Hedera (HBAR) price prediction: ETF expectations and favourable information may initiate a new rise cycle.

Hedera (HBAR) has attracted widespread attention in the recent price rise. With speculation about the HBAR ETF heating up, a White House report mentioning it, and institutional capital flowing in, the HBAR price is approaching a key resistance area $0.294. Combining technical indicators and macro narratives, market sentiment is shifting towards a bullish direction.

HBAR price rebounds to regain momentum, technical structure shows pump potential

HBAR has recently rebounded strongly from the key support level of $0.238 and is gradually forming higher lows, indicating signs of buyers regaining control of the market. The price is currently approaching the key resistance area of $0.294, which had formed peaks in April and June, making it a focal point for short-term breakout observation.

(HBAR/USD daily chart | Source: TradingView)

If HBAR successfully breaks through this level, it is expected to open the door to a long-term pump trend. Historically, this area has seen intense buying and selling battles, indicating strong capital follow at this point.

From a technical indicator perspective, the DMI (Directional Movement Index) is supporting a bullish trend. The +DI (Positive Directional Indicator) has crossed above the -DI (Negative Directional Indicator) and continues to rise, indicating that buyers are in control. Meanwhile, the ADX (Average Directional Index) has risen above 40, suggesting that the current bullish trend is not only clear but also has momentum support.

The price is currently consolidating above $0.25, providing a solid foundation for subsequent breakthroughs.

ETF expectations heat up, White House mentions HBAR reinforcing compliance signals

HBAR was mentioned in the White House crypto report, further strengthening its compliance status as an enterprise-grade blockchain platform. Although the report is relatively macro in content, its recognition of Hedera provides potential policy groundwork for the subsequent listing of ETFs.

Market analysts generally believe that HBAR has the structural foundation to launch an ETF, and related speculation is heating up. Once approved, the HBAR ETF will provide a convenient pathway for institutional capital to enter the market, especially considering that HBAR has been listed on mainstream U.S. trading platforms such as Robinhood.

Open interest increased by 10%, indicating continuous capital inflow into the market

According to the data, the open interest (OI) in the HBAR derivatives market has risen by 10%, currently totaling $419 million. This increase represents an injection of new capital and confirms the bullish expectations in the market.

(HBAR Open Interest Position | Source: Coinglass)

In addition, Grayscale has included HBAR in its smart contract fund, further solidifying its position in the eyes of institutional investors. Whether retail traders or institutional investors, the market's follow of HBAR continues to heat up, and it may be seen as a medium to long-term potential cryptocurrency in the future.

Market sentiment turns positive, macro narrative supports bullish expectations

The current price rise of HBAR is not solely due to short-term speculation, but is supported by multiple positive factors: including expectations of ETF approvals, mentions at the policy level, capital inflows, and the participation of institutions such as Grayscale. Although $0.294 remains an important resistance level, the overall structure shows a clear bullish trend.

As long as the relevant narrative continues, the upward momentum of HBAR prices is expected to persist.

Conclusion: The recent price trend of HBAR shows positive signals from both a technical and fundamental perspective. With the increase in ETF discussions, enhanced policy support, and continuous capital inflow, HBAR is gradually transforming into a mid-to-long-term crypto asset worth following. Investors should pay close attention to the price movement after breaking through $0.294 to determine whether a new pump cycle has officially begun.

HBAR-5.43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)