- Hedera (HBar) falls almost 19% in the midst of ETF indeed and global macro -volatility, which receding to $ 0.22.
- ETF optimism is growing, where Nasdaq submits a Hedera spot ETF; SEC -Assessment and public comments are underway.
- CBDC tests in Australia and the VAE strengthens Hedera’s long-term use and institutional credibility.
Hedera (Hbar), the native token of the Distributed Ledger Technology (DLT) Network Hedera Hashgraph, has fallen by 19% in the last seven days, which withdraws to $ 0.22 as the wider uncertainty of the crypto market took its toll on Altcoins.
The correction follows a strong summer rally in June, with HBAR briefly surpassing $ 0.30 twice, amid excitement about based stock market -based funds (ETFs).
However, that positive momentum was delayed by investment uncertainty with regard to the possible approval of those ETFs and fueled by macro -economic volatility by the proposal from US President Donald Trump for broad global rates, which digital assets markets rattled.
Hedera (hbar) eyes $ 1.10 while ETF hopes
Despite the recent decline, the monthly performance of HBAR remains strong and win more than 46% because of the increasing institutional demand. Much of this optimism stems from two upcoming ETF applications, which can open new liquidity channels for Hedera if they are approved.
It is important that Nasdaq has already submitted the Hedera Spot ETF application, submitted By Canary Capital, on the United States Securities and Exchange Commission (SEC). The SEC investigates the application, with a 21-day public comment period that is currently underway, after which a decision will be made.
The ETF news has again fueled a bullish sentiment in the medium term for HBAR, with some analysts looking at a potential outbreak at $ 1.10, if important levels hold.
Graphic analysis Cryptowinkle indicates that HBBer is currently consolidating within a above symmetrical triangle, a technical pattern that is historically known that prior to strong upward movements precedes.
The most important level of support remains at $ 0.155; Persistent trade above this basis can lead to a resistance test at $ 0.517, which means that the door may be opened for a movement to $ 1.10.
Read also | HBar price drops below $ 0.26 in the middle of futures delay, is a reversal in sight?
HBAR Overold, CBDC Adoption feeds Bullish Case
Supporting the bull shop, but otherwise is the acceptance of a real world. Last June the Australian government started a central bank Digital Currency (CBDC) on the Hedera network as part of a collaboration with Project Acacia.
The project, including other advanced jurisdictions such as the United Arab Emirates (VAE), Bolsters Hedera as one of the most important blockchain infrastructures to support applications on a business scale.
This utility for the real world has added credibility to the long -term perspectives of Hedera, even if a price promotion remains volatile in the short term.
Technically, HBar can be on or around a final leap. The stochastic relative strength index (Stochrsi), the momentum side of the standard RSI, indicates that the token is seriously sold over, and as such a final reversal can be on the hands.
That said, the Chaikin Money Flow (CMF) remains negative and indicates a lack of aggressive whale accumulation at the moment.
Read also | Hbar forms a bullish double bottom, eyes outbreak above $ 0.30
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