HBAR Tests Critical Level of Support at $0.23 After Failed Bounce

Hedera’s native token HBAR is testing a key level of support at $0.23 after selling off by more than 3% on Friday.

Trading volume spiked beyond 80 million during crucial intraday windows on August 21.

Despite the sell-off, HBAR has a number of bullish catalysts; SWIFT revealed plans to launch live blockchain payment trials featuring HBAR across its $150 trillion annual payments network starting in November 2025.

At the same time, speculation over a potential exchange-traded fund gathered steam after Grayscale filed Delaware trust documents linked to HBAR. These developments spotlight hashgraph technology’s ability to process over 10,000 transactions per second, bolstering investor confidence in its role in transforming traditional finance infrastructure.

With global payments integration on the horizon, HBAR continues to attract institutional interest as both a technical and fundamental play.

HBAR/USD (TradingView)

Technical analysis

• $0.01 trading range creates 2.40% volatility between $0.24 resistance and $0.23 support levels.
• Volume explosions past 80 million mark key reversal points at midday trading sessions.
• Support holds firm, for now, at $0.23 while resistance builds near $0.24 price targets.
• 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.

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