Hedera Hashgraph (HBAR) is showing signs of a major breakout, fueled by bullish technical patterns and growing market optimism. With HBAR stabilizing near $0.3140, analysts are eyeing a potential surge toward the $0.50 mark.

Bullish Technical Indicators

HBAR forms a bullish pennant pattern, signaling upward momentum.
HBAR is trading above its 50-day EMA and sits between key Fibonacci retracement levels. The symmetrical triangle on the daily chart suggests a breakout could push the price beyond $0.3920, with $0.50 as the next psychological target.

ETF Speculation Drives Optimism

Investor excitement builds over a potential HBAR ETF.
Canary’s recent filing for an HBAR-focused ETF has heightened investor interest. JPMorgan predicts the SEC, now led by Paul Atkins, could approve crypto funds, setting the stage for significant inflows into Hedera.

Strengthening Ecosystem

Hedera’s DeFi ecosystem continues expanding.
The network’s total value locked (TVL) has climbed to $180 million, supported by protocols like Stader and SaucerSwap. Its stablecoin market cap has also grown to $11 million, reflecting increasing adoption.

Institutional Backing Boosts Credibility

Major corporations support Hedera’s growth.
Governance council members like IBM, Dell, and Worldpay enhance Hedera’s appeal as a scalable, cost-efficient alternative to Ethereum, strengthening investor confidence in HBAR’s long-term potential.

Hedera