Hedera’s native cryptocurrency, HBAR, is currently wrestling with a critical support level at $0.23, following a more than 3% drop last Friday. With trading volumes surging past 80 million during pivotal moments on August 21, the token’s recent performance has caught the eye of investors and analysts alike, painting a complex picture of market sentiment.
The Market’s Pulse: Support and Resistance
HBAR’s current predicament isn’t just about numbers—it’s about the tension between market forces. The token finds itself wedged in a tight trading range, with a $0.01 swing creating 2.40% volatility between the resistance at $0.24 and the support at $0.23. It’s a delicate dance. For now, support at $0.23 appears to hold firm, but resistance is building, keeping investors on edge.
According to crypto analyst Jenna Miles, “The $0.23 support level is more than just a number—it’s a battleground. If it breaks, we could see a cascade of stop-loss selling.” This scenario mirrors recent events in the crypto market, such as the DOGE Tests 22-Cent Support as $782M Volume Unleashes Stop-Loss Cascade, highlighting the volatility and rapid shifts in investor sentiment.
Bullish Catalysts: SWIFT and Grayscale in the Mix
But here’s where it gets interesting. Despite the recent sell-off, HBAR isn’t short on bullish momentum. SWIFT, the global interbank payment network, has announced plans to initiate live blockchain payment trials utilizing HBAR starting this November. With SWIFT’s network handling a staggering $150 trillion in annual transactions, the significance of this development can’t be overstated. Such integration could be a game-changer for HBAR, potentially opening doors to mainstream adoption.
Moreover, speculation is rife over a possible exchange-traded fund (ETF) linked to HBAR. Grayscale’s recent filing of Delaware trust documents has fueled this chatter, as investors speculate about the potential for HBAR to be included in a new wave of crypto ETFs. This kind of institutional interest is precisely what many believe could bolster HBAR’s standing in the crypto market, similar to the institutional movements observed in ICP Loses Key Support as Token Falls 7% in Heavy Institutional Selling.
The Bigger Picture: Hashgraph’s Promise
HBAR isn’t merely a speculative play; it’s a bet on hashgraph technology’s promise. Capable of processing over 10,000 transactions per second, hashgraph technology offers a compelling alternative to traditional blockchain solutions. This speed and efficiency make HBAR an attractive option for transforming the infrastructure of global finance.
As financial institutions eye blockchain solutions for faster, more secure transactions, HBAR’s potential role in this evolution is impossible to ignore. “We’re seeing a shift,” notes blockchain consultant Marcus Lee. “Institutions are no longer just curious—they’re actively exploring integration. HBAR’s technical capabilities position it well for this transition.”
Looking Ahead: Uncertainties and Opportunities
As we move closer to the end of 2025, the question remains: can HBAR capitalize on these opportunities amid market volatility? With SWIFT’s trials and the ETF speculation, there’s a palpable sense of anticipation. Yet, like any emerging technology, hashgraph has its skeptics. Some question whether its advantages over traditional blockchains will translate into widespread adoption.
For now, the market remains cautiously optimistic. HBAR’s journey is emblematic of the broader crypto landscape—fraught with risks but rich with potential. As investors weigh these factors, the coming months will be crucial in determining whether HBAR can break free from its current trading range and realize its promise as a transformative force in finance.
Source
This article is based on: HBAR Tests Critical Level of Support at $0.23 After Failed Bounce
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
