HBAR (Hedera) 24-hour pump 25.16%

Gate News Bot report, on July 14, according to CoinMarketCap, as of the time of writing, HBAR (Hedera) is currently priced at $0.25, rising 25.16% in the last 24 hours, with a high of $0.25 and a low of $0.16. The current market capitalization is approximately $10.47 billion, an increase of $2.104 billion compared to yesterday.

Hedera is a public network governed by a council composed of globally recognized institutions, providing a fast, secure, and compliant platform for decentralized application development. Hedera utilizes innovative hashgraph consensus technology to power decentralized applications without compromising speed, efficiency, or security. As the only public network governed by known institutions, Hedera offers a trusted platform for building fast, secure, and compliant decentralized applications.

Recent important news about HBAR:

1️⃣ Price breaks through descending wedge, triggering bullish signal The price of HBAR recently broke through the descending wedge pattern formed since January 2025, which is seen as a potential trend reversal signal. After the breakout, the trading price of HBAR has remained above the top of the wedge, marking a positive performance that has not been seen for months. This breakout may indicate a turning point for the future price trend of HBAR.

2️⃣ Significant rise in trading volume, increased market interest Accompanied by a price breakthrough, HBAR trading volume surged over 40%, indicating strong investor interest in this cryptocurrency. A significant increase in trading volume is often seen as a strong support for price trends, suggesting that more investors are paying attention to and participating in HBAR trading. This heightened market activity may further drive the HBAR price rise.

3️⃣ Institutional portfolio adjustments, HBAR gains new recognition The Grayscale Smart Contract Fund (GSC Fund) added HBAR as a component asset after the evaluation in the second quarter of 2025, while removing Polkadot (DOT). This adjustment reflects institutional investors' recognition of HBAR's future development potential, which may bring more institutional capital inflow to HBAR, further enhancing its market position and value.

From a technical perspective, the key support level for HBAR is currently between $0.14 and $0.15, which is the breakout zone. As long as the price remains above this range, the breakout structure is relatively solid. In the short term, there may be a retest of this support level, and if it can hold successfully, it will further strengthen the upward momentum. In addition, some market analysts are optimistic about HBAR's price prospects, with predictions suggesting that HBAR may reach a target price of $1 within the next six months, although this is a relatively aggressive forecast.

This message is not an investment advice; investment should take market volatility risks into account.