- HBAR dropped 19% this week, following broader market stress and ETF-related uncertainty, but still posts strong monthly gains.
- ETF hype is building, with one Hedera Spot ETF under SEC review—analysts eye a potential breakout toward $1.10 if support holds.
- Despite short-term weakness, real-world adoption (like Australia’s CBDC trial on Hedera) keeps long-term bullish hopes alive.
Hedera (HBAR) hasn’t had the smoothest week. The token’s fallen roughly 19% in the past seven days, sliding to around $0.22 after a string of volatility hit the crypto space. Altcoins took the brunt of it—and HBAR wasn’t spared.
Just a few weeks back, things looked bright. In June, HBAR made two quick attempts above the $0.30 mark, riding the wave of hype around potential Hedera-based ETFs. But that rally fizzled out fast. Worries started creeping in about whether those ETFs would get approved, and then U.S. politics tossed a wrench into the mix. Trump floated a global tariff proposal, and markets—crypto included—weren’t thrilled.
Hedera’s Big Bet: Can ETFs Push It to $1.10?
Despite the pullback, HBAR’s monthly chart still looks solid—up over 46% thanks to a surge in institutional interest. The real buzz? Two ETF filings that could blow open new demand channels for Hedera. One of those applications, submitted to the SEC by Canary Capital, already made it onto NASDAQ’s desk. It’s under review now, with the public comment window ticking.
That optimism is leaking into price predictions. Analysts are floating the idea that if support holds and momentum returns, we might see HBAR aim for a breakout toward $1.10. For now, technicals show HBAR consolidating inside a symmetrical triangle—bullish pattern, historically. Key level to watch? Around $0.155. If that floor stays intact, next resistance shows up near $0.517.
Real Adoption Adds Weight to HBAR’s Case
Outside of price charts, Hedera’s been building. Last June, the Australian government began testing a Central Bank Digital Currency (CBDC) on Hedera’s network under Project Acacia. The initiative also involves other big players like the UAE. It’s helping cement Hedera as a serious contender for enterprise-grade blockchain infrastructure.
This kind of adoption gives HBAR real-world legs, even if short-term price swings are ugly. And technically, HBAR might be nearing a bounce. The Stochastic RSI is sitting deep in oversold territory—usually a sign a reversal’s somewhere in the cards.
Still, not everything screams bullish. The Chaikin Money Flow (CMF) is printing negative, showing a lack of big-money buying for now. That doesn’t mean whales won’t jump in—but for the moment, they’re keeping their distance.
