• Hedera (HBAR) drops nearly 19% amid ETF uncertainty and global macro volatility, retreating to $0.22.
• ETF optimism grows, with NASDAQ filing a Hedera Spot ETF; SEC review and public comments are underway.
• CBDC testing in Australia and the UAE strengthens Hedera’s long-term utility and institutional credibility.

Hedera (HBAR), the native token of the Distributed Ledger Technology (DLT) network Hedera Hashgraph, has decreased by 19% over the past seven days, retreating to $0.22 as broader crypto market uncertainty took its toll on altcoins.

The correction follows a strong summer rally in June, during which HBAR briefly surpassed $0.30 twice, amid excitement over Hedera-based exchange-traded funds (ETFs).

However, that positive momentum was slowed by investor uncertainty regarding the potential approval of those ETFs and by macroeconomic volatility sparked by U.S. President Donald Trump’s proposal for broad global tariffs, which has rattled digital asset markets.

Hedera (HBAR) Eyes $1.10 as ETF Hopes Strengthen

Despite the recent decline, HBAR’s monthly performance remains strong, gaining over 46% due to increasing institutional demand. Much of this optimism stems from two upcoming ETF applications, which could open new liquidity channels for Hedera if approved.

Importantly, NASDAQ has already submitted the Hedera Spot ETF application, filed by Canary Capital, to the United States Securities and Exchange Commission (SEC). The SEC is reviewing the application, with a 21-day public commenting period currently underway, after which a decision will be made.

The ETF news has rekindled medium-term bullish sentiment for HBAR, with some analysts eyeing a potential breakout to $1.10, provided key levels hold.

Chart analysis by CryptoWinkle indicates that HBAR is currently consolidating within an upside-biased symmetrical triangle, a technical pattern historically known to precede strong upward moves.

The key support level remains at $0.155; sustained trading above this base may lead to a test of resistance at $0.517, potentially opening the door to a move toward $1.10.

Also Read | HBAR Price Dips Below $0.26 Amid Futures Slowdown, Is a Reversal in Sight?

HBAR Oversold, CBDC Adoption Fuels Bullish Case

Supporting the bull case yet further is real-world adoption. Last June, the Australian government started testing a Central Bank Digital Currency (CBDC) on the Hedera network as part of a collaboration with Project Acacia.

The project, also including other cutting-edge jurisdictions like the United Arab Emirates (UAE), bolsters Hedera as one of the premier blockchain infrastructures supporting enterprise-scale applications.

This real-world utility has added credibility to Hedera’s long-term prospects, even as short-term price action remains volatile.

Technically, HBAR may be at or around an eventual bounce. The Stochastic Relative Strength Index (StochRSI), the momentum side of the standard RSI, indicates the token as being severely oversold, and as such, an eventual reversal may be imminent.

That being said, the Chaikin Money Flow (CMF) remains negative and does indicate a lack of aggressive whale accumulation at this moment.

Also Read | HBAR Forms Bullish Double Bottom, Eyes Breakout Above $0.30