HBAR, the original symbol of Hedra Hashgraph, has shown a full performance since the beginning of August, most of which is trading within a narrow range.
However, with improving the market momentum, breaking the HBAR over the upper line of the channel, and the data on the series emphasizes the possibility of staying above the price barrier in the short term.
Hbar Eyes Brakout in capital and increase activity
Readings from HBAR/USD Daily Chart show that Altcoin has been circulated inside a horizontal channel since the beginning of August.
This pattern appears when the original price swings between the specified resistance level and the level of support, indicating monotheism. Since August 1, HBAR has found resistance at $ 0.2669, while support was held at $ 0.2357.
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Over the past 24 hours, HBAR has increased by 3 % and is currently sitting over this resistance. Indicators indicate the series that with bullish pressure, this level may exceed a new support floor, which may pave the way for more gains.
First, according to Defillalama, the market value of Hedra’s Stablecoins increased by more than 54 % in the past seven days, reaching 86.41 million dollars.
The rise of the rising Stablecoin market indicates strong capital flows in the network, indicating increased investor confidence and liquidity. This can put up bullish pressure on HBAR with the growth of the demand for the distinctive symbol along with the activity of the ecological system.
In addition, Hedra Hashgraph has seen an increase in the total Defi value. For each Devillama, this is currently $ 140.06 million, an increase of 20 % since August 3.
TVL measures the amazing or closed encryption assets in the network protocols and are seen as an agent of network activity and use. Consequently, the growing TVL indicates that more users participate in HEDERA applications, which can enhance the demand for the short term on HBAR and enhance prices performance.
Can it become $ 0.2664 a new support floor?
The recent increase in the market value of Stablecoin and the Rising Network TVL network indicates that resistance at $ 0.2669 may be strengthened as a new support floor.
If the pressure continues to purchase, HBAR can extend its gains about $ 0.3050 in the near term if this happens.
However, a decrease less than $ 0.2669 can lead to a decrease of about $ 0.2357. HBAR may face a deeper decrease if this level fails to keep it, and it may test $ 0.1963
The post -HBAR Rallly Steam combines while Stablecoin flows and TVL appear by 20 % on Beincrypto.
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2025-08-14 16:00:00
