Key Highlights:
- $16.8M in HBAR moved on-chain as market eyes July 7 ETF decision.
- Kevin O’Leary backs HBAR, citing compliance and tokenization readiness.
- Analysts see $3.20 target as breakout nears from bullish ascending triangle.
Bitcoin climbed 1.19% in the past 24 hours, hitting $109,619. A mix of institutional ETF inflows, safe-haven demand, and strong technical momentum fuels its rally. Altcoins have followed suit, reflecting growing confidence among investors and traders across global exchanges.
Hedera Hashgraph’s native token HBAR posted a 10% gain in the last day. This pushed its price to $0.157 at the time of writing. Trading volume surged by 107% to reach $375.91 Million.
On the other hand, open interest rose 9.52% to $225.04 Million, signaling a sharp increase in speculative activity. A single transfer of 107 million HBAR (valued at $16.8 Million) was recorded on-chain. This fueled speculation around accumulation and institutional preparation.
Kevin O’Leary Endorses HBAR’s Institutional Strength
Investor and entrepreneur Kevin O’Leary has described HBAR as one of the most underrated cryptocurrencies in today’s market. He pointed to Hedera’s core focus on enterprise solutions, tokenized assets, and compliance infrastructure as key reasons for his confidence.
In contrast to meme-driven or speculative altcoins, Hedera has focused on building institutional-grade use cases. O’Leary’s endorsement came as discussions around altcoin ETFs continue to gain momentum.
He noted that HBAR is not a gamble but a long-term bet on regulated digital asset infrastructure. Hedera is built to enable tokenized real-world assets with stable governance structures. It offers fast and affordable transactions tailored for governments and enterprises.
ETF Deadline and SEC Policy Shift May Trigger Institutional Inflows
July 7 is the deadline by which the SEC will review the proposed Hedera Hashgraph ETF. It will be a critical moment in the crypto industry. In case of approval, the ETF might pave the way to wider regulated access to HBAR in the U.S. financial environment.
To further the good news, SEC Chair Paul Atkins has affirmed that the agency has changed its approach to crypto. Atkins told CNBC that the SEC no longer uses the regulation approach through enforcement.
It is now accepting tokenization as a good innovation. He is concerned with clarity and stability, which provides developers and investors with a strong base to create new products.
This change of regulatory tone comes after years of tension with the former leadership. The agency under Atkins seeks to give more transparent guidelines, particularly in blockchain ecosystems that deal with tokenised real-world finance.
With the SEC indicating a crypto policy change, the timing of the HBAR ETF review is even more critical.
Analysts believe a positive ruling would lead to substantial capital inflows, particularly by ETF-oriented funds and regulated asset managers. This could be why $16.8 million worth of HBAR was moved suddenly earlier this week.
HBAR Aims for $3.20 as Bullish Patterns Signal Imminent Breakout
Technical analysts are increasingly bullish on the HBAR price structure. According to EGRAG CRYPTO, the asset forms a long-term ascending triangle, a bullish pattern with a 60–70% breakout probability.
His analysis places a conservative target at $3.20, based on historical Fibonacci projections and measured moves.
HBAR appears to be forming five consolidation waves, as EGRAG’s chart highlights. The current price movement might set the stage for Wave 4 to break through resistance.
The macro support line, labeled the “Biggest Bear Trap,” appears intact. This offers a strong technical base for a breakout, with timing aligned toward the end of Q3 2025.
Meanwhile, the daily chart from TradingView confirms the strength of current support levels. A clear double-bottom has formed at $0.131–$0.139, with the price rebounding and pressing against Ichimoku cloud resistance at $0.172.
The RSI sits at 51.82, while the MACD momentum has flipped positive. Both are bullish indicators suggesting further upside.
In derivatives markets, bullish bias dominates. Binance’s long/short ratio stands at 2.0111, with top traders pushing as high as 2.3058.
OKX reports a ratio of 1.41, reflecting optimism across platforms. Liquidations tell the same story. $432K in short positions were wiped out in 24 hours, while long liquidations remained minimal.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
