Key takeout
Hedera’s HBAR has risen by 1%, trading above $0.22.
Coins rise high as grayscale files and can launch Spot HBAR ETF in SEC.
HBAR ETF grayscale file
The Crypto market has been bullish over the past few days, with Bitcoin reaching a $113,000 level, while Hyperliquid’s hype hit an all-time high. Hedera’s HBAR has grown by more than 3% over the past seven days, so it has not been left behind.
HBARs could gather higher amid increasing ETF speculation. Digital Asset Manager Grayscale has filed an S-3 filing of an exchange trading fund linked to Bitcoin Cash and Hedera (HBAR). If approved, the funds will participate in Grayscale’s existing Crypto ETFs, which already include Spot Bitcoin and Ether ETFs launched last year.
Hedera has emerged as one of the main blockchains in the Crypto space and has been established in recent months as a key destination for RWA projects. HBAR Coin is the 18th largest cryptocurrency with a market capitalization of nearly $10 billion. With approval from the HBAR Spot ETF, the coin could potentially record a huge profit that could allow it to set a new all-time high for the first time in four years.
HBAR aims to be $0.27 amid powerful technology
The HBAR/USD 4-hour chart is bullish and efficient thanks to ongoing market gatherings. The technical indicators are strong, suggesting that HBAR may be preparing for a breakout.
The RSI of 63 indicates that the HBAR is bullish and the MACD line is already converging within the positive region. As the bullish trend continued, HBAR was able to achieve its initial major resistance level at $0.245 before attempting to snatch its August high of $0.27.
However, if you can’t build on this momentum, then if your HBAR is $0.22 lower before you retest the weekend support level of $0.21046, you’ll be $0.22 lower. Nevertheless, market trends remain bullish and HBAR could reach new heights in the coming days and weeks.
