Hedera Gains Traction Amid Bearish Crypto Environment

Hedera (HBAR) is gaining traction as it maintains a key demand zone in a broadly bearish crypto environment. The token has seen significant price movements, with a 1,823% rally following its support at the $0.0435-$0.057 zone on the weekly timeframe.

According to analysts, HBAR's price holds strong at $0.06594, with a 24-hour volume of $30.91 million and market capitalization reaching $2.89 billion. The token has gained 1.19% over the last 24 hours, suggesting a possible shift to the upside.

Crypto analyst Crypto Patel notes that HBAR remains approximately 84% below its 2024 high and is yet to reclaim its former peak. However, if market participants expect a liquidity sweep, a reclaim of the level, a change of character (CHoCH), and a break of structure (BOS) to materialize, HBAR could set its sights on targets at $0.10, $0.30, $0.50, $0.70, and eventually $1.

Hedera's institutional momentum has accelerated with the completion of the UK's first foreign exchange pilot using tokenized assets as collateral. The pilot highlights Hedera's growing influence in the tokenization of real-world assets and its expanding role in financial infrastructure.