Hedera (HBAR) is holding firm within a defined trading range, maintaining critical support as it gears up for a potential breakout. With a strong buy wall cushioning the current price zone and bullish sentiment building, HBAR’s next move could challenge key resistance and mark a significant shift in market direction.

Grayscale ETF Filing Signals Institutional Confidence

Grayscale Investments has submitted an official application to the U.S. SEC for a Hedera Spot ETF, following a similar move by Canary Capital. This marks a pivotal step toward institutional integration, potentially unlocking access for a broader base of investors. Analysts suggest that regulated ETFs could enhance Hedera’s legitimacy in traditional finance circles, reinforcing its status as a long-term investment-grade asset.

Technical Setup: Buy Wall vs. Resistance

A notable accumulation zone has formed just below HBAR’s current price, creating a strong support base. However, bulls face heavy resistance near the $0,31 mark, with three major sell walls stacked above. A clean breakout through this level could clear the path for a surge toward $0,55, particularly if confirmed by volume and follow-through buying.

Bybit, one of the largest global exchanges, continues to serve as a major liquidity hub for HBAR, with its educational platform attracting over a million monthly readers. Growing interest from both institutional and retail investors is adding weight to HBAR’s bullish thesis.

Will Momentum Be Enough?

HBAR’s current setup suggests a tipping point is near. The convergence of strong technical support, rising institutional activity, and an ETF narrative could be the fuel needed to push the asset to new highs. Traders are watching closely as HBAR tests this critical resistance zone—success here could reshape its trajectory for the months ahead.