CryptoCurrency
HBAR Edges 1.8% Higher to $0.1372 as Government Adoption Momentum Builds
Hederea (HBAR) posted measured gains during Tuesday’s trading session, climbing 1.8% from $0.1348 to $0.1372 over the 24 hour period ending Dec. 10 at 14:00 GMT.
The cryptocurrency has now established a clear ascending trend with higher lows at $0.1360 and $0.1370. Trading remains contained within a $0.0067 range representing 4.7% volatility.
The price action unfolds alongside renewed market discussion of Hedera’s expanding government partnerships, particularly Georgia’s Ministry of Justice memorandum to migrate its national real estate registry to the Hedera network.
The Georgia real estate registry development follows Dubai’s 2025 land registry tokenization announcement, reinforcing Hedera’s positioning in the real-world asset tokenization sector.
The technical structure suggests institutional accumulation near session highs, with the tight consolidation between $0.1371-$0.1372 indicating measured distribution rather than speculative momentum.
This pattern often precedes either continuation moves higher or temporary consolidation phases as institutional flows stabilize.
Key Technical Levels Signal Consolidation Framework for HBAR
Support/Resistance: Immediate support establishes at $0.1371 with psychological backing at $0.1360; resistance confirms at $0.1374 following recent test.
Volume Analysis: Peak institutional flow at 196.16 million tokens confirms breakout validity; current below-average volume suggests consolidation phase.
Chart Patterns: Ascending trend structure remains intact with higher lows pattern; narrow range trading indicates institutional accumulation.
Targets & Risk/Reward: Breakout above $0.1374 targets previous session high at $0.1430; downside risk contained by $0.1360 support zone.
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.
