Key Insights:
- HBAR is consolidating around the $0.20 zone with structure showing potential double bottom.
- HBAR DeFi continue to thrive as it joined the ERC3643Org Association to help scale the adoption of ERC-3643 – a leading industry standard for compliant RWA tokenization
- HBAR is among the top 15 projects with positive market sentiment.
The fluctuating price of HBAR stayed close to $0.1917 as it attempted to surpass $0.1931 which might have indicated upward potential.
The $0.1749 level represented strong support from the bottom Bollinger Band while the $0.2114 resistance emerged from the top band.
A price rise above $0.2114 could have sent HBAR toward $0.24 as it tested previous resistance points.
The failure to overcome resistance would have pushed the price downwards toward $0.1749 and strengthened the bears.
The negative trend persisted since all previous peaks experienced successive rejections, triggering a descent.
HBAR would potentially confront challenges in reaching its anticipated price target of $0.50 during 2025 without any major events motivating market growth.
Failure to maintain a price above $0.1749 would have possibly led to a more extensive downward movement toward $0.16 after wiping out previous upward trends.
A price rise above $0.2114 would have enhanced bullish momentum which could lead the cryptocurrency to attain $0.24.
A major price increase exceeding $0.24 was necessary to invalidate the existing downtrend and implement long-term market predictions.
The likelihood of reaching a $1.00 stock price became less probable because of this missing catalyst.
HBAR DeFi and ERC3643Org Association
Under the ERC-3643 standard called T-REX, financial institutions achieve regulatory compliance through purpose-built tokenization standards.
Major financial institutions employ the framework to tokenize green bonds and private equity. Notably, Citi and ABN AMRO are among these leading entities.
ERC3643Org has attracted additional financial organizations. Consequently, the Depository Trust & Clearing Corporation (DTCC) decided to join the organization to help bring permissioned token adoption to the industry.
ERC3643Org Association membership enables Hedera to achieve its main goal of building Decentralized Finance services for institutional clientele.
With experience in enterprise blockchain solutions, Hedera has the potential to make ERC-3643 acceptable to regulated financial markets.
The Hedera network will gain enhanced adoption of compliant HBAR-based DeFi applications by institutions through permissioned token integration. This would strengthen its reputation as an enterprise-ready platform.
This joint effort would enable the entities to build critical business networks to advance compliant decentralized finance developments on Hedera’s platform.
The adoption of ERC-3643 implements Hedera’s DeFi sector into a respected financial platform that uses HBAR as the basis for compliance-based applications.
Through this strategic association, the parties can accelerate both institutional adoption and improved market standing for HBAR as the digital asset ecosystem develops.
Top 15 Projects with Positive Market Sentiment
The report from Orile Insights placed NEAR in the number one spot among 15 projects whose market sentiment was positive along with ARB, SOL, and AVAX.
NEAR stood as the market leader according to 89% of voters while voters placed ARB in second position with 85% support votes.
Meanwhile, SOL received 84% votes for ranking third alongside AVAX securing 83% support for fourth place.
HBAR investors displayed 79% positive sentiment during the sentiment analysis, placing this project at the ninth position.
According to the research data from 1,008 active voters, +0.12% was recorded as the sentiment change for seven days.
BTC combined with ETH showed 81% and 80% positive sentiment respectively, whereas LINK and ADA maintained 77% affirmations.
Market analysts have rated HBAR with a 79% approval rating, reflecting high market conviction that may drive future price appreciation.
The levels of market confidence reflected by these ratings were low while the 0.12% positive move reflected small changes.
Strong positive investor emotions after this period may have driven HBAR prices upwards.
However, rising negative emotions to 21% would likely have led to price declines because markets became pessimistic.