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By CD Analytics, Oliver Knight
Updated Aug 21, 2025, 5:31 p.m. Published Aug 21, 2025, 5:31 p.m.
- HBAR held firm support around $0.23 before rebounding to $0.24, signaling accumulation in a tight 4% trading range.
- Macro tailwinds boost sentiment as the Federal Reserve maintains rates below 2%, fueling expectations of cuts that could benefit crypto markets.
- Institutional momentum builds with SWIFT launching blockchain trials using Hedera and Grayscale filing a Delaware trust tied to HBAR.
HBAR traded in a narrow but active 4% range from Aug. 20–21, climbing to $0.24 in the evening before correcting to $0.23 early the next day. By session’s end, the token had regained $0.24, reinforcing the $0.23–$0.24 band as a zone of support and accumulation.
The rebound comes as broader macro conditions favor digital assets. The Federal Reserve has kept rates below 2%, with markets increasingly pricing in cuts that could provide short-term momentum for crypto.
STORY CONTINUES BELOW
Institutional developments are also strengthening sentiment. Global payments network SWIFT launched live blockchain trials featuring Hedera, while asset manager Grayscale filed a Delaware trust for HBAR — a move viewed by some as laying groundwork for a future ETF.
Together, these factors highlight rising institutional interest in enterprise blockchain infrastructure. As central banks and financial institutions accelerate testing of tokenized settlement systems, Hedera’s positioning within global payments is gaining attention. HBAR’s latest recovery may signal more than intraday volatility — it reflects growing confidence in Hedera’s role in digital finance.
Technical Indicators
- Price demonstrated explosive volatility during 60-minute period from 21 August 13:22 to 14:21, surging from $0.24 to peak of $0.24 representing 1% breakthrough.
- Final 15 minutes demonstrated unprecedented bullish momentum as price rocketed from $0.24 to close at $0.24 amid critical volume spikes.
- Session showcased classic support formation around $0.24 level with multiple successful retests.
- Resistance at $0.24 was decisively tested in closing phase, suggesting strong institutional accumulation.
- Trading volumes exceeded 2.8 million during breakout periods indicating significant market interest.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
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