HBAR price rose 2.1% in the last 24 hours to $0.1519, hitting an intraday high of $0.154.
Technical analysis shows that the price operated in a 4.2% trading range with support at $0.148 and resistance near $0.150.
Hedera made several significant updates in June including new council members, AI development tools, and a Web3 gaming partnership.
On June 24, Blockchain for Energy (B4E), which works on sustainability data management in the energy sector, joined the Hedera Governing Council. B4E already operates its own carbon tracking platform on the Hedera network and its membership brings expertise in environmental transparency and enterprise accountability.
As a council member, B4E will run its own node and participate in governance decisions.
On June 26, Hedera introduced AI Studio, an open-source software development kit to help developers build AI-powered decentralized applications.
This includes the Agent Kit, which integrates with LangChain to allow AI agents to directly interact with Hedera’s consensus and token services using natural language commands.
The goal is to facilitate the development of AI-powered apps while ensuring on-chain auditability and regulatory compliance.
In the gaming sector, the Hedera Foundation announced a partnership with The Binary Holdings (TBH), a Web3 infrastructure firm, on June 19.
The collaboration aims to provide Hedera-based gaming apps to mobile users in Indonesia and the Philippines, through which TBH’s OneWave decentralized app store will connect over 169 million users with Web3 rewards and on-chain verification.
Meanwhile, the US Securities and Exchange Commission (SEC) has begun reviewing the Canary HBAR ETF, which would provide an opportunity to invest directly in HBAR. The public comment process is ongoing and a final decision is expected on July 7.
The approval of the ETF
could increase institutional investment and strengthen HBAR’s legitimacy in the financial market, however, regulatory oversight remains tight and there are mixed opinions among experts on the long-term viability of the token.
According to technical analysis, HBAR traded from $0.1478 to $0.1538 between 7pm on June 29 and 6pm on June 30. At 10pm on June 29, the price suddenly increased and the volume reached 104.5 million units.
Strong support was established at $0.148 between 2pm and 3pm on June 30, and the price showed a V-shaped recovery between 6pm and 7pm.
During this period, the price stabilized at $0.149 and closed at $0.1519 at the end of the day.
All these developments are taking Hedera to a strong position in the field of AI, gaming, and sustainability, while investors and regulators are keeping an eye on the future prospects of HBAR.
This is news, this is analysis,
It could be wrong or right!
So remember that this is not financial advice, if you are interested in investing in the crypto market, do thorough research first, then make a purchase.