HBAR’s Current Market Stance
As of October 27, 2025, Hedera (HBAR) is trading at approximately $0.18, showing a degree of price consolidation in recent trading sessions. The general market sentiment is currently bearish, and the Fear & Greed Index sits in “Neutral” territory at 51. From a technical perspective, the 14-day Relative Strength Index (RSI) is at a neutral 45.23, suggesting the asset is neither overbought nor oversold at the moment. A key technical support level to watch is $0.1489; a break below this could signal further downside risk.
Catalysts and Regulatory Horizon
The potential for a spot HBAR ETF remains a significant focus for institutional investors. However, recent reports indicate that the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Grayscale Hedera ETF proposal. This pushes the regulatory catalyst beyond the immediate November timeline you mentioned, extending the waiting period for a decision that would provide a major, regulated on-ramp for institutional capital.
Regarding the SWIFT sandbox tests, the search results do not provide specific confirmation or details about a November 2025 event. The information available highlights Hedera’s established fundamental strengths, such as its high-speed, low-cost hashgraph consensus mechanism and its unique governance model managed by a council of major global enterprises like Google, IBM, and Boeing. These features underpin its long-term value proposition for enterprise use cases, including the kind of efficient cross-border settlements the SWIFT collaboration would represent.
Strategic Outlook for Fund Managers
For corporate treasurers and fund managers, the immediate price direction for HBAR appears to be in a holding pattern, influenced more by broader market sentiment and the pending regulatory decision than by a confirmed November catalyst.
The path for HBAR will likely be determined by a combination of sustained development and adoption within its ecosystem and a positive resolution from regulators on investment vehicles like a spot ETF. The $0.20 level you identified remains a crucial psychological and technical support. A sustained move above this, coupled with strong volume, could signal a shift in momentum, especially if the broader crypto market sentiment improves.
