HBAR Gains 2.1% Amid ETF Review and Ecosystem Developments
Hedera's native token HBAR increased by 2.1% to $0.1519 on June 30, driven by several ecosystem developments.
- On June 24, Blockchain for Energy joined the Hedera Governing Council, enhancing expertise in emissions reporting and sustainability.
- Hedera launched its AI Studio on June 26, providing tools for developers to create decentralized AI applications with natural language integration.
- A partnership with The Binary Holdings was announced on June 19 to bring Hedera-based gaming apps to mobile users in Southeast Asia via OneWave, targeting over 169 million users.
- The U.S. Securities and Exchange Commission is reviewing the Canary HBAR ETF, which could increase institutional access to HBAR if approved by the July 7 deadline.
Technical Analysis Highlights
- HBAR traded between $0.1478 and $0.1538 from June 29 to June 30.
- A breakout occurred at 22:00 UTC on June 29, with price reaching $0.154.
- Support formed at $0.148 during a trading window on June 30.
- A V-shaped recovery was observed, with a brief dip to $0.149 before rebounding.
- As of 19:56 UTC on June 30, HBAR showed resistance at $0.1538.