Is HBAR Price Swinging By $0.40?
The stagnant trading volumes on Spot markets are well mirrored by the on-chain signals on the price of HBAR. For one, the 50 shades of red on Hedera's Moving Average Convergence Divergence (MACD) meter suggests that bulls are nowhere near control of the current HBAR price movement.
Conversely, the crypto bear presence on Hedera is still going strong. Trading at $0.1666, the popular Distributed Ledger Technology (DLT) based altcoin trembled below the middle Bollinger Band (BOLL). Additionally, the red-label band at $0.20, depicted in the graphic below, shows us where the price trend can flip back to bullish.
HBAR Price Targets $0.40 As SEC’s Big Decision Looms.
“Hedera’s crypto community, popularly referred to as HBARians, are closely watching the legal developments in Canary Capital’s bid for the inaugural Hedera ETF.”
“Intriguingly, the United States Securities and Exchange Commission (SEC) is slated to make a decision on the matter by June 11, 2025.”
Stay tuned for updates.
