The post HBAR Surges 4% After Testing Key Support Levels appeared on BitcoinEthereumNews.com.

HBAR traded in a narrow but active 4% range from Aug. 20–21, climbing to $0.24 in the evening before correcting to $0.23 early the next day. By session’s end, the token had regained $0.24, reinforcing the $0.23–$0.24 band as a zone of support and accumulation. The rebound comes as broader macro conditions favor digital assets. The Federal Reserve has kept rates below 2%, with markets increasingly pricing in cuts that could provide short-term momentum for crypto. Institutional developments are also strengthening sentiment. Global payments network SWIFT launched live blockchain trials featuring Hedera, while asset manager Grayscale filed a Delaware trust for HBAR — a move viewed by some as laying groundwork for a future ETF. Together, these factors highlight rising institutional interest in enterprise blockchain infrastructure. As central banks and financial institutions accelerate testing of tokenized settlement systems, Hedera’s positioning within global payments is gaining attention. HBAR’s latest recovery may signal more than intraday volatility — it reflects growing confidence in Hedera’s role in digital finance. HBAR/USD (TradingView) Technical Indicators Price demonstrated explosive volatility during 60-minute period from 21 August 13:22 to 14:21, surging from $0.24 to peak of $0.24 representing 1% breakthrough. Final 15 minutes demonstrated unprecedented bullish momentum as price rocketed from $0.24 to close at $0.24 amid critical volume spikes. Session showcased classic support formation around $0.24 level with multiple successful retests. Resistance at $0.24 was decisively tested in closing phase, suggesting strong institutional accumulation. Trading volumes exceeded 2.8 million during breakout periods indicating significant market interest. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/08/21/hbar-rebounds-as-swift-blockchain-trials-boost-bullish-outlook

---

Filed under: News - @ August 22, 2025 12:29 pm