Hedera Eyes $1.80 Target as ETF Filings Spark Fresh Institutional Momentum
Summary
Hedera (HBAR) is showing strong bullish momentum, with analysts projecting a potential rally toward $1.80 based on its long-term Elliott Wave structure, which suggests a transition into a strong impulse wave following a corrective phase. The asset is consolidating between $0.16 and $0.20, maintaining higher lows, which supports the long-term bullish framework. Confirmation of this upward trend hinges on breaking mid-channel resistance between $0.38 and $0.50. Furthermore, institutional interest has surged following reports that HBAR was named in six U.S. ETF filings by issuers like Grayscale and KraneShares, indicating growing acceptance in regulated markets. Analysts estimate a high probability of at least one HBAR-linked ETF approval by Q4 2025, which could significantly increase liquidity. In the short term, HBAR traded near $0.17 with increased volume, reinforcing its market position as it moves toward the $0.20 resistance zone.
(Source:Brave New Coin)