What to know:
- HBAR is currently flirting with a critical support level at $0.23 after a dramatic 3% tumble on Friday, while resistance is playing hard to get near $0.24.
- But wait! Bullish catalysts are popping up like daisies in spring: SWIFT is strutting its stuff with blockchain payment trials, and Grayscale is throwing HBAR-related trust documents into the mix, igniting ETF fantasies.
- Institutional interest is heating up, with trading volumes soaring past 80 million, showcasing a blossoming confidence in Hedera’s role as the next big thing in global payments.
Ah, Hedera’s native token HBAR, the drama queen of the crypto world, is testing the waters at a pivotal support level of $0.23 after a rather theatrical sell-off of over 3% on Friday. Who knew crypto could be so dramatic?
Trading volume, like a caffeinated squirrel, spiked beyond 80 million during those oh-so-crucial intraday moments on August 21. Talk about a party!
Despite the sell-off, HBAR is not without its charms; SWIFT has unveiled plans to launch live blockchain payment trials featuring our dear HBAR across its $150 trillion annual payments network, starting in November 2025. Mark your calendars, folks!
Meanwhile, the rumor mill is churning with speculation about a potential exchange-traded fund, thanks to Grayscale’s filing of Delaware trust documents linked to HBAR. These developments shine a spotlight on hashgraph technology’s impressive ability to process over 10,000 transactions per second, boosting investor confidence like a double shot of espresso.
With global payments integration just around the corner, HBAR is becoming the belle of the ball, attracting institutional interest as both a technical marvel and a fundamental darling.
Technical analysis
- The $0.01 trading range creates a delightful 2.40% volatility dance between the $0.24 resistance and $0.23 support levels. Who doesn’t love a good tango?
- Volume explosions past the 80 million mark signal key reversal points during midday trading sessions. It’s like a crypto fireworks show!
- Support is holding firm, for now, at $0.23 while resistance is building near the $0.24 price targets. Stay tuned for the next episode!
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2025-08-22 15:56