You Won’t Believe What Grayscale’s Cooking with HBAR on Nasdaq!! 🤯🚀

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Hold onto your hats, folks! The buy-side momentum on HBAR spot markets is starting to look like my aunt’s fruitcake – slowly rising and nobody’s quite sure why… but it’s happening! And here comes Grayscale, filing a Form S-1 for its shiny new Hedera Trust. 🎩✨

This little filing is like the moment someone asks, “Can we list HBAR on Nasdaq?”-all contingent on Nasdaq giving the green light after a rule-change shuffle that sounds like the SEC trying to do the hokey pokey.

Buyers Sharpen Their Pitchforks for HBAR Because Grayscale Filed Something Fancy

Yesterday, in a move sure to make accountants weep with joy, Grayscale submitted the S-1 filing – think of it as their résumé to the SEC, saying, “Hey, we’re legit and want to launch a Hedera Trust that lets you invest in HBAR without needing a law degree or a secret handshake.”

Meanwhile, not to be outdone, they also filed paperwork for ETFs tied to Bitcoin Cash and Litecoin. Because why have just two altcoins under your umbrella when you can have a whole megastorm? Grayscale promises these ETFs aim to bring you “regulated access” – which is a fancy way of saying, “Trust us, it’s official.”

And just to sprinkle on the drama, this all comes while the SEC decided to extend its review of Nasdaq’s application for this very trust – like a suspense movie sequel nobody asked for but Netflix promised: “Coming soon, maybe.”

HBAR’s Spot Market is Showing Muscle – Or Maybe Just Overcooked Meat

Thanks to Grayscale’s filing, there’s a slow but steady swell of buy-side pressure in HBAR markets. Check the HBAR/USD one-day chart, and you’ll see the Relative Strength Index (RSI) popping above the neutral 50, kind of like that awkward guy at a party suddenly getting invited to dance. 🕺

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RSI is basically the mood ring of the crypto world. Between 0 and 100, over 70 means “Whoa, too hot to handle!” (overbought) and under 30 means “Help, I’m cold and lonely!” (oversold). Right now, HBAR’s RSI has swaggered above the neutral 50 like it owns the place – bulls are sniffing around, and the buying momentum looks like it’s about to throw a party. 🎉

This means HBAR might just be gearing up for a solid run – or at least a jog – thanks to traders responding to the brilliant paperwork parade Grayscale’s put on.

Also, HBAR just gave a cheeky little 3% boost in the past day, nudging its price past the 20-day exponential moving average (EMA). Translation: the market’s saying, “Yep, we’re feeling pretty bullish today.” That EMA is currently holding steady at about $0.2285, like the bouncer keeping the party exclusive.

The 20-day EMA is that nerdy statistician in the corner who averages prices over the past 20 trading days but gives a little extra attention to the recent dates – because let’s face it, fresh gossip is more exciting. When prices climb above this line, it’s like the bulls got a pep talk and decided to show up in person.

So far, HBAR is looking pretty chipper, with the RSI and EMA singing duet like it’s the next big Broadway hit.

HBAR’s Crystal Ball: $0.3050 Up or $0.1963 Down? Place Your Bets! 🎰

With traders licking their chops over Grayscale’s latest filing and piling into HBAR like it’s Black Friday, the altcoin might just sashay its way up to $0.2762, aiming for the stars and maybe, just maybe, nudging $0.3050. Keep your monocles on, folks.

But hey, don’t get too comfy-if demand decides to pull a disappearing act, and folks start selling like it’s a garage sale, HBAR might tumble down to $0.2123 faster than you can say, “Where’s my portfolio?”

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2025-09-10 16:19