Hedera (HBAR) Price Shows Strength Amid SEC Delay

Hedera’s native token, HBAR, is holding steady despite the U.S. Securities and Exchange Commission (SEC) postponing its decision on Canary Capital’s proposed HBAR ETF until November 8. The token managed to climb 4% as traders and investors continued to show confidence, keeping buying pressure alive.

Strong Investor Backing

The 12-hour Chaikin Money Flow (CMF) chart highlights a sharp increase in capital inflows, pointing to growing investor conviction in Hedera’s long-term potential. This resilience suggests that market participants remain unfazed by regulatory uncertainty and are more focused on the project’s growth trajectory.

Sustained inflows during uncertain times indicate that investors see HBAR as a reliable asset. Their confidence has helped stabilize the token, shielding it from heavy downside pressure and supporting a steady price structure.

Technical Indicators Signal Optimism

The Moving Average Convergence Divergence (MACD) indicator has just confirmed its first bullish crossover in more than six weeks. This development signals renewed optimism for Hedera and hints at the possibility of an emerging upward trend.

While the broader crypto market remains cautiously bullish, HBAR has shown the ability to generate momentum on its own. Dedicated holders continue to play a critical role, ensuring that the asset maintains strength even in the face of regulatory delays.

Price Outlook

At the time of writing, HBAR is trading at $0.227, up 3.5% in the past 24 hours. The token is currently testing resistance at $0.230 after rebounding from solid support at $0.219. A successful breakout above this level could open the way for a rally toward $0.245.

However, failure to breach resistance may result in a pullback, with HBAR potentially retreating to $0.219 or even testing deeper support near $0.213. The next few sessions will be crucial in determining whether the bullish momentum can sustain itself.