Hedera's HBAR token is navigating a confluence of technical pressure and operational developments. South Korea's major exchange, Upbit, has announced a temporary suspension of HBAR deposits and withdrawals starting February 25 at 18:00 KST. This action is due to a scheduled Hedera Hashgraph network upgrade. While trading will continue, the pause in transfers is expected to temporarily affect liquidity and exchange flows, potentially creating short bursts of volatility.
Technically, HBAR is trading around $0.095, having slipped below the key psychological level of $0.10. The token is now approaching a critical daily buy wall at $0.09, a major liquidity zone where buyers have historically stepped in. Analysts highlight this as a line in the sand: a successful defense could trap sellers and shift momentum, with potential upside targets in the $0.106 to $0.150 range. Conversely, a breakdown below $0.09 with conviction could trigger stop losses and accelerate a decline toward the next major support near $0.072.
The broader market context adds pressure, with Bitcoin dipping toward $65,000 and dragging altcoins lower. HBAR's price action reflects this fragile sentiment, down more than 55% over the past year and over 80% below its all-time high of $0.5692 set in September 2021. Despite the short-term challenges, long-term fundamentals received a boost with FedEx joining the Hedera Governing Council, signaling institutional confidence in the network's enterprise vision.
