HBAR, Hedera’s native token, is seeking upward momentum again after a long-term sideways trend. The price movements seen in recent days have led analysts to make new assessments on whether the important support line, which has been on the agenda from time to time since 2020, can be maintained. The coin is currently trading in a technically important area.
Third Major Support Test in Technical Analysis
The rising support line, clearly visible on the charts, stands out as a level that HBAR has tested and received a reaction from several times in the last few years. There was a recovery from this region in 2020 and 2024; Now, the possibility of a new test in the 2026 structure formation is at the forefront. Technical expert ChartNerd noted that if HBAR can break away from this ascending line for the third time, it could see a strong move for the next wave.
“HBAR mostly recovered to the upside when it settled above the ascending support line on the weekly charts, but such moves occurred despite significant selling pressure,” was the highlight of the technical assessment.
If there is a break below this structure, the upward expectation in the markets may weaken. An upward close is critical for the continuity of the long-term support pattern.
Short Term Market Indicators
In recent hours, HBAR fluctuated between $0.08541 and $0.08984. According to the most recent data provided by BraveNewCoin, the HBAR price was at $ 0.08746 and lost 2.26% of its value daily. While the total market value reached approximately 3.79 billion dollars, the transaction volume was announced as 73.24 million dollars.
HBAR, which reached its all-time peak of $0.57 in September 2021, is currently trading 84.59% below that level. In the short term, the price continues to trend above $0.085; The first critical resistance point for the rise is the $ 0.089-0.090 range. If persistence above these levels is achieved, a new area of action may be created for buyers. However, if the price declines below $0.085, the continuity of the support line may be in danger.
| HBAR Price | Daily Change | Market value | Transaction Volume | All Time High |
|---|---|---|---|---|
| $0.08746 | -2.26% | $3.79 billion | $73.24 million | $0.57 (September 15, 2021) |
CryptoAppsy According to the current data reflected on the screens, the price of HBAR was traded at $ 0.08746.
Main Agenda with Hedera Pilot Project
Recently, Hedera took part in a digital asset application trial in Australia. This pilot, run by Australian Payments Plus, used a public network that allows various customized tokens to be exchanged via smart contracts. Here, a wholesale CBDC (Central Bank Digital Currency) with a digital twin version called “white coin” was tested; The actual CBDC was stored in a private network.
Mini dictionary: Smart contracts are computer codes that run automatically on blockchain or distributed ledger technology and perform transactions according to pre-programmed rules. They are specifically used for the transfer, exchange of different digital assets or automation of transactions.
In this trial, both public and private permission-based DLT (distributed ledger technology) networks were used together; Hedera’s own infrastructure formed the basis of this pilot. Analyst FOUR also emphasized that HBAR has reached an important demand area after the long correction and that the $ 0.085-0.087 range should be kept for buyers to regain control. If permanence is achieved above this band, HBAR’s potential for upward movement may come to the fore again.
