Grayscale Investments has moved forward with a trust filing for a Hedera (HBAR) spot ETF in Delaware. The filing mirrors the company’s approach with Cardano (ADA), where a trust registration often precedes a formal application to the U.S. Securities and Exchange Commission. By establishing the legal groundwork, Grayscale is signaling that Hedera could soon join the growing list of digital assets positioned for regulated investment products.
The decision highlights rising institutional interest in Hedera as blockchain projects seek greater exposure in traditional financial markets. Grayscale’s strategy typically involves building trust structures before petitioning regulators, ensuring readiness once market conditions align. For Hedera, the development points to a potential shift in accessibility, as an ETF product would open the network to investors beyond cryptocurrency exchanges.
A Hedera ETF would provide regulated exposure to HBAR, allowing more investors to integrate the asset into portfolios with familiar investment vehicles. Such a move not only expands the network’s reach but also strengthens its position in ongoing adoption trends within the blockchain sector. While the SEC has yet to review a Hedera ETF application, the trust filing underscores a deliberate effort to prepare the project for broader financial integration.
Hedera Bullish Pennant Setup
This chart, created on August 19, 2025, shows Hedera HBAR/USD trading within a converging structure after a strong upward move. The price action formed a bullish pennant pattern, a continuation setup where a steep rally consolidates into narrowing trendlines before potentially breaking higher.
The pennant began after the July rally pushed HBAR above $0.24, followed by weeks of sideways trading within a tightening range between $0.23 and $0.31. The 50-day exponential moving average is positioned near $0.25, keeping the consolidation aligned with the broader uptrend. Trading volume also reflects the classic pennant behavior, contracting during the consolidation phase.
If the breakout confirms, the measured move suggests a possible 120 percent surge from the current $0.24 level toward $0.53. The projection comes from applying the height of the initial rally to the breakout point. A close above the $0.31 upper boundary would validate the breakout, and rising volume would strengthen the signal. With support holding at $0.23, HBAR’s technical setup points to a continuation of its prior bullish momentum.
Hedera MACD Momentum Analysis
This chart, created on August 19, 2025, shows the MACD (12,26, close) indicator for Hedera (HBAR). The blue MACD line has crossed below the orange signal line, while both remain below the zero line. This alignment reflects weakening momentum and continued bearish pressure in the short term.
The histogram bars confirm this trend, as they extend into negative territory with growing red bars. That signals stronger selling momentum, reinforcing that bulls have yet to regain control. Each prior crossover on this chart brought sharp moves, showing how sensitive HBAR has been to MACD shifts in recent weeks.
As long as the MACD line stays below the signal line and the histogram remains red, the market structure points to consolidation or further downside before a possible recovery. A bullish reversal would require a clear crossover above the signal line and a return of green histogram bars, ideally paired with higher trading volume. For now, momentum leans bearish despite the broader bullish pennant structure shown on the price chart.
Hedera RSI Momentum Analysis
This chart, created on August 19, 2025, displays the Relative Strength Index (RSI 14, close) for Hedera (HBAR). The RSI currently sits at 40.87, with its moving average line at 43.51. These values place HBAR in a neutral-to-weak zone, leaning closer to oversold conditions than to bullish strength.
The RSI has consistently failed to reclaim the 70 level since early August, showing that buying pressure has weakened after the July rally. Each rebound attempt lost momentum near the mid-50s range, followed by pullbacks that confirm reduced strength among bulls. The most recent dip into the low 40s signals that sellers still dominate the market, even though conditions are not yet deeply oversold.
If the RSI drops below 30, the asset would enter an oversold region, often associated with potential rebound setups. For now, the reading indicates continued bearish momentum, in line with the MACD weakness, while still leaving room for a reversal if buying interest revives around support levels.
Hedera Balance of Power Analysis
This chart shows the Balance of Power (BOP) indicator for Hedera (HBAR). The current reading stands at 0.45, placing the measure in positive territory. A positive BOP suggests that buyers are holding more control than sellers, even amid volatile shifts.
The chart illustrates sharp swings between positive and negative values, reflecting the ongoing battle between bulls and bears. Over the past weeks, the indicator has repeatedly crossed the zero line, showing alternating dominance without establishing a long-lasting trend. This volatility aligns with HBAR’s consolidation phase, where price has been trapped between support and resistance while awaiting a breakout.
The current positive bias, though not extreme, suggests that buyers are regaining some influence after recent selling pressure. Sustaining readings above zero would support bullish continuation, especially if paired with volume growth and confirmation from other momentum indicators like MACD or RSI. However, repeated reversals in past weeks highlight that the market remains unstable, and control could shift quickly.