CryptoPM

$HBAR

Hedera’s 9.31% 24-hour surge is driven by ETF speculation, technical breakouts, and DeFi growth.

ETF optimism fuels bullish sentiment.

Technical breakout above $0.263 triggers momentum buying.

DeFi TVL surges 42% to $215M, boosting network utility.

Deep Dive

1. Primary catalyst

HBAR broke above the $0.263 resistance on July 17 (UTC+0) with a 9% intraday spike, confirmed by a 105% surge in trading volume to $1.74B.

This technical breakout from a multi-week consolidation pattern attracted algorithmic traders and leveraged long positions, pushing prices to $0.2976 before settling at $0.272.

2. Supporting factors

ETF speculation: Grayscale and 21Shares updated HBAR trust filings, with analysts pricing in 35% approval odds for a U.S. spot ETF by Q4 2025.

Enterprise traction: NVIDIA’s partnership with Hedera for AI ledger solutions went live, processing 2.1M transactions in 24 hours.

DeFi growth: Stablecoin supply on Hedera jumped 91.7% QoQ to $151M, while DEX volumes hit $80M daily.

3. Technical context

HBAR’s 14-day RSI at 84.88 signals overbought conditions, but the price holds above the 20-day SMA ($0.233) and Fibonacci 61.8% retracement ($0.186). The MACD histogram turned positive (+0.0108), confirming bullish momentum.

Immediate resistance sits at the 127.2% extension level ($0.3274), while support is firm at $0.2376.

Conclusion

HBAR’s rally combines ETF-driven speculation with tangible DeFi growth and a bullish technical reset.

While overbought signals suggest potential consolidation, the $0.25–$0.27 zone could act as a springboard for further gains.

Will altcoin rotation sustain HBAR’s momentum if Bitcoin reclaims $125K?

$HBAR #HBAR #AltSeason #Macro Insights#