Crypto Hbar's Potential Price Surge: Examining the Impact of ETF Anticipation and Key Resistance Levels
The Hedera Hashgraph network's native token, pricecharting, is currently trading around $0.147 as of June 19, 2025. Over the past week, the cryptocurrency has experienced a dip of roughly 13%, with a 24-hour trading volume of approximately $119 million.
The chart shows a bearish pattern, with lower highs and lows, indicating a potential downtrend. However, the 4-hour chart is starting to show light bullish pressure, backed by a positive Balance of Power and a tentative MACD crossover.
Despite the etf hype surrounding HBAR, other altcoins, like Pi Network, have outperformed it, highlighting the competitive nature of the market. This could be a reflection of the diverse and dynamic crypto landscape.
The SEC's decision on the Canary HBAR etf, which was filed by Nasdaq, has been delayed until June. This delay introduces uncertainty, which could dampen investor enthusiasm. However, if approved, the etf filings by Grayscale and Canary Capital could drive a breakout, potentially targeting $0.193-$0.60.
Support for the HBAR crypto price is at $0.182, and the key resistance levels are $0.193 and $0.20. Breaking these could signal a rally. Analysts predict HBAR's price could rise, with estimates ranging from $0.60 to as high as $2.25.
From a technical perspective, HBAR is consolidating with no clear trend direction. The cryptocurrency is currently testing a key resistance level, but it hasn't closed above it yet.
Many investors are hopeful that the Canary HBAR etf could increase HBAR's price. The U.S. Securities and Exchange Commission (SEC) decision regarding the Canary HBAR etf has not been specified in the available information, and no exact expected timing for this decision has been mentioned in the current sources.
In the long term, analysts generally value the HBAR token around $0.24 to $0.32 in 2025, with many forecasting a price range between $0.28 and $0.75 by the end of the year. This reflects cautious optimism based on Hedera's technological growth and adoption.
In conclusion, while the current trend for HBAR appears bearish, the potential approval of the Canary HBAR etf and the positive technical indicators on the 4-hour chart suggest a possible rally could be on the horizon. However, the uncertainty surrounding the SEC's decision and the competitive crypto market should be considered by potential investors.
