Shipping giant FedEx Corp. announced Friday that it has joined Hedera Council, working alongside other companies and builders to govern the Hedera distributed ledger network. According to the company, the move supports FedEx's vision of enabling global commerce to operate at digital speed rather than relying on traditional paper-based processes. Supply chain optimization has long been a key narrative around the promise of distributed ledger technology, including blockchain networks. “The digital transforma ...

Core Insights - HBAR price has experienced a mild decline due to strengthening bearish sentiment among investors, failing to sustain recent gains [1] - The correlation between HBAR and Bitcoin has sharply declined to 0.26, the lowest level in nearly two months, indicating reduced dependency on Bitcoin's price movements [2] - Investor sentiment towards HBAR remains largely bearish, with the weighted sentiment metric in negative territory, reflecting a lack of confidence among market participants [4] Price Projections - HBAR price is projected to drop by 5%, targeting $0.102, following a double-top pattern that typically signals trend exhaustion [6] - HBAR has broken below the neckline of this pattern, currently trading near $0.107, with $0.106 acting as short-term support [7] - A decisive recovery requires HBAR to reclaim $0.109 as a support level, with a sustained bounce indicating potential trend reversal [8]

Core Insights - HBAR experienced significant volatility with a trading range between $0.176 and $0.185, driven by institutional trading activities [1][3] - A notable rebound occurred on October 16, with trading volumes exceeding 129 million, indicating strong institutional participation [1][6] - However, this recovery was short-lived, as a sharp sell-off occurred in the final trading hour, highlighting aggressive liquidation activity [2][3] Institutional Sentiment - Analysts indicate a shift in institutional sentiment towards enterprise blockchain assets, with HBAR's support at $0.176–$0.178 showing resilience [3] - Resistance levels at $0.183–$0.185 suggest growing caution among institutional investors, reflecting a market caught between profit-taking and structural rebalancing [3][6] Trading Dynamics - The institutional trading range exhibited a 5% spread between $0.18 and $0.19, with key support identified at $0.18 [6] - A volume spike above 3 million in the final hour indicates significant liquidation pressure from corporate participants [2][6] - The absence of institutional volume in the final trading minutes suggests market exhaustion among corporate traders [6]

Core Insights - Hedera's HBAR token experienced significant volatility, trading between $0.18 and $0.19, ultimately settling near $0.19 for a modest 2% gain [1] - The trading environment indicates consolidation with high trading volumes as traders take profits, reflecting short-term uncertainty despite intact support levels [2] - The trading activity of HBAR highlights the cryptocurrency's sensitivity to macroeconomic conditions, with external pressures affecting risk appetite across digital assets [3] Technical Analysis - The trading band for HBAR spans $0.009, indicating a 5% gap between the high of $0.192 and the low of $0.181 [6] - Heavy resistance is noted near $0.19, with multiple failed breakout attempts, while critical support remains anchored around $0.19 through repeated successful tests [6] - Elevated trading volume exceeding 8.9 million during selloff phases suggests institutional participation during breakouts and retests, with a bearish bias emerging as the session closes [6]

Core Insights - HBAR token experienced a decline of nearly 5% from $0.22 to $0.21 between October 8 and 9, reflecting institutional caution amid regulatory uncertainty [1][3] - Trading volatility surged to 5.4%, with significant selling activity observed between 01:00 and 08:00 on October 9, resulting in trading volumes exceeding 100 million units per hour [1][6] - Institutional resistance was noted at the $0.22 price level, while support was established near $0.21, indicating defined risk parameters for corporate treasury management [1][6] Market Dynamics - The selloff is indicative of broader market unease due to the U.S. government shutdown, which has halted SEC operations and delayed ETF approvals [3] - Canary Capital's HBAR and Litecoin ETF filings remain pending, while Bitwise has adjusted Solana ETF fees and added staking to enhance competitiveness [3] - Corporate treasuries are expected to maintain a cautious stance towards digital asset exposure until regulatory clarity is achieved [3] Trading Activity - In the final trading hour, HBAR slipped an additional 0.85% to $0.212, with a failed recovery attempt at $0.215 [2] - Trading volume collapsed to zero in the closing minutes, suggesting either technical issues or a complete institutional retreat [2] - The final trading session saw intraday volatility of 1.26%, exceeding corporate risk tolerance thresholds [6]

Core Insights - Hedera's HBAR token experienced significant volatility between September 10 and 11, trading within a narrow range of $0.23 to $0.24, with a notable increase in trading volume indicating institutional interest [1][3][4] Price Action and Technical Analysis - HBAR struggled to surpass the resistance level at $0.24, facing strong selling pressure, while $0.23 remained a solid support level [2][4] - A close above $0.24 could potentially lead to a 25% rally towards the $0.25 target, but failure to breach this resistance keeps the token within the $0.21 to $0.23 range [2][4] - The trading range of $0.011 represents a 5% spread from the low of $0.23 to the high of $0.24 during the 23-hour period [7] Trading Volume and Institutional Interest - Daily trading volume averaged 35.4 million, with a surge to 156.1 million on September 11, indicating strong institutional flows [1][7] - The significant volume reversal at $0.23 was supported by 37.8 million, while the spike at $0.24 resistance triggered heavy selling pressure [7] Regulatory Developments - Grayscale's filing with the SEC to convert its Hedera HBAR Trust into an ETF has heightened demand from traditional asset managers for digital asset exposure [3][4] - The SEC's decision, due by November 12, is critical for HBAR's institutional adoption and could serve as a catalyst for price movement [3][4]

Overview of Hedera and HBAR - The report provides a comprehensive overview of Hedera, described as one of the most fascinating Layer 1 (L1) ecosystems [1] - The report focuses on understanding Hedera and its native cryptocurrency, the $HBAR token [1]