Hedera’s native token, HBAR, is at a pivotal technical juncture, resting on a long-term ascending support trendline that has defined its price structure across multiple market cycles. According to a chart shared by analyst ChartNerd, the token is now testing this same rising demand line for the third time, with previous bounces occurring near the 2020 lows and again during the 2024 consolidation.
At the time of writing, HBAR traded at $0.08746, down 2.26% over 24 hours, with a daily range of $0.08541–$0.08984. The market capitalization stood at roughly $3.79 billion, and trading volume reached $73.24 million. The price remains far below its all-time high of $0.57, set on September 15, 2021 — now trading at an 84.59% discount from that peak.
Short-term price action shows bulls attempting to defend the $0.085 zone, with a minor bounce lifting HBAR back toward $0.087. Analysts highlight that a clean break above $0.089–$0.090 could open the door to higher demand, while a close below $0.085 would endanger the multi-year trendline and shift control to sellers. The accumulation of this support base over the weekly timeframe is seen by some traders as a reason to hold positions, even during prolonged corrections.
Adding fundamental context, ALLINCRYPTO pointed to a recent Australian pilot involving Hedera. The initiative, led by Australian Payments Plus, applied a token interchange service on a public-permissioned DLT network — identified as Hedera — using smart contracts to swap privately-issued tokenized money forms. A wholesale CBDC “white coin” digital twin served as the interchange asset on the public network, while the actual wholesale CBDC remained on a private-permissioned network. This use case underscores Hedera’s role in enterprise-grade settlement solutions and reinforces its narrative of real-world adoption.
Analyst FOUR’s chart analysis also highlighted the yellow demand area where HBAR currently sits, suggesting a recovery rally could follow if buyers maintain the $0.085–$0.087 region. The combination of technical support, institutional pilot references, and the broader market’s consolidation phase places HBAR at a make-or-break point for its longer-term trajectory.
