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- Spot HBAR ETF decision due November 11, with 90% approval odds.
- HBAR price testing $0.235 resistance; breakout could target $0.30.
- Bullish indicators and strong long positions signal rising market optimism.
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Hedera’s native token HBAR is drawing strong bullish sentiment as optimism surges over a newly filed spot HBAR ETF by Grayscale and Canary Capital. The development has reignited investor interest, lifting prices and fueling speculation of a major breakout ahead of the U.S. SEC’s decision in November.
ETF Filing Sparks Investor Optimism
A recent X post by a prominent crypto analyst revealed that the U.S. Securities and Exchange Commission (SEC) will deliver its decision on the proposed spot HBAR ETF on November 11. The analyst noted that the approval odds have climbed to nearly 90%, marking a major turning point for Hedera’s market outlook.
Bloomberg Terminal confirms that Grayscale & Canary have filed for spot HBAR ETFs.
— Mark.eth🥷 (@MarkETHreal) September 9, 2025
SEC decision set for Nov 11, with approval odds near 90%.$HBAR now joins XRP, ADA, and DOT in the ETF spotlight and if approved, it could shift from a speculative play to a true… pic.twitter.com/ufy8MdoFbW
This news has driven renewed buying interest, with HBAR rebounding sharply over the past 24 hours. According to CoinMarketCap data, the token climbed to $0.235, gaining 2.3% at press time.
Technical Indicators Point to Breakout Potential
From a technical perspective, AMBCrypto’s analysis highlighted that HBAR is breaching a descending triangle pattern on the four-hour chart. While the price has crossed the upper trendline, a daily close above the key $0.235 resistance would confirm the breakout.
If confirmed, analysts expect a 25% rally toward the $0.30 level, a critical psychological barrier. Supporting this outlook, the Supertrend indicator has flipped bullish (green) and now sits below the price — signaling strengthening buyer control.
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Meanwhile, the Average Directional Index (ADX) has risen to 27, above the threshold of 25, indicating growing market momentum and a potential shift to a strong uptrend.
Also Read: Wyoming Chooses Hedera for First U.S. State Stablecoin—Big Win for HBAR
Traders Align With Expert’s $2 Price Target
The bullish tone has encouraged bold forecasts, with some experts predicting that HBAR could eventually surge toward $2 in a broader bull cycle. Data from CoinGlass shows the Binance HBAR/USDT long-to-short ratio at 1.62, meaning 61.81% of traders are going long versus 38.19% short, underscoring the prevailing optimism.
$2 $HBAR this year
— Gilmore Estates (@Gilmore_Estates) September 9, 2025
Yes or no ? pic.twitter.com/O5zvPAezN6
With ETF anticipation building and technical indicators turning positive, Hedera’s HBAR may be on the cusp of a significant rally. A confirmed breakout above $0.235 could open the path to $0.30 and beyond, especially as bullish sentiment strengthens ahead of the SEC’s November decision.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
