Will HBAR Break Through $0.24 or Keep Playing Peek-a-Boo with Resistance?

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Markets

What to know:

  • The token swung between $0.23 support and $0.24 resistance in heavy trading, with volume surging to 156.1 million.
  • Grayscale submitted paperwork to convert its Hedera HBAR Trust into an ETF, with the SEC decision deadline set for Nov. 12.
  • A close above $0.24 could unlock a 25% rally toward $0.25, but strong selling pressure is holding back gains.

Ah, Hedera’s HBAR token, always keeping us on the edge of our seats. Between September 10 and 11, it decided to have a bit of fun, swinging in a 5% range between $0.23 and $0.24. Not too much, not too little-just enough to make you question whether you’re having a déjà vu or if the market is truly this volatile. The token started the session dipping to the $0.23 support level, then-surprise!-it rebounded as institutional money flooded in, bringing HBAR back to its familiar $0.24 ceiling.

But don’t get too comfortable. HBAR’s resistance at $0.24 proved too strong, causing it to be rejected once again. In other words, $0.23 is still the hero of support, and $0.24 is the villain, making sure we can’t move forward too easily. Analysts are quietly whispering that if the token closes above $0.24, we might see a 25% rally toward $0.25-like a miracle happening. But until then, HBAR seems content hanging out in the $0.21-$0.23 range, unable to make a real escape.

Then, as if that wasn’t enough drama, enter the regulatory plot twist: Grayscale decided to file with the SEC to convert its Hedera HBAR Trust into an exchange-traded fund (ETF). Of course, the SEC is taking its sweet time, with a decision coming on November 12. But let’s not forget that regulatory approval could be the push HBAR needs to break free from its technical shackles.

And now, here we are-HBAR caught between the irresistible force of institutional interest and the immovable object of resistance. The SEC’s decision could provide that spark to finally break through, but will it? Or will HBAR continue its back-and-forth dance at the $0.24 level? Only time will tell.

14-14:13 shows $0.0072 range between $0.24 levels.

  • Sharp reversal at $0.24 resistance on 2.28 million volume spike creates rejection pattern.

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    2025-09-11 20:21