SEC Postpones Hedera ETF Decision to June 10: HBAR Price Jumps 17.07% in a Week

HBAR has attracted significant market attention after a strong rally lifted the Hedera price by 17.07% last week. The current HBAR price is $0.19358, just below the $0.20 resistance mark. Momentum indicators suggest this upward trend could continue, drawing interest from traders. This price surge occurs despite persistent regulatory questions, adding complexity to recent HBAR news.

The SEC announced its decision to push the evaluation of Canary Capital’s proposed Hedera ETF to June 10. Such delays are common but underscore the cautious regulatory stance on cryptocurrency investment vehicles. This extended review phase presents both challenges and opportunities for Hedera’s token, HBAR, as ETF approval could bring institutional capital and added legitimacy. In the meantime, traders and investors face volatility driven by market momentum and speculative interest.

What Do Momentum Indicators Say About HBAR’s Trend?

Key technical indicators support the recent increase in the HBAR price, pointing to sustained positive sentiment among buyers. The Bollinger Band Trend (BBTrend) has climbed sharply to 6.83, a dramatic rise from 1.5 only two days before. This jump underscores a notable change in volatility and the current trend’s strength. A BBTrend reading over 3 often indicates a clear departure from prior price ranges, so HBAR’s latest figure suggests a solid directional trend is emerging.

Although the BBTrend metric does not specify the trajectory by itself, its pairing with rising prices strongly confirms bullish momentum. This prominent HBAR news enhances its superior performance. As traders anticipate further upward progress, the elevated Bollinger Band Trend reading remains a vital metric for measuring breakout strength or warning about potential reversals.

Does HBAR’s Overbought RSI Signal a Pullback?

Hedera’s RSI has moved into overbought territory, currently at 73.93 compared to 52.49 two days earlier. This rapid increase highlights the intense buying activity powering HBAR’s current rally. RSI values exceeding 70 typically suggest an asset may be due for a short-term price correction, though they can be present during robust bull markets too.

HBAR/USDT H1 Chart – Published on Tradingview, April 26, 2025

For now, HBAR’s high Relative Strength Index raises questions about the Hedera price sustainability, although it does not guarantee a reversal. Historically, this digital currency has sometimes maintained elevated RSI levels for several days before experiencing a retracement. The present trend shows strong demand, but a period of consolidation or decline could occur if momentum weakens or the $0.20 resistance is not broken. Nevertheless, some traders consider this phase healthy within a larger upward cycle.

Will the Hedera Price Break $0.20 Resistance?

The Hedera price is now testing a significant resistance level at $0.20. This price point has been a barrier in recent trading sessions and will likely determine the next phase of the token’s trend. A decisive breakout above it could pave the way toward targets at $0.227 and $0.258. Some forecasts even suggest $0.287 as an ambitious goal if strong momentum continues. The bullish configuration of exponential moving averages (EMAs) gives additional support to this outlook.

On the other hand, downside risk will escalate for the Hedera price if resistance successfully holds and sellers regain control. Immediate support for the HBAR price lies at $0.179. Breaking below this level might trigger further declines. A failure to maintain these support zones could lead to deeper corrections, emphasizing the current price action’s importance for both bulls and bears. For now, the $0.20 level remains the battleground.

What’s Next for HBAR News and the Ecosystem?

As Hedera attracts greater attention, the market navigates a mix of technical enthusiasm and regulatory anticipation. The SEC’s extended evaluation of the Hedera ETF is a significant factor in recent Hedera news, affecting investor sentiment. Approval might bring considerable institutional investment, whereas more delays or a rejection could reduce enthusiasm. The ETF news adds a fundamental aspect to what has primarily been a technically driven rally for HBAR.

BREAKING: SEC Extends Review on $HBAR ETF

The SEC has pushed the decision deadline to June 11, 2025 for the Canary HBAR ETF listing on Nasdaq as a commodity-based trust. pic.twitter.com/6uMKCP1NVE

— Gilmore Estates (@Gilmore_Estates) April 25, 2025

In the meantime, price action and momentum indicators will likely dictate short-term Hedera price movements. Traders are split between excitement and caution amid the mixed HBAR news. Regardless, HBAR’s recent performance puts the token at the center of attention, indicating a potential turning point for Hedera news and the ecosystem if it sustains gains and secures regulatory approval.

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