Hedera ( HBAR ) made another appearance at the SWIFT summit, HBAR ETF approval countdown: consolidation game on the eve of the $1 target.

Hedera ( HBAR ) has recently come back into the spotlight, with its HEAT director Rob Allen attending the Sibos summit alongside giants like SWIFT, Citibank ( Citi ), and the German Central Bank ( Bundesbank ), discussing the interoperability of Digital Money, marking Hedera's increasingly important position in global digital finance. SWIFT also announced new DLT system plans, further describing Distributed Ledger technology as a "natural extension" of its innovation roadmap. On the regulatory front, the joint roundtable meeting of the SEC and CFTC paves the way for the unification of cryptocurrency asset regulation, adding chips for the eventual approval of Canary's HBAR ETF, with Bloomberg analysts predicting a probability of approval exceeding 80%. Despite the continuous Favourable Information, the HBAR price is currently still in the consolidation range of $0.211 to $0.226, with the market waiting for confirmation from regulatory or fundamental news to determine the next direction.

Hedera and SWIFT Share the Stage Again: Delving into the Core of Digital Finance

Hedera once again participated in an important industry summit with global financial information transmission giant SWIFT, highlighting its in-depth layout in the institutional digital financial sector:

  • Keynote Speaker: Rob Allen, Director of Hedera HEAT, participated in the panel discussion on Digital Money Interoperability at the Sibos summit, alongside representatives from SWIFT, Citi, and the Central Bank of Germany, Bundesbank.
  • Industry Consensus: Group members unanimously believe that there will be an "explosion of digital money and the use cases that support them" in the future.
  • DLT layout: SWIFT also announced a new Distributed Ledger (DLT) initiative aimed at achieving 24/7 cross-border payments, which has garnered support from over 30 global banks, including HSBC, BBVA, and Citi. SWIFT describes DLT as a "natural extension" of its innovation roadmap. The direct involvement of many participating banks with Hedera further strengthens HBAR's potential in institutional applications.

Regulatory Breakthrough Approaches: HBAR ETF Faces Final Deadline

While the fundamentals are favourable, the improvement of the regulatory environment in the United States has brought substantial hope for the approval of the HBAR ETF:

  • Regulatory Coordination: At the joint roundtable meeting of the SEC and CFTC, Paul Atkins referred to this meeting as "a turning point for the U.S. financial markets," marking that the two major regulatory agencies are breaking down barriers and "paving the way for unified progress."
  • Clearer regulation: Establishing a coordinated regulatory framework for encryption assets and traditional markets is crucial for addressing the long-standing regulatory issues that have plagued crypto ETFs.
  • HBAR ETF probability is high: As the regulatory environment becomes clearer, the HBAR ETF submitted by Canary is moving towards its final SEC deadline. Bloomberg analysts have given it a high approval probability of over 80%, viewing it as a strong competitor in the wave of approvals for Digital Money ETFs in the United States.

HBAR Price Analysis: ( Consolidation Trap Before Target

Despite the strong market news, the price of Hedera )HBAR( is currently in a consolidation phase after experiencing a steep drop and has not yet initiated a strong trend:

  • Key Interval: HBAR price has formed a tight "trap zone" between the support level of $0.211 and the resistance level of $0.226.
  • Consolidation and Game Theory: Within this range, buyers are defending at the bottom while sellers are pressuring at the top, leading to repeated rejections. Currently, it is in a state of consolidation rather than a trend.
  • Momentum Indicator: The Relative Strength Index (RSI) is around 61, indicating a certain recovery momentum; however, the MACD remains flat, reflecting the market's indecision.
  • Breakthrough Key: Upward: If it can break through $0.226, HBAR is expected to push towards the $0.25–$0.26 range.

Downward: If it breaks below $0.211, the price may quickly fall back to $0.205 or even $0.19.

HBAR is trapped in this range because traders are waiting for confirmation of major news such as ETF approval or further details on SWIFT cooperation. Before large traders make their positions clear, the price will continue to fluctuate narrowly within a short-term liquidity range.

Conclusion

Hedera )HBAR$1 is currently in a critical consolidation phase driven by favourable information and regulatory news. Its deep collaboration with SWIFT strengthens its position as an institutional-level DLT infrastructure, while the regulatory coordination by the SEC/CFTC opens the door for a high probability approval of the HBAR ETF. However, before these significant catalysts explode, the HBAR price still needs to work hard to break through the resistance level of $0.226. The next market movement will depend on whether the upcoming ETF decision can lead to a substantial surge in trading volume, thereby ending the current consolidation trap and truly beginning the journey towards ( target.

HBAR-0.85%
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