• Hedera gains momentum as NASDAQ files a 19b-4 proposal with the SEC to list the Grayscale Hedera ETF.
• HBAR price jumps 7.19%, aiming for a breakout above $0.29 to target the $0.40 resistance zone.
• Technical indicators highlight neutral momentum, with EMAs and RSI signaling potential for a bullish reversal.

Hedera Hashgraph (HBAR) is seeing notable market activity. At the time of writing, Hedera is trading at $0.2489 with a 24-hour trading volume of $740.58 million and a market cap of $8.90 billion. The token has increased by 7.19% over the past 24 hours, signaling growing interest from investors.

NASDAQ Submits Grayscale Hedera ETF Proposal to SEC

Prominent crypto analyst Gilmore Estates highlighted that Nasdaq filed a 19b-4 filing with the SEC to list and trade the Grayscale Hedera ETF (HBAR). While approval is still pending, the filing shows progress toward making HBAR more accessible to mainstream investors. If approved, the ETF could attract more attention and potentially drive further growth for Hedera Hashgraph in the near future.

HBAR Price Action Signals Momentum

From a technical perspective, HBAR is currently navigating its 20-day, 50-day, 100-day, and 200-day EMAs, which continue to act as dynamic support and resistance levels. The RSI (14) sits at 51.10, reflecting neutral momentum, while the MACD indicates the market is at a turning point, with potential for either extended consolidation or a mild upward move, depending on price action.

Historically, the asset has shown strong rallies followed by cooling-off periods, and the current pullback may fit into that pattern. Key levels to monitor are support at $0.2361 and resistance at $0.29; a breakout above this level could pave the way toward its next resistance zone around $0.40.

Also Read | Hedera (HBAR) Price Analysis: Eyes on $0.249 for Potential Breakout to $0.40

HBAR Derivatives Data Shows Strong Build-Up in Positions

According to the data from Coinglass, the trading volume surged 95.10% to $707.16 million, showing renewed investor engagement. Open interest also advanced 9.86% to $416.35 million, suggesting investors are steadily building positions in anticipation of a possible move.

Additionally, the OI Weighted funding rate stands at 0.0108%, reflecting balanced speculative positioning with moderate leverage in play. This stability suggests the market isn’t overly exposed to liquidation risks, leaving room for a healthier, more sustainable trend development if buying pressure continues.

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