The SEC has postponed the decision on HBAR and Polkadot ETFs, while the technical outlook for HBAR still shows a rise of 123%.

According to official documents, the U.S. Securities and Exchange Commission (SEC) has delayed the approval of the Canary HBAR and Grayscale Polkadot (DOT) ETF. Although this decision brings uncertainty to the market, HBAR continues to attract the attention of investors and analysts with its strong technical formation and a 90% chance of ETF approval. At the same time, the volume of DOT has also increased significantly, indicating the market's expectations for its future trends.

HBAR price trend and ETF catalysts

In recent weeks, the price of HBAR has continued to attract the attention of analysts and investors. The asset has formed a strong technical structure on higher time frames, indicating the potential for significant price fluctuations in the future. However, broader market sentiment and institutional news may affect HBAR's performance in the coming weeks.

According to analyst Javon Marks, the HBAR price is poised for a new round of significant upward movement after clearing earlier resistance levels. His charts highlight an expected 123% increase, with the first major target around $0.504, followed by a secondary level just below $1. The breakout pattern indicates that the Hedera price has formed a reversal area to support this outlook. Importantly, the asset continues to maintain higher lows, indicating strong market confidence.

Analysts emphasize that a breakthrough of $0.504 could initiate a stronger continuation pattern, making the long-term price prediction for HBAR increasingly bullish. On the weekly chart, the HBAR price shows a bullish triangular flag structure formed after an explosive rise. The current price of HBAR is $0.214, which has shown slight volatility after a significant rise earlier this year.

In addition to the charts, institutional interest also adds weight to the bullish outlook for HBAR. A report from the Bloomberg terminal sets the approval probability of Hedera's ETF applications from Grayscale and Canary at 90%. The SEC's final decision date is set for November 11, 2025, which is a key milestone.

SEC extends approval deadline, Polkadot also faces delays.

According to the latest documents, the SEC has designated a longer waiting period for the Canary spot HBAR ETF and the Grayscale Polkadot ETF. Nevertheless, Bloomberg analysts still maintain a 90% chance of approval for these ETFs.

On February 21, Nasdaq submitted an application for listing and trading the Hedera ETF, and a revision was submitted on March 4. A few weeks later, the spot HBAR ETF was released on March 13, initiating the SEC's 180-day period to approve or disapprove the ETF. The SEC has postponed the approval of the Canary spot HBAR ETF in April and June and is seeking more opinions on whether to list and trade these shares under Nasdaq's commodity trust stock rules. The committee has extended the time to approve or disapprove the proposed rule change by 60 days, making November 8 the final date for the SEC to approve or disapprove the ETF.

In the past 24 hours, the HBAR price has increased by 1%, and the current trading price is $0.2206. The low and high points in the last 24 hours are $0.2174 and $0.2222, respectively.

The SEC has also extended the approval deadline for the Grayscale Polkadot ETF to November 8. Similar to the HBAR ETF, the commission has postponed the approval of this ETF twice in April and June. The agency believes that it is necessary to specify a longer time to approve or disapprove based on the proposed rule changes from Nasdaq, as it needs sufficient time to consider the approval of ETFs related to altcoins based on the proposed rule changes.

It is noteworthy that the SEC is quietly collaborating with exchanges on the general listing standards for spot crypto ETFs. According to previous reports, Nasdaq, the New York Stock Exchange, and CBOE BZX have submitted amendments to remove "excluded commodities" from the definition of "commodities" in the listing standards.

As of the writing of this article, the DOT price has risen by nearly 4%, reaching $4.03. The intraday low and high were $3.85 and $4.08, respectively. Furthermore, its volume has significantly increased by 225% in the past 24 hours.

Conclusion

HBAR and DOT are currently at a decisive crossroads, facing strong technical signals while also being subject to regulatory catalysts. Despite the uncertainty brought about by the SEC's repeated delays, the high likelihood of approval and positive technical patterns indicate that both assets have significant upside potential. This blend of technical and institutional factors places HBAR and DOT in a compelling position, with only a few months remaining until the final regulatory decision.