Hedera HBAR Eyes Recovery After 4% Dip Despite ETF Filing Momentum

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News - HBAR is trading at $0.24 following a 4.22% decline, but bullish technical signals and Grayscale's ETF filing suggest potential upside toward $0.26 resistance levels. The cryptocurrency faced selling pressure in the latest session, yet maintains a narrow trading range between $0.24 and $0.25. Grayscale's September 9th filing to convert its Hedera HBAR Trust into an exchange-traded fund remains the primary catalyst. This institutional move initially pushed trading volume to 156.1 million, though the SEC's November 12 decision deadline has introduced uncertainty. Analysts' predictions targeting $0.26 continue to influence medium-term sentiment. Technical indicators paint a mixed picture. The RSI sits at a neutral 54.36, while the MACD histogram signals potential recovery. Last week's 5% surge on institutional developments underscores HBAR's volatility—and its capacity for rapid rebounds.