The HBAR market is gaining momentum with ETF submissions from Grayscale and Canary. Approval could alter market dynamics significantly.
Changes in the HBAR Market
Bloomberg data shows that Grayscale and Canary have filed for a spot HBAR ETF, with the SEC setting a deadline of November 11, 2025. Approval odds are at 90%, positioning HBAR alongside tokens like XRP and Cardano. This shifts the outlook for HBAR from speculative to more institutional-grade.
Current Price Trends of HBAR
The daily chart indicates that HBAR's price has been declining since late July, currently resting at 0.217 amid bearish momentum. Immediate resistance is seen at 0.23, while support levels lie around 0.20 and 0.18. A breach below 0.20 may result in further declines, while maintaining above 0.21 allows for potential base-building.
Future of HBAR upon ETF Approval
If the ETF is approved in November, HBAR's price could quickly rise to new heights, potentially reaching July highs of around 0.28 or higher. Conversely, a rejection could see prices revert back to the 0.15 to 0.18 range. The observed volatility suggests a significant price move is imminent.
As November approaches, the HBAR market is in an accumulation phase, and the SEC's final decision could dramatically shift the current price dynamics.
