Hedera (HBAR) Slips 1.6% Daily but ETF Hopes and Swift Partnership Keep Uptober Rally in Play

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Hedera’s HBAR declined about 1.6% for the day to hover near $0.211, but the overall outlook into “Uptober” remains positive.Momentum is supported by increasing ETF optimism, with new trust and ETF discussions bringing HBAR into the same conversation as large-cap altcoins, along with renewed engagement from SWIFT.Hedera Makes Global PartnershipsHedera representatives participated with SWIFT, Citi, and Germany’s Bundesbank on a Sibos panel to discuss digital-currency interoperability, highlighting Hedera’s role in real-world finance.Meanwhile, Wyoming’s Frontier Stablecoin pilot, which selects HBAR for low-cost, high-speed settlement, continues to validate Hedera’s enterprise-first approach.Under the Hedera Governing Council, featuring companies like Google and IBM, the network’s value proposition is clear: high throughput, low fees, and energy efficiency through its hashgraph consensus.These fundamentals, combined with institutional filings and improved macro narratives for regulated crypto products, keep HBAR on watch lists despite short-term volatility.Price Action: HBAR Key Levels Into “Uptober”Technically, HBAR’s structure shows a recovery from a two-month low near $0.21, with the price still coiling inside a descending wedge, a setup that often precedes upside moves when broader sentiment turns positive.Immediate support lies between $0.212 and $0.205; losing that range could lead to a slide toward $0.198. On the upside, $0.226–$0.230 remains the first barrier; a clear break above could target $0.235 and the mid-September highs near $0.245, with $0.285 as the October stretch level if buying momentum accelerates.Momentum indicators are mixed but stabilizing. RSI has rebounded from oversold (28) into the mid-40s, while Chaikin Money Flow trends higher, suggesting net inflows.The near-term warns of a narrowing golden cross between the 50- and 200-day EMAs that could turn into a death cross if bulls fail to defend the support levels. For swing traders, the strategy is simple: respect downside risk below $0.205, but look for confirmation above $0.230 to push toward $0.245–$0.285.Enterprise Adoption Gains Momentum, With RisksHBAR’s story is supported by enterprise integrations (payments, identity, and tokenization) and consistently very low fees (