• Hedera set for institutional adoption as NASDAQ seeks SEC approval of Grayscale HBAR ETF.
• MACD nears a bullish crossover, while RSI at 52.16 signals neutral momentum and room for upside.
• Bollinger Bands tighten, with strong support at $0.2075 and resistance levels at $0.2958, $0.3227, and $0.4008.

Hedera (HBAR) is trading under sustained pressure and struggling to catch a bullish wave, mirroring the broader market sentiment. The HBAR price over the last 24 hours is down by 1.69%, and over the last week it is also down by 6.23%.

At the time of writing, HBAR is trading at $0.2226 with a 24-hour trading volume of $272.05 million, up by 57.87% over the last 24 hours. The coin has a market capitalization of $9.43 billion, which is slightly down by 1.71%.

The general market trend is turning from a bearish phase to a bullish phase as major crypto coins like Bitcoin and Ethereum are struggling to catch a bullish reversal. The overall market is impacted by this movement, including altcoins like HBAR.

NASDAQ Files to List Grayscale Hedera ETF With SEC

According to the crypto analyst, NASDAQ has officially filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale Hedera ETF ($HBAR). The filing signals NASDAQ’s intent to bring regulated exposure to Hedera through a mainstream investment vehicle. 

While approval is still pending, the process is now in motion, marking a significant milestone for both Grayscale and the Hedera ecosystem.

If approved, the ETF would allow investors to gain exposure to HBAR directly through traditional brokerage accounts, without needing to hold the token themselves. For Hedera, known for its enterprise use cases and high-speed consensus, this could drive greater visibility, liquidity, and institutional adoption.

Also Read: Hedera Price Analysis: HBAR Targets $0.420 After Bullish Rebound

Hedera (HBAR) Shows Potential

Technical indicators are signaling a shift in momentum for HBAR. MACD is almost flashing a bull crossover with the MACD line at 0.00198, approaching the signal line at 0.0152. For the RSI indicator, it is at 52.16 and holding the asset within the neutral region and leaving room for both directions. 

Bollinger Bands are reflecting low volatility with midline support at $0.2075 holding bullishly, and the lower and upper bands at $0.1193 and $0.3227.

Price action shows strong support at the $0.2075 level and suggests bulls are reclaiming control gradually. If the level holds up strong, subsequent price objectives are at $0.2958 and $0.3227, and a long-term resistance level at $0.4008. For the risks on the downside, any break below $0.1914 can open the gates to further losses toward $0.1193.

HBAR Derivatives Signals a Potential Rally

Trading activity has spiked, with volume advancing 61.99% to $509.96 million. Open interest declined 1.61% to $407.73 million, which suggests futures traders are proceeding cautiously despite advancing spot demand.

The 0.0077% OI-weighted funding rate suggests a balanced market of derivatives with no noticeable skew. It seems traders are patiently awaiting a definitive break above or below support or resistance before affirming HBAR’s next trend.

Also Read: Hedera (HBAR) Price Prediction 2025: Will HBAR Break $0.52 Soon?