McLaren Racing joins Hedera governing council, launching race-week blockchain collectibles through 2026

McLaren Racing joined Hedera’s governing council as HBAR held near $0.08. Volume slipped while price stayed range‑bound.

Key market stats
- Price up 1.40% in 24h, down 6% in 7d
- 24h volume fell 15% to $87M
- Source: CoinGecko data

Traders flagged a converging triangle. Higher lows meet lower highs. That compresses price until a break.

Analyst ChartNerd kept a $1.80 long‑range target in play. The view hinges on a clean move above resistance with stronger volume. Without confirmation, price can keep sliding. The target was framed as speculative, not guaranteed. Source: ChartNerd.

The report also noted an Elliott Wave‑style structure finishing near support. Momentum had exited oversold earlier, a setup some read as rebound‑friendly. It can fail if support breaks.

McLaren adds a real use case. The team joins Hedera governance and plans fan engagement tied to racing events across 180+ countries. The collaboration includes blockchain collectibles around major race weekends, with more launches through the 2026 season. Sources: Hedera blog, McLaren x Hedera, McLaren.

Headline: McLaren joins Hedera council as HBAR holds $0.08; volume drops 15%