HBAR is generating buzz with ETF talks and price movements. Will it overcome resistance levels, or is it just hype?
Hedera Hashgraph's HBAR is making waves in the crypto world. With ETF speculation and key resistance levels in play, is this a genuine surge or just fleeting hype?
HBAR's Current Stance
As of June 19, 2025, HBAR trades around $0.147. A 125% volume surge followed Nasdaq's filing for the Canary HBAR ETF. However, HBAR hasn't breached key resistance, leaving investors skeptical.
ETF Buzz: A Potential Game-Changer
The SEC's delay on the Canary Capital Spot HBAR ETF decision hasn't dampened enthusiasm. Approval could draw institutional interest, potentially boosting HBAR's performance. Insiders hint that BlackRock might follow if Canary and Grayscale get the green light.
Resistance Levels: The Hurdles Ahead
HBAR is testing a resistance level aligned with volume and Fibonacci points. Low trading volume hinders breakthroughs. A bearish pattern suggests a possible drop to $0.13 support if resistance holds. A strong breakout with high volume, however, could signal a bullish move. Key resistance levels to watch include $0.193 and $0.20, with the latter potentially unlocking a 50% rally.
Technical Analysis: Coiled Spring or False Start?
Analysts describe HBAR as a “coiled spring.” Some predict a rise to $0.60 or even $2.25, driven by ETF approval, Coinbase futures listing, and new investments. Yet, breaking resistance is crucial for these gains.
Risks and Considerations
Despite potential, HBAR faces risks like resistance levels and regulatory uncertainty. Predictions vary, but monitoring ETF news and breakouts above $0.193 and $0.20 is vital.
Personal Take
The ETF hype is real, but HBAR needs to prove it can sustain momentum beyond the news. Watching those resistance levels like a hawk is key. It feels like HBAR is trying to find its footing. Whether it becomes a main player or remains a side character will depend on whether it can break past these technical barriers and whether the ETF is approved. Time will tell!
So, HBAR's at a crossroads. Keep an eye on those charts and ETF updates. It's gonna be a wild ride!
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
