HBAR Trades in Narrow Range Amid Institutional Interest and SWIFT Blockchain Tests
Hedera’s HBAR token remained tightly ranged over the past 24 hours as institutional participation picked up, coinciding with SWIFT’s blockchain testing and Grayscale’s launch of a Delaware-based HBAR investment vehicle.
The token oscillated between $0.24 and $0.25, holding firm at $0.24, a level seen as key institutional support. Trading volumes spiked to 179.67 million units, well above the daily average of 41.75 million, signaling accumulation by larger investors.
Enterprise adoption continues to drive interest in Hedera’s hashgraph network. SWIFT has initiated operational testing for cross-border settlements, while Grayscale’s investment vehicle provides regulated exposure to HBAR, reflecting growing alignment between institutional demand and regulatory frameworks.
Analysts note that the combination of high volumes, narrow price movement, and corporate engagement suggests strategic positioning by sophisticated investors ahead of Hedera’s next growth phase. The network’s high throughput—capable of processing thousands of transactions per second—remains attractive to enterprises such as Google and IBM, exploring blockchain-based tokenization solutions.
Technical Summary
- HBAR traded in a $0.01 range from Aug. 27 15:00 to Aug. 28 14:00, showing limited directional movement.
- Support was established around $0.24, with resistance near $0.25.
- Peak volume reached 179.67 million units during the 20:00 hour on Aug. 27, well above session averages.
- In the final hour, HBAR moved slightly higher, closing at $0.24, with volume spikes of 9.2 million and 6.81 million units at 13:42 and 14:13, highlighting ongoing institutional engagement.
HBAR’s stability and robust institutional support underscore its growing appeal and set the stage for potential upward momentum.
