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HBAR checks critical support levels at $ 0.23 after bounce failed


The Native Hedera token HBAR tests a major support level of $ 0.23 after being sold more than 3% on Friday.

The trading volume spiked beyond 80 million during the essential Windows Windows period on August 21.

Despite the seller, HBAR has a number of bullish catalysts; Swift announced plans to launch live blockchain payment tests featuring HBAR throughout $ 150 trillion annual network payment starting in November 2025.

At the same time, speculation on a potential funds exchanged by the exchange gathered steam after Grayscale filed a delaware trust document linked to HBAR. These developments are the ability of the hashgraph technology to process more than 10,000 transactions per second, strengthening the investor’s confidence in its role in changing the traditional financial infrastructure.

With the integration of global payment in the end, HBAR continues to attract institutional interest as both a technical and basic play.

HBAR/USD (TradingView)

Technical analysis
  • The $ 0.01 trading range creates 2.40% volatility between $ 0.24 resistance and $ 0.23 support levels.
  • Explosion volume has passed 80 million key Reversal Key Reversal points during trading sessions at noon.
  • The support holds firmly, for now, at $ 0.23 while the resistance builds near $ 0.24 price targets.
  • Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.

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