The native token of Hedera, HBAR, is currently testing a crucial support level at $0.23, following a drop of over 3% on Friday.
On August 21, trading volume surged past 80 million during significant intraday periods.
Despite the recent downturn, HBAR is buoyed by several bullish factors; SWIFT announced plans to commence live blockchain payment trials utilizing HBAR across its $150 trillion annual payments ecosystem, set to begin in November 2025.
Moreover, speculation regarding a possible exchange-traded fund has gained momentum after Grayscale submitted Delaware trust documents related to HBAR. These events highlight the capabilities of hashgraph technology, which can handle over 10,000 transactions per second, boosting investor confidence in its potential to revolutionize traditional financial systems.
As global payments integration approaches, HBAR continues to draw institutional interest as both a technical asset and a fundamental investment.
Technical analysis
- A $0.01 trading range indicates a 2.40% volatility between the $0.24 resistance and $0.23 support levels.
- Volume spikes exceeding the 80 million mark signal key reversal points during midday trading sessions.
- The support at $0.23 remains solid for now, while resistance is accumulating around the $0.24 price target.
- Disclaimer: Some parts of this article were generated with the aid of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For further details, please see CoinDesk’s complete AI Policy.
