HBAR's price has begun to recover after several months of decline. This positive turn came after the cryptocurrency was added to Grayscale's fund.
HBAR Growth After Grayscale News
HBAR started showing positive dynamics after its addition to Grayscale's Smart Contract Fund. This has attracted additional capital and trader attention interested in trading the token. Inclusion of HBAR in Grayscale's portfolio confirms its reputation alongside assets like Ethereum, Avalanche, and Cardano.
Technical Analysis of HBAR
According to the MACD indicator, an upward trend is currently observed, driven by recent buying activity. However, sellers may begin taking profits, which could significantly affect HBAR's support level currently at $0.154. Should the price drop below this mark, a further decline to $0.145 or lower is possible.
Fundamental Factors and Community Optimism
HBAR is gaining additional attention due to updates in tokenization and enterprise adoption. In the last 24 hours, the token was added to Grayscale's fund, triggering an immediate market reaction. Overall, community sentiment is highly optimistic, with over 96% of participants expressing positive views on the token.
HBAR's recovery following Grayscale's fund inclusion highlights investor and trader interest. The support at the $0.154 level will be a key marker for the cryptocurrency's future movements amidst growing market optimism.
