HBAR Rallies Back to $0.24 as Institutional Momentum Builds
Hedera’s HBAR token rebounded to $0.24 in the August 20–21 session, regaining ground after a brief dip to $0.23 and establishing a firm support range between $0.23 and $0.24. The move follows a narrow 4% trading range, underpinned by strong market interest and institutional catalysts.
Key Drivers
- SWIFT Blockchain Trials: Global payments giant SWIFT has launched live trials involving Hedera’s technology, marking a notable step toward enterprise blockchain adoption.
- Grayscale Filing: Grayscale has registered a Delaware trust for HBAR, interpreted by analysts as a potential precursor to a future ETF offering.
- Macro Tailwinds: With the Federal Reserve maintaining rates below 2%, expectations for future cuts have supported risk asset sentiment, including crypto.
Technical Snapshot
- Breakout: HBAR surged from $0.24 during a 60-minute window (Aug. 21, 13:22–14:21 UTC), briefly testing session highs.
- Support Zone: The $0.23–$0.24 level held firm through several retests, indicating accumulation strength.
- Volume Surge: Trading volume exceeded 2.8 million during peak periods, signaling heightened interest.
Market Outlook
HBAR’s recovery reflects growing confidence in Hedera’s enterprise use case, bolstered by institutional moves and favorable macro conditions. As adoption of tokenized settlement infrastructure gains momentum, Hedera is increasingly seen as a core player in the evolving financial tech stack.
