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4h ago

HBAR Defends Support as SWIFT Trials and Grayscale Trust Filing Draw Institutional Focus

Traders focus on the $0.23–$0.24 band for confirmation of a push toward $0.25, with risk appetite softening after hawkish FOMC minutes.

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Overview

  • HBAR is trading around $0.235–$0.24 after a two-day 4% range, repeatedly holding the $0.23–$0.24 support zone and briefly reclaiming $0.24.
  • SWIFT has launched live blockchain trials that feature Hedera, signaling ongoing testing of tokenized settlement by major payments infrastructure.
  • Grayscale has filed a Delaware trust for HBAR, a step some view as early groundwork for a possible spot product, not a confirmation of an ETF.
  • Crypto markets weakened after hawkish FOMC minutes lowered expectations for a September rate cut, with Bitcoin slipping below $113,000 and Ether near $4,200.
  • Market signals remain mixed, with CoinDesk reporting elevated breakout volumes while technicals point to potential targets near $0.243–$0.25 and downside risk toward $0.2246 if support breaks.