Hedera’s native crypto dips hard: is the exchange-traded fund delay keeping HBAR at steal levels?
The United States Securities and Exchange Commission (SEC) has recently moved to delay their decision on the Hedera (HBAR) exchange-traded fund (ETF). Issued by Canary Capital, the HBAR ETF product stands a good chance of approval due to the product already being in line with the NASDAQ requirements.
Dates To Keep In Mind For HBAR Connoisseurs
Now, the next date for HBARians to watch is September 9, 2025. However, it bears to note that the SEC is allowed by law to postpone the decision on HBAR ETF as many as four times. With a 80% chance of approval, the decision could be dragged all the way till November 11, 2025.
Crypto traders are waiting for the next big move, with some projecting a $0.60 run for HBAR’s price once it bounces off the major support area. Indeed, the range between $0.11 & $0.16 is the likely candidate for a huge rebound rally if paired with a bullish Relative Strength Index (RSI), whale activity & high trading volume on Spot markets.
Is HBAR Price Still On Discount Amid ETF Delay?
Seasoned trader Merlijn describes the current phase as “building momentum”, highlighting the descending wedge HBAR has been trading in since November, 2024. The last time HBAR’s price tackled such high price levels was over 4 years ago, stopping at $0.569. Then, Hedera’s native crypto encompassed a nearly $7 billion market cap, similarly to current figures.
However, Hedera’s daily trading volumes on Spot markets fail to impress, registering below $200 million on a usual day this month. For a contender to partner with SWIFT, HBAR Network witnesses far less action than main rival Ripple (XRP), trading in billions on a daily basis.
On a brighter note, HBAR’s price could definitely be labeled oversold, or put in simpler terms, ‘under-priced’. Portrayed in the blue & yellow oscillators in the Stochastic Relative Strength Index (StochRSI), the low values between 14 & 10 hint at northward potential for the popular Distributed Ledger Technology (DLT) altcoin.
At publication time, Hedera (HBAR) is priced at $0.15158, bouncing off the low-tier Bollinger Band (BOLL), colored in green. Naturally, a push towards $0.60 for the altcoin is only back in discussion if HBAR breaks through the red-label Bollinger Band of $0.182, but that’s still only halfway to December’s heights, when this DLT-tech altcoin examined $0.40 for a yearly peak.
On The Flipside
Why This Matters
ETF delays don’t mean rejection, but it surely can stall Hedera’s native crypto price growth. On the other hand, the 90% probability of eventual HBAR ETF approval and plausible HBAR x SWIFT integration fuels long-term holder enthusiasm.
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