Key takeaways
- Hedera’s HBAR rose about 1% and is trading above $0.22.
- The token could climb further as Grayscale files for a spot HBAR ETF with the SEC.
Grayscale files point to a potential HBAR ETF
The crypto market has shown optimism in recent days, with Bitcoin climbing toward $113,000 and Hyperliquid’s HYPE reaching a new all-time high. Hedera’s HBAR has kept pace, gaining more than 3% over the past seven days.
HBAR’s upside momentum comes amid mounting speculation about new ETFs. Digital asset manager Grayscale filed S-3 registration statements covering exchange-traded funds tied to Bitcoin Cash and Hedera (HBAR). If approved, these funds would join Grayscale’s existing suite of crypto ETFs, which already includes spot Bitcoin and Ether products launched last year.
Hedera has emerged as a major blockchain in the crypto ecosystem, increasingly recognized as a hub for real-world asset (RWA) projects. HBAR ranks as the 18th-largest cryptocurrency by market capitalization, approaching a market cap near $10 billion. Approval of a spot HBAR ETF could drive significant inflows and potentially push the token to record highs for the first time in four years.
HBAR eyes $0.27 as technicals strengthen
The 4-hour HBAR/USD chart looks bullish as market-wide strength continues. Technical indicators point to growing upside potential and suggest HBAR may be preparing for a breakout.
An RSI around 63 signals bullish momentum, while MACD lines are converging into positive territory. If the uptrend persists, HBAR could first challenge resistance near $0.245 before attempting to retake the August high around $0.27.
On the downside, failure to sustain buying pressure could drag HBAR back toward the $0.22 low, and a deeper pullback might test weekend support near $0.21046. Nevertheless, the market bias remains optimistic, and HBAR could reach new highs over the coming days and weeks.