HBAR price has formed a bullish falling wedge pattern, buoyed by the DTCC ETF listing and Archax Pool Tokens launch.
Summary
- HBAR price has reclaimed the breakdown zone, invalidating the previous bearish technical setup.
- The price has now formed a falling wedge and broke above the upper resistance, with the 20-day SMA now acting as support, suggesting further upside potential.
Hedera (HBAR) price has recently crashed to $0.21, playing out a descending triangle breakdown, as previously predicted by crypto.news.
However, buyers quickly stepped in at that level, and after several days of consolidation below the triangle’s lower trendline, HBAR price has reclaimed the breakdown zone, effectively invalidating the bearish setup. Meanwhile, the formation has now flipped into what looks like a falling wedge — typically a bullish continuation pattern — and recent price action confirms a clean breakout above the upper wedge resistance.
The 20-day SMA, which previously acted as dynamic resistance, has now flipped into support, coinciding with a horizontal demand zone and creating strong confluence. This level may contain the next pullback. However, the RSI suggests HBAR price still has room to climb, potentially reaching the previous swing high resistance at $0.26 before hitting overbought levels.
What’s driving HBAR price?
HBAR was recently added to the DTCC’s National Securities Clearing Corporation list as a potential spot ETF under Canary Capital, alongside Solana and XRP. While SEC approval is still pending—expected in November for HBAR—analysts estimate a 90% chance of approval.
In addition, Archax, a UK-regulated digital asset exchange and custodian, has launched “Pool Tokens” on Hedera, allowing users to create multi-asset on-chain portfolios with a single token. The feature enables investors to diversify across tokenized assets, transfer entire portfolios, and even use them as collateral—all while maintaining institutional-grade security and regulatory compliance.
