HBAR Holds Key Support as RWA Adoption Fuels Potential 20% Rebound Toward $0.135

Hedera (HBAR) is quickly emerging as a major part of the story of real-world assets and is no longer just talk or theory but actual development work. Whilst many blockchains are simply drawing up plans for the use of RWAs in the future, Hedera is hard at work developing the infrastructure needed to support compliant use.

This momentum is further supported by the increasing enterprise adoption and interconnections within the broader RWA ecosystem, including ties to platforms that have been referred to as the NASDAQ of Solana platforms, like ONDO. As the spotlight moves away from layer one competition, the real-world adoption by existing institutions points to the area in which actual adoption lies.

Also Read: HBAR Defends $0.105 Zone While Upside Levels Form at $0.16 and $0.22

HBAR Eyes Short-Term Rebound With $0.135 in Focus

However, the crypto analyst, Crypto Pulse, highlighted that HBAR is gaining attention from traders as it has made a textbook support-resistance flip on the four-hour chart. It appears as though an area that was once considered to be a level of resistance is now recognized as an area that is currently providing strong support, which is typically considered to be an area from which sellers are less likely to continue to sell.

Source: X

Traders are now focusing on the next 4-hour candle. If a bullish engulfing candle is confirmed, it will add strength to the bullish formation and will provide traders with a signal for an upside breakout. When the confirmation signal emerges, a potential breakout rally may be observed towards the previous resistance level of $0.135.

HBAR Daily Chart Shows Weak Recovery

HBAR remains in a strong daily downtrend as the price remains below all major moving averages. Even after the development of a short-term positive divergence, the momentum is weaker. The initial level of support for the token is around the region of $0.110-$0.105, and on the lower side, it might see levels of $0.090.

Source: TradingView

On the momentum front, RSI is still operating below the 50 level and indicates a lack of strength even after the stabilization phase. The resistance levels of $0.120 to $0.128 correspond to the heavy EMA levels. Crossing this level may lead to a positive sentiment, but any weakness in it may increase the selling pressures.

Also Read: Hedera (HBAR) Price Could Reach $0.30 Amid Growing RWA Adoption