Hedera's recovery by 20% with demand returning
The price of HBAR rose by about 20% after finding strong demand near the support level of $0.07766, following a drop from the $0.10 area. This recovery came with an increase in trading volume, indicating a depletion of panic selling and a shift to higher lows. At the same time, Hedera joined the Digital Money Institute, a policy forum that includes central banks and major financial institutions, enhancing its credibility at the institutional level. What this means: This is a positive indicator for HBAR as the price movement suggests a depletion of sellers and the potential for a trend reversal. Partnerships with institutions support the growth story, providing fundamental support for the recovery. However, the currency needs to reclaim the resistance level at $0.10 to confirm the continuation of the uptrend.
