HBAR Holds Steady as Institutional Interest and SWIFT Testing Drive Activity
Hedera’s HBAR token traded within a tight range over the past 24 hours, reflecting strong institutional interest as SWIFT conducts blockchain tests and Grayscale launches a dedicated HBAR investment vehicle.
HBAR moved between $0.24 and $0.25, maintaining firm support at $0.24, a level closely watched by institutional investors. Trading volumes surged to 179.67 million units, significantly above the daily average of 41.75 million, signaling accumulation by larger market participants.
The price action coincides with growing enterprise adoption of Hedera’s hashgraph-based network. SWIFT has begun operational testing of Hedera’s distributed ledger for cross-border settlements, while Grayscale introduced a Delaware-based vehicle to offer regulated exposure to HBAR. Analysts say these developments reflect increasing alignment between institutional demand and regulatory frameworks.
Experts suggest that the combination of high volumes, narrow price movement, and visible corporate engagement points to strategic positioning by sophisticated investors ahead of Hedera’s next growth phase. The network’s high throughput—capable of processing thousands of transactions per second—continues to attract enterprise interest from companies such as Google and IBM, which are exploring tokenization and blockchain-based solutions.
Technical Overview
- HBAR traded in a $0.01 range from Aug. 27 15:00 to Aug. 28 14:00, showing limited directional momentum.
- Support was established around $0.24, with resistance near $0.25, where profit-taking emerged.
- Volume peaked at 179.67 million units during the 20:00 hour on Aug. 27, well above typical session averages.
- In the final hour, HBAR advanced modestly, closing at $0.24 with volume spikes of 9.2 million and 6.81 million units at 13:42 and 14:13, reflecting sustained institutional participation.
HBAR’s measured volatility and strong institutional support underscore its growing appeal, signaling potential for continued upward momentum as enterprise adoption expands.
