HBAR traded in a narrow but actively 4% area from 20 to 21 August and climbed to $ 0.24 in the evening before corrected to $ 0.23 early the next day. At the end of the session, the token had recovered $ 0.24, which reinforced $ 0.23- $ 0.24 tape as a zone with support and accumulation.
Rebound comes as wider macro conditions favor digital assets. Federal Reserve has kept rates below 2%, with the markets increasingly pricing in cuts that could provide short -term momentum for crypto.
Institutional development also strengthens mood. Global Payments Network Swift launched live blockchain attempts with Hedera, while Asset Manager Grayscale filed a Delaware confidence to HBAR -a move considered by some as putting basic work for a future ETF.
Together, these factors highlight increasing institutional interest in enterprise blockchain infrastructure. As central banks and financial institutions accelerate the testing of tokenized settlement systems, Hedera’s positioning in global payments is gaining attention. HBAR’s latest improvement can signal more than intraday volatility – it reflects growing confidence in Hedera’s role in digital financing.
Technical indicators
- The award demonstrated explosive volatility over a 60 -minute period from August 21, 13:22 to 14:21, which rose from $ 0.24 to top of $ 0.24, representing 1% breakthrough.
- The last 15 minutes demonstrated unprecedented bullish momentum as price rocket from $ 0.24 to close at $ 0.24 in the middle of critical volume tips.
- Session highlighted classic support formation around $ 0.24 level with multiple successful gene tests.
- Resistance to $ 0.24 was decisively tested in the closing phase, suggesting strong institutional accumulation.
- Trading quantities exceeded 2.8 million during outbreak periods, indicating a significant market interest.
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