Introduction to HBAR Price Movement

The HBAR price has recently formed a bullish falling wedge pattern, driven by significant developments such as the DTCC ETF listing and the launch of Archax Pool Tokens. This pattern suggests a potential bullish continuation in the price movement.

Recent Price Action

Hedera price had crashed to $0.21, playing out a descending triangle breakdown, as previously predicted by bitpulse. However, buyers quickly stepped in at that level, and after several days of consolidation below the triangle’s lower trendline, HBAR price has reclaimed the breakdown zone. This effectively invalidates the bearish setup and flips the formation into what looks like a falling wedge — typically a bullish continuation pattern.

Technical Analysis

The recent price action confirms a clean breakout above the upper wedge resistance. The 20-day SMA, which previously acted as dynamic resistance, has now flipped into support, coinciding with a horizontal demand zone and creating strong confluence. This level may contain the next pullback. However, the RSI suggests HBAR price still has room to climb, potentially reaching the previous swing high resistance at $0.26 before hitting overbought levels.

Drivers of HBAR Price

HBAR was recently added to the DTCC’s National Securities Clearing Corporation list as a potential spot ETF under Canary Capital, alongside Solana and XRP. While SEC approval is still pending—expected in November for HBAR—analysts estimate a 90% chance of approval. This development significantly contributes to the bullish outlook for HBAR price.

Archax Pool Tokens Launch

In addition to the DTCC ETF listing, Archax, a UK-regulated digital asset exchange and custodian, has launched “Pool Tokens” on Hedera. This feature allows users to create multi-asset on-chain portfolios with a single token, enabling investors to diversify across tokenized assets, transfer entire portfolios, and even use them as collateral. The launch of Archax Pool Tokens maintains institutional-grade security and regulatory compliance, further bolstering the HBAR ecosystem.

Conclusion

The combination of the DTCC ETF listing and the launch of Archax Pool Tokens has significantly impacted HBAR price, forming a bullish falling wedge pattern. With the 20-day SMA flipping into support and the RSI indicating room for further climb, HBAR price is poised for a potential bullish continuation. As the market awaits SEC approval for the spot ETF, the overall outlook for HBAR remains positive, driven by these significant developments.