HBAR Tests Critical Level of Support at $0.23 After Failed Bounce

2 hours ago

Hedera’s autochthonal token HBAR is investigating a cardinal level of enactment astatine $0.23 aft selling disconnected by much than 3% connected Friday.

Trading measurement spiked beyond 80 cardinal during important intraday windows connected August 21.

Despite the sell-off, HBAR has a fig of bullish catalysts; SWIFT revealed plans to motorboat unrecorded blockchain outgo trials featuring HBAR crossed its $150 trillion yearly payments web starting successful November 2025.

At the aforesaid time, speculation implicit a imaginable exchange-traded money gathered steam aft Grayscale filed Delaware spot documents linked to HBAR. These developments spotlight hashgraph technology’s quality to process implicit 10,000 transactions per second, bolstering capitalist assurance successful its relation successful transforming accepted concern infrastructure.

With planetary payments integration connected the horizon, HBAR continues to pull organization involvement arsenic some a method and cardinal play.

HBAR/USD (TradingView)
Technical analysis
  • $0.01 trading scope creates 2.40% volatility betwixt $0.24 absorption and $0.23 enactment levels.
  • Volume explosions past 80 cardinal people cardinal reversal points astatine midday trading sessions.
  • Support holds firm, for now, astatine $0.23 portion absorption builds adjacent $0.24 terms targets.
  • Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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