Hedera Hashgraph’s token, HBAR, is showing signs of a significant price increase. On July 6, 2025, Hedera crypto rose by 3.47% to $0.1596, as more people believe the U.S. Securities and Exchange Commission (SEC) may soon approve a spot ETF backed by HBAR.
With positive technical indicators and rapid growth in the network, conditions may be right for a major price rally in HBAR.
First, the fundamentals of the Hedera ecosystem have strengthened in recent weeks. The network’s stablecoin market cap grew by $12.6 million in the last 7 days alone, an 11.09% increase, according to DeFiLlama.
Hedera now hosts over $126 million in stablecoins, with USDC leading the way at a 99.8% market share. This growth reflects the increasing activity on the network, particularly in DeFi and payments.
Hedera ETF Approval Deadline Looms
The biggest near-term catalyst is the proposed Canary HBAR ETF, whose SEC review deadline is July 7, 2025. This ETF, backed by Canary Capital Group and custodians BitGo and Coinbase Custody, would offer direct exposure to HBAR, using the CoinDesk Hedera USD Index as its benchmark.
ETF analysts James Seyffart and Eric Balchunas currently assign 90% approval odds for this ETF by year-end, and the market is pricing in optimism ahead of this decision.
As seen on TradingView, HBAR jumped from $0.1549 to $0.1596 within 24 hours, gaining over 3.5% on ETF-related momentum alone.
Hedera Price Prediction: Will HBAR Hit $0.20 in July?
Technically, $HBAR appears to be breaking out of a classic bullish pennant on the weekly chart, as highlighted by trader Steph is Crypto on X. The chart displays a consistent pattern of consolidation followed by strong upward surges, each time forming higher lows and preparing for a breakout.
The latest pennant seems ripe for resolution. On July 6, HBAR saw a strong increase, closing above an important resistance level. This rise coincided with a positive signal from the MACD indicator, which had recently turned positive (+0.0021). This change indicates that price momentum is shifting in favor of buyers.
Importantly, Hedera crypto remained above its pivot point at $0.1545 while moving closer to its upper Bollinger Band at $0.16176. It now faces immediate resistance at $0.170, a level that aligns with both Fibonacci retracements and historical rejection zones.
If the SEC approves the ETF around July 7, the Hedera price could soon test the $0.17 resistance level. And if it breaks above this point, HBAR might rise to $0.20 and possibly reach around $0.23–$0.25 if the momentum continues.
If the ETF approval is delayed or denied, we expect support to be around $0.145–$0.1545.However, strong ecosystem fundamentals suggest any pullback would be short-lived and viewed as a buy-the-dip opportunity.
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