Hedera’s HBAR price traded near $0.22 on Oct. 1, rising 3.70% after bouncing from the September lows. The token faced repeated rejections along a descending trendline that stretched back to July, leaving price action squeezed inside a falling wedge.
Furthermore, the VPVR indicator on the chart showed heavy trading interest clustered between $0.23 and $0.25, marking it as a key supply zone. Breaking out from the bullish pattern is a distant target for the HBAR USD pair, but market participants would probably keep an eye on it nonetheless.
Volumes remained muted as HBAR tested its immediate support base, keeping sentiment fragile despite the rebound. At the same time, Hedera accumulated new fundamentals that continued shaping its broader market outlook.
Analysts Hint At A Bullish Future For HBAR
Analyst Nehal highlighted a falling wedge structure pressing HBAR into a narrow band since August.
The market commentator marked repeated defenses of the $0.20 zone as potential launch points, suggesting a breakout could unlock a move toward the $0.30 region. Nehal’s projection outlined a 53% upside if momentum flipped through the wedge ceiling.
Meanwhile, another analyst, with the X username Polaris, offered a more cautious reading, noting HBAR’s bounce from a previously mapped value area. Polaris expected one more dip to improve risk-reward entries, but admitted the market might not provide that opportunity.
The analyst’s chart leaned on volume profiles, placing deeper bids near $0.18 and $0.16, areas that traders had respected earlier in the year.
The split in outlook reflected the closeness of the current setup. Price action remained compressed within the wedge, with both support and resistance boundaries drawing heavy scrutiny. At the same time, a decisive break above the wedge ceiling could flip sentiment quickly, leaving room for acceleration. The analysis left HBAR positioned in a tight range that mirrored the cautious optimism in its fundamentals.
HBAR Gains Ledger Support, Listing, And ETF Optimism
Hedera’s recent fundamentals could likely help its native token mount a stronger rally. Ledger confirmed support for Hedera Token Service, giving users the ability to manage HBAR and ecosystem tokens directly on Ledger Live.
The addition strengthened self-custody options and addressed security concerns that often hinder retail adoption.
Soon after, Börse Stuttgart’s BISON app expanded its offering to include HBAR, alongside Tron, Gala, and Compound. The listing added HBAR to a regulated platform backed by Europe’s sixth-largest exchange group.
BISON said its expansion aimed to meet retail demand for diversification, with Hedera now available to over one million active users across 72 countries. Traders viewed the addition as a step toward greater legitimacy in the European market.
The regulatory angle became more relevant as MiCAR rules shaped regional listings.
BISON’s compliance standards meant HBAR joined a fully regulated environment when oversight was becoming central to investor confidence. Market watchers pointed out that BISON’s move added institutional weight to Hedera’s growing adoption.
HBAR’s position also gained from the broader backdrop of ETF approvals in the United States. Although no Hedera product had been filed, traders tied its compliance profile to possible future filings.
Optimism over a potential HBAR ETF circulated in the community, adding to the token’s narrative beyond price charts. The belief that Hedera could follow Bitcoin and Ethereum into regulated investment vehicles kept sentiment constructive.
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