The popular utility altcoin Hedera Hashgraph (HBAR) is looking for a catalyst to reclaim levels achieved during January’s bull run. Indeed, HBAR kicked the year off with a momentous rally to $0.375 twice, while now analysts mark the $0.33 resistance as the next plausible price target.
To manifest a rebound rally after a 5.5% monthly downturn, HBAR mostly relies on this week’s looming decision on the Hedera ETF by Canary Capital. Originally, the hedge fund pitched this idea to the U.S. Securities and Exchange Commission (SEC) on December 12, 2024.
HBAR Price Prepares For ETF Decision This Week
Now, the most important date for HBARians this month is likely to be July 11, 2025. Notably, the SEC is most likely to give an update on both forms, the Canary Capital’s S-1 form & the 19b-4 filled by NASDAQ as the second step. However, the final decision could drag until late October, but Bloomberg’s financial analysts predict a 90% chance of approval by the end of 2025.
Aside from the pitch by Canary Capital, Grayscale has also applied for an HBAR ETF. That application is in the early stages in comparison to Canary Capital’s, even though Grayscale remains among the top contenders to launch an altcoin ETF as soon as this year.
Now, HBAR crypto bulls are looking to break the $0.17 resistance levels, which is pivotal to reclaim $0.23 & 0.33 levels, outlined earlier by Crypto Smith in the double bottom prediction. The yearly turnout has been fruitful with 142% gains in 365 days, but HBAR is still over 71% down from its all-time price record of $0.56.
At publication time, HBAR is trading just above $0.16, but a delay in the looming HBAR ETF could plummet the altcoin back below $0.15, especially if trading volumes on Spot markets continue to dwell below $200 million per day.
On The Flipside
- Hedera’s native crypto HBAR is facing fierce competition with other major-cap altcoins up for consideration, including Ripple (XRP), Solana (SOL) & Litecoin (LTC).
Why This Matters
The Securities and Exchange Commission’s approach towards crypto innovation has switched towards collaboration, paving the way for altcoin exchange-traded funds.
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People Also Ask:
HBAR formed a bullish double bottom at $0.1254, signaling a potential price reversal.
A Canary HBAR ETF, under SEC review, could drive institutional investment, boosting HBAR’s price.
If HBAR breaks the $0.17 neckline, a 45% rally to $0.33 is possible, per technical analysis.
Rising stablecoin supply and whale interest, as noted by Ciphera, plus ETF hype, signal bullish momentum.
Weak development activity and failure to break $0.162 resistance could pull Hedera (HBAR) back to $0.143.
