Hedera (HBAR) is gaining momentum as “ETF season” heats up and technical patterns align for a possible upward transfer.

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After bouncing from a September low close to $0.205, HBAR has fashioned constructive patterns, an Elliott Wave advance, a double backside, and a 10-week descending wedge, that collectively recommend a bullish flip.

With a ultimate resolution on a proposed HBAR spot ETF anticipated in November, merchants are questioning if a transparent break above $0.23–$0.24 might result in the $0.30 degree.

ETF Season Places HBAR within the Highlight

Macro tailwinds are strengthening, with the SEC anticipated to make choices on quite a few crypto ETF functions in October–November. Analysts consider that present itemizing requirements enhance the probabilities of approval.

Hedera, which has been underneath assessment for a spot ETF since 2024, may gain advantage from a rise in approvals that might broaden U.S. investor entry.

Moreover, Hedera’s repute within the enterprise sector, ruled by respected council members and concerned in real-world finance initiatives like SWIFT panels and public-sector pilots, helps constructive sentiment and retains HBAR related as establishments search scalable, low-cost settlement options.

Elliott Wave & Wedge Patterns Flag Upside Continuation

On the each day chart, HBAR accomplished a double backside at roughly $0.205 (on September 5 and 26), with a neckline round $0.255.

Value motion has since contracted right into a falling wedge lasting over 10 weeks, typically an indication of upcoming breakouts, whereas analysts view the transfer as Wave 2 inside an Elliott Wave cycle that began with a 140% surge from late June to late July.

A shift into Wave 3, usually the longest and most impulsive section, would convey the year-to-date excessive of about $0.3065 into focus, with potential to problem final November’s peak of round $0.40 if momentum broadens.

Market internals are additionally bettering, with a rising Chaikin Cash Stream indicating regular web inflows. A transfer above $0.242–$0.248 might set off roughly $32 million briefly liquidations, fueling any upside breakout.

HBAR's worth developments upside on the each day chart. Supply: HBARUSD on Tradingview

Hedera Key Ranges to Watch: $0.22 Assist, $0.30 Resistance, and $0.40 Goal

The near-term construction stays tight. Merchants want a transparent shut above $0.230–$0.242 to verify a wedge breakout; reaching $0.248 might set off compelled quick exits, boosting good points.

Breaking above $0.30 would affirm the inverse head-and-shoulders sample and assist the Elliott Wave projection towards $0.3065, then $0.35–$0.40 as market breadth improves.

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On the draw back, $0.205 serves as the primary invalidation degree. A each day shut under the double-bottom would diminish the bullish momentum and will result in a drop in direction of $0.198. Till then, constructive ETF headlines and powerful flows recommend that the Upside bias in October stays intact.

Cowl picture from ChatGPT, HBARUSD chart on Tradingview