Is HBAR the Next Crypto to Moon on ETF News?

• HBAR trades at $0.2417 with 1.2% daily gains; technical patterns suggest a potential move to $0.50. 

• BlackRock ETF speculation drives institutional interest, and Bloomberg analysts estimate 90% approval odds. 

• Futures data shows strong bullish positioning with long accounts dominating at 61.69% on Binance.

HBAR token demonstrates resilience amid market turbulence, trading at $0.2417 with a 1.2% gain over the past 24 hours. The cryptocurrency maintains strength above the crucial $0.23 support level, defying broader market volatility that has pressured other digital assets.

Market analysts point to emerging technical patterns and institutional speculation as key drivers behind HBAR’s recent performance. The token’s ability to hold above key support zones signals underlying strength that could propel further gains.

Technical Analysis Points to Continued Upside

Chart analysis reveals a cup-and-handle formation on HBAR’s daily timeframe, a pattern typically associated with bullish continuation. The token successfully defended the $0.2289 support level during recent testing phases.

Technical indicators align to support the bullish narrative. The Parabolic SAR indicator positions below the current price action, confirming buyer control. Meanwhile, the MACD indicator shows narrowing bearish divergence, suggesting momentum may shift toward the bulls soon.

HBAR/USDT 1-Day Chart (Source: TradingView)

A breakout above $0.2927 resistance could increase the next leg toward $0.40. Should accumulation continue at current levels, HBAR may target $0.50, representing a potential 118% increase from present values.

The confluence of technical factors creates a favorable environment for sustained recovery. Price action demonstrates accumulation characteristics that often precede significant moves higher.

BlackRock ETF Rumors Drive Institutional Interest

Speculation surrounding a potential BlackRock HBAR exchange-traded fund has generated considerable market buzz. While no official filing exists, the rumors have sparked discussions about increased institutional adoption.

Bloomberg analyst James Seyffart estimates a 90% probability for spot HBAR ETF approval, amplifying investor optimism. Such a development would provide traditional investors greater access to HBAR exposure while enhancing overall market liquidity.

Historical precedent shows ETF speculation often catalyzes significant price rallies in digital assets. The combination of institutional interest and retail enthusiasm creates powerful momentum for sustained growth.

Derivatives data from CoinGlass supports the bullish sentiment. Binance futures positioning shows long accounts dominating at 61.69% versus 38.31% shorts, producing a 1.61 long-to-short ratio.

HBAR Long/Short Ratio (Source: CoinGlass)

Current market conditions suggest HBAR’s $0.50 target remains achievable. The technical setup, supported by favorable indicator readings, provides a solid foundation for continued gains.

ETF speculation adds an external catalyst that could accelerate price appreciation beyond technical projections. Strong derivatives positioning further reinforces the bullish case.

Risk factors include potential support breakdown below $0.2289, which could invalidate the bullish structure. However, the overall technical and fundamental picture supports HBAR’s path toward higher price levels.