Hedera Hashgraph’s native cryptocurrency, HBAR, is experiencing a notable upward trend amid a positive shift in the broader altcoin market. This surge follows significant news from the United States Securities and Exchange Commission (SEC), which recently approved a new framework for generic exchange-traded funds (ETFs). This decision is considered a watershed moment for the cryptocurrency industry, potentially opening doors for various altcoin ETFs.
The new regulations allow for the potential launch of singular altcoin ETFs, as well as mixed baskets that include other digital assets alongside established cryptocurrencies like Bitcoin. For HBAR, this is particularly timely, given that two ETF submissions are currently pending, one of which is from Canary Capital. This proposal has already passed several key milestones with NASDAQ, which is enthusiastic about tracking Hedera’s native coin price on its platform. Additionally, the Depository Trust & Clearing Corporation (DTCC) included HBAR in its register earlier this month, further legitimizing its potential for inclusion in the ETF marketplace. Analysts from Bloomberg have indicated a favorable outlook, estimating a 90% chance of approval for an HBAR ETF by November 2025.
Market analysts are optimistic about HBAR’s trajectory, citing targets beyond the $1 mark. The upcoming Grayscale ETF decision is also set for November 2025, adding to the bullish sentiment for HBAR. Historical market data suggests that hitting a new all-time high of over $0.56 should be the first objective. According to Chart Nerd, the support level at the 0.382 Fibonacci Retracement around $0.22 has solidly confirmed a bullish flag pattern. This bullish flag formed in early 2025, characterized by HBAR’s price consolidating within a falling wedge between $0.40 and $0.16.
The momentum is now building toward ambitious targets, with projections indicating a potential rise to $1.20 and even $1.80, closely aligned with Fibonacci extensions at levels 1.272 and 1.414.
Investors have questions regarding the recent developments. Notably, the approval of the ETF and HBAR’s price rally can be attributed to the enhanced confidence in the asset’s value, as suggested by Bloomberg analysts and the support from the DTCC. Chart Nerd’s data exhibits a favorable bounce at the Fibonacci support block, bolstering the bullish outlook.
However, caution is advised. Although the current indicators appear promising, the cryptocurrency market remains highly volatile. Investors are encouraged to monitor HBAR’s latest price movements—currently hovering around $0.24—and await further confirmation of ETF approval before making investment decisions.
