Hedera (HBAR) observed notable gains during Tuesday’s trading session, increasing by 1.8% from $0.1348 to $0.1372 over the 24-hour period closing on Dec. 10 at 14:00 GMT.
The cryptocurrency has formed a distinct upward trend with higher lows recorded at $0.1360 and $0.1370. Trading remains confined within a range of $0.0067, reflecting a volatility of 4.7%.
This price movement coincides with renewed discussions in the market about Hedera’s growing government partnerships, notably Georgia’s Ministry of Justice, which plans to transition its national real estate registry to the Hedera network.
The development concerning the Georgia real estate registry follows Dubai’s announcement regarding land registry tokenization set for 2025, further solidifying Hedera’s role in the real-world asset tokenization space.
The technical setup indicates institutional accumulation near session highs, with the tight consolidation between $0.1371 and $0.1372 signaling controlled distribution rather than speculative momentum.
This pattern often precedes either ongoing upward movements or temporary consolidation phases as institutional flows stabilize.
Key Technical Levels Indicate Consolidation Framework for HBAR
Support/Resistance: Immediate support is noted at $0.1371 with psychological backing at $0.1360; resistance is confirmed at $0.1374 following a recent test.
Volume Analysis: Peak institutional flow at 196.16 million tokens validates the breakout; current below-average volume suggests a consolidation phase.
Chart Patterns: The ascending trend structure remains strong with a pattern of higher lows; narrow range trading illustrates institutional accumulation.
Targets & Risk/Reward: A breakout above $0.1374 targets the previous session high at $0.1430, while downside risk is mitigated by the $0.1360 support zone.
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