Why Is Hedera (HBAR) Price Pumping?

Hedera’s price is looking good right now—it’s up about 4% since yesterday. More people are trading it too, with volumes up over 70%. It’s doing so well that it’s made it into the top ten biggest price increases today.

However, prominent voices in the cryptocurrency community, including Levi | Crypto Crusaders and Mark Chadwick, have pointed to strategic developments surrounding Hedera. Levi | Crypto mentioned that some people working with Trump’s team have been discussing something interesting: The US might start keeping its supply of American crypto like HBAR, XRP, and Bitcoin.

The government seems interested in using Ripple and Hedera to update how they handle elections and banking, making everything more digital with blockchain. Word is that Trump’s team wants to make American crypto tax-free. All this news has made investors feel optimistic about HBAR, helping push its price up.

Read Also: JasmyCoin (JASMY) Price Could Easily Reach $1 This Cycle: Here’s Why

Growing Speculation of an HBAR ETF

Mark Chadwick highlighted discussions around a potential HBAR exchange-traded fund (ETF), which could provide significant benefits for the token. An ETF would enhance accessibility for mainstream investors, simplify investments, and attract institutional capital. It would also increase liquidity, making HBAR a more attractive option for large-scale traders.

Speculation surrounding this possibility has fueled optimism, as investors anticipate an influx of fresh capital into the Hedera ecosystem. Chadwick emphasized that such an ETF could be transformative for HBAR’s adoption and price trajectory.

Hedera Chart Analysis 

HBAR’s price chart reveals a strong bullish breakout. After a prolonged downtrend from 2021 to 2023, HBAR reversed its trajectory in 2024, breaking key resistance levels. Top analyst Step Is Crypto noted a projected 100.31% upward move, signaling renewed momentum. Support around the $0.045–$0.05 range has proven reliable, and a double breakout from previous bearish trends suggests a structural shift toward bullish control.

Image Source: X/StepIsCrypto

The parabolic surge in price further reflects increased buying interest and strong market sentiment. This aligns with STEPH IS CRYPTO’s recent comment, “$Hbar looks extremely strong!”—a statement echoed by the visible upward trend.

HBAR’s price surge is supported by bullish market sentiment, strategic developments involving the Trump administration, and technical indicators signaling a breakout. Rising trading volumes and increasing speculation of an ETF further enhance the token’s prospects, positioning HBAR as a leading contender in the evolving crypto market.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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