Hedera Hashgraph’s native token HBAR rose 3.37 percent on Wednesday, reaching $0.1821 and reclaiming key support levels. This marks the token’s highest value in nearly a month, supported by increasing investor confidence around a potential ETF approval and ongoing testing by SWIFT.
The cryptocurrency market showed increased momentum throughout its sectors because traders were optimistic about declining international tensions. U.S. President Donald Trump’s more lenient position toward Chinese trade relations produced positive market sentiment, elevating the Fear & Greed Index toward greed.
After breaking out from a falling wedge pattern, HBAR started showing an upward trend as confidence in its prospects started to boost. Market analyst Carl Moon labeled this structural development as bullish in his assessment of HBAR, which potentially targeted increased resistance zones.
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Source: Carl Moon
ETF Speculation and SWIFT Trial Draw Institutional Attention
Fueling the rally was speculation surrounding a proposed HBAR-focused exchange-traded fund. Nasdaq and Grayscale have filed for the ETF, increasing expectations of regulatory approval.
Analysts suggest that an approved ETF could bring strong institutional inflows, similar to movements seen in other crypto assets after similar filings.
Hedera functions concurrently with SWIFT through a testing program to research blockchain-backed solutions that enable immediate cross-border payment operations. Success in this initiative could help Hedera achieve a market share of global financial transfers estimated at more than $150 trillion.
The current market interest caused daily trading volume to increase by more than 70 percent, reaching $298.54 million. The HBAR token showed a renewed market drive following weeks of downtrend caused by geopolitical factors and negative market sentiment.
Conclusion
HBAR’s 3.37 percent surge reflects growing optimism around upcoming developments. With ETF anticipation building and real-world utility being tested, the token remains at the center of increased investor focus.
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