Hedera (HBAR) Price Eyes $0.30 Breakout as ETF Decision and Elliott Wave Signals Build

Hedera (HBAR) is gaining momentum as “ETF season” heats up and technical patterns align for a potential upward ￰0￱ Reading: Galaxy’s Digital Bitcoin Sales Continue: 1,190 Bitcoin Moves To Binance After bouncing from a September low near $0.205, HBAR has formed constructive patterns, an Elliott Wave advance, a double bottom, and a 10-week descending wedge, that together suggest a bullish ￰1￱ a final decision on a proposed HBAR spot ETF expected in November, traders are wondering if a clear break above $0.23–$0.24 could lead to the $0.30 ￰2￱ Season Puts HBAR in the Spotlight Macro tailwinds are strengthening, with the SEC expected to make decisions on numerous crypto ETF applications in October–November.

Analysts believe that current listing standards improve the chances of approval. Hedera, which has been under review for a spot ETF since 2024, could benefit from an increase in approvals that would expand ￰3￱ access. Additionally, Hedera’s reputation in the enterprise sector, governed by reputable council members and involved in real-world finance initiatives like SWIFT panels and public-sector pilots, supports positive sentiment and keeps HBAR relevant as institutions seek scalable, low-cost settlement ￰4￱ Wave & Wedge Patterns Flag Upside Continuation On the daily chart, HBAR completed a double bottom at approximately $0.205 (on September 5 and 26), with a neckline around $0.255.

Price action has since contracted into a falling wedge lasting over 10 weeks, often a sign of upcoming breakouts, while analysts view the move as Wave 2 within an Elliott Wave cycle that started with a 140% surge from late June to late July. A shift into Wave 3, typically the longest and most impulsive phase, would bring the year-to-date high of about $0.3065 into focus, with potential to challenge last November’s peak of around $0.40 if momentum ￰5￱ internals are also improving, with a rising Chaikin Money Flow indicating steady net inflows. A move above $0.242–$0.248 could trigger approximately $32 million in short liquidations, fueling any upside breakout.

HBAR's price trends upside on the daily chart.