Hedera Rises 1.8% to $0.1372 as Government Adoption Momentum Builds

Core Insights - Hederea (HBAR) has shown a measured gain of 1.8%, rising from $0.1348 to $0.1372, establishing an ascending trend with higher lows [1][2] - The cryptocurrency is experiencing increased market interest due to government partnerships, notably Georgia's Ministry of Justice migrating its real estate registry to the Hedera network [2] - Technical analysis indicates institutional accumulation, with a consolidation phase observed between $0.1371 and $0.1372, suggesting potential for future price movements [3][4] Technical Analysis - Immediate support is identified at $0.1371, with psychological support at $0.1360, and resistance at $0.1374 following recent tests [4] - Volume analysis shows peak institutional flow at 196.16 million tokens, validating breakout potential, while current below-average volume indicates a consolidation phase [4] - The ascending trend structure remains intact, with targets set for a breakout above $0.1374 aiming for a previous session high of $0.1430, while downside risk is contained by the $0.1360 support zone [5]