Hedera (HBAR) Slips 1.6% Daily but ETF Hopes and | Crypto News
Hedera’s HBAR declined about 1.6% for the day to hover close to $0.211, but the general outlook into “Uptober” stays constructive.
Momentum is supported by rising ETF optimism, with new trust and ETF discussions bringing HBAR into the same dialog as large-cap altcoins, along with renewed engagement from SWIFT.
Hedera Makes Global Partnerships
Hedera representatives participated with SWIFT, Citi, and Germany’s Bundesbank on a Sibos panel to focus on digital-currency interoperability, highlighting Hedera’s function in real-world finance.
Meanwhile, Wyoming’s Frontier Stablecoin pilot, which selects HBAR for low-cost, high-speed settlement, continues to validate Hedera’s enterprise-first method.
Under the Hedera Governing Council, that includes corporations like Google and IBM, the community’s worth proposition is clear: high throughput, low charges, and power effectivity through its hashgraph consensus.
These fundamentals, mixed with institutional filings and improved macro narratives for regulated crypto merchandise, keep HBAR on watch lists despite short-term volatility.
Price Action: HBAR Key Levels Into “Uptober”
Technically, HBAR’s construction exhibits a recovery from a two-month low close to $0.21, with the price still coiling inside a descending wedge, a setup that often precedes upside strikes when broader sentiment turns constructive.
Immediate help lies between $0.212 and $0.205; shedding that vary may lead to a slide toward $0.198. On the upside, $0.226–$0.230 stays the first barrier; a clear break above may goal $0.235 and the mid-September highs close to $0.245, with $0.285 as the October stretch stage if shopping for momentum accelerates.
Momentum indicators are combined but stabilizing. RSI has rebounded from oversold (28) into the mid-40s, while Chaikin Money Flow trends larger, suggesting internet inflows.
The near-term warns of a narrowing golden cross between the 50- and 200-day EMAs that may flip into a death cross if bulls fail to defend the help ranges. For swing merchants, the strategy is simple: respect draw back risk below $0.205, but look for affirmation above $0.230 to push toward $0.245–$0.285.
Enterprise Adoption Gains Momentum, With Risks
HBAR’s story is supported by enterprise integrations (funds, identification, and tokenization) and persistently very low charges (<$0.0001), making it interesting for high-frequency settlement.
On-chain, energetic addresses and staking participation have elevated, and sentiment is bullish going into This fall, pushed by ETF hopes and public-sector pilots.
However, dangers stay, including rejection at $0.235, which may lead to continued consolidation; competitors from high-throughput rivals like Solana stays intense; and broader Bitcoin declines may restrict altcoin rallies.
Cover image from ChatGPT, HBARUSD chart from Tradingview
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