HBAR Eyes $0.50 Breakout on Bullish Chart Pattern and BlackRock ETF Speculation
Hedera Hashgraph’s HBAR token is showing bullish momentum as it trades above $0.23, forming a cup-and-handle pattern that points toward a potential breakout. Market sentiment is being fueled by speculation over a possible BlackRock ETF and supportive futures positioning, giving traders hope of a rally toward $0.50.
Key Highlights:
- HBAR forms a bullish cup-and-handle formation with $0.50 as the breakout target.
- Rumors of a BlackRock-backed HBAR ETF have bolstered investor confidence.
- Futures data shows a long/short ratio of 1.61, favoring buyers over sellers.
Price Action and Technical Outlook
At press time, HBAR is trading at $0.2417, up 1.2% in the last 24 hours, holding strongly above $0.23 support despite broader market weakness. The daily chart suggests upside continuation, with resistance at $0.2927. A confirmed breakout could drive prices toward $0.40, and sustained accumulation may clear the way for a run to $0.50, representing a 118% move from recent levels.
Indicators back the bullish case:
- The Parabolic SAR is positioned below the candles, signaling strong buyer control.
- The MACD is narrowing after a bearish crossover, suggesting momentum may soon flip bullish if the MACD line crosses back above the signal line.
BlackRock ETF Buzz Sparks Excitement
Though no official filing has been made, speculation about a BlackRock HBAR ETF has sparked optimism. A spot ETF approval could attract institutional money, improve liquidity, and accelerate adoption. Bloomberg’s James Seyffart recently estimated a 90% chance of such approval, further lifting sentiment.
Historically, ETF speculation has driven sharp rallies in digital assets, and HBAR appears to be benefiting from similar dynamics.
Derivatives Positioning Supports Bulls
Data from CoinGlass shows Binance long positions at 61.69% versus 38.31% shorts, producing a long/short ratio of 1.61—a clear tilt toward bullish bets. Combined with ETF speculation, this adds fuel to the bullish outlook. 
Is $0.50 Achievable?
If support levels hold and bullish indicators persist, HBAR could realistically reach $0.50 in the near term. The technical structure, reinforced by speculative ETF buzz and favorable derivatives data, suggests that momentum is building. Risks remain if support breaks down, but overall conditions point toward continued recovery.
