a global market of 150 trillion, approximately 50 times larger than the current crypto industry cap, according to CoinGecko.
On The Flipside
- HBARโs price recently fell into a bull trap, taking a hit due to a fake LinkedIn profile announcing a rumored integration with NVIDIA.
- The partnership message supposedly congratulated HBAR on joining the Artificial Intelligence (AI) subsidiary, creating fake hype.
Why This Matters
The swiftly shifting market sentiment adds a sparkle to rebound rallies, which can be portrayed in technical patterns such as the falling wedge, signaling a breakthrough in price trends.
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