HBAR price eyes bullish continuation as DTCC ETF listing and Archax news fuel rally

$HBAR price has formed a bullish falling wedge pattern, buoyed by the DTCC ETF listing and Archax Pool Tokens launch.

Hedera ($HBAR) price has recently crashed to $0.21, playing out a descending triangle breakdown, as previously predicted by crypto.news.

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, effectively invalidating the bearish setup. Meanwhile, the formation has now flipped into what looks like a falling wedge — typically a bullish continuation pattern — and 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.

$HBAR price eyes bullish continuation as DTCC ETF listing and Archax news fuel rally - 1">

Source: TradingView

What’s driving $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.

In addition, Archax, a UK-regulated digital asset exchange and custodian, has launched “Pool Tokens” on Hedera, allowing users to create multi-asset on-chain portfolios with a single token. The feature enables investors to diversify across tokenized assets, transfer entire portfolios, and even use them as collateral—all while maintaining institutional-grade security and regulatory compliance.