HBAR ETF Still Waiting, Will Hedera Bull Run Happen?

Bittime - Canary Capital submit an application for ETF HBAR first to SEC AS. If approved, this could be a big catalyst to increase HBAR prices.

Then, what? Hedera (HBAR) bull run imminent? Read this article to find out!

HBAR ETF, Hedera Bull Run

The application for the HBAR ETF was made on 12 November 2024, Jth approved, this ETF has the potential to bring huge liquidity to the Hedera ecosystem. HBAR ETFs can also attract institutional investors. 

With more capital coming in, HBAR has the opportunity to achieve wider adoption, both in terms of usage and investment, thereby fueling Hedera's bull run.

Read Also: Canary Capital Proposes HBAR ETF, This Is the Impact on Hedera Coin

Hedera Bull Run Prediction If HBAR ETF is Approved

Birdman, crypto analyst predicts that if the HBAR ETF is approved, the price of HBAR could rise significantly in the near future, which could trigger Hedera bull run

Another analyst, gripecoin, even setting a price target $14 for HBAR prices if the HBAR ETF is approved. He also predicted that a massive influx of investment into Hedera could trigger meme coin boom at Hedera network. 

Hedera Bull Run Technical Indicators

At the moment, price HBAR traded in numbers $0,06039, with the highest level in the last trading session of $0,06194. 

Meanwhile, indicators Relative Strength Index (RSI) are in numbers 63,89, which indicates that the market is still dominated by bullish sentiment.

However, the RSI is approaching the level overbought (70), which indicates that a correction is possible before the price resumes the uptrend. 

If HBAR price is able to pass the resistance level at $0,06249, a further rally is likely, and trigger a Hedera bull run.

Read Also: Hedera Hashgraph Becomes Linux Founding Premier Member

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