Hedera HBAR Eyes $1 Breakout as SEC ETF Decision Looms

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News - Hedera's native token HBAR is forming a bullish pennant pattern, indicating potential for a significant upward rally. Currently trading at $0.2188, analysts project targets of $0.504 with a possible surge toward $1—representing 123% growth potential. Market attention focuses on November 8th, when the SEC will rule on two proposed HBAR ETFs from Grayscale and Canary Digital. Approval could unlock substantial institutional demand, providing regulated exposure to Hedera's ecosystem through traditional investment vehicles. Despite a 1.9% weekly decline, HBAR maintains a $9.27 billion market capitalization with $140.4 million in daily trading volume. This technical setup coincides with growing institutional interest in alternative layer-1 protocols.