Hedera (HBAR) has demonstrated positive momentum amid recent ecosystem updates and growing interest from institutional investors.
Hedera Network Upgrades
Recent network upgrades for Hedera included multiple update cycles, with the latest testnet upgrade conducted on July 25, following a mainnet upgrade on July 23. These upgrades are aimed at enhancing network performance and scalability, strengthening Hedera's competitiveness among high-throughput smart contract platforms.
Market Growth and New Opportunities
HBAR is trading at $0.2603, up 2.90% in the last 24 hours, supported by bullish momentum across the altcoin market. The listing of Hedera on Kraken on July 10 has increased HBAR's accessibility for both retail and institutional traders in the U.S. and European markets.
Outlook and Market Expectations
From a technical perspective, HBAR has been oscillating near short-term resistance levels, with analysts pointing towards potential targets of $0.31 and $0.38 if momentum continues. However, bearish setups suggest that losing the $0.2440 support could lead to a sharper correction.
The network upgrades and rising institutional interest position HBAR as an appealing asset to watch in the medium term, especially given recent price changes and strategic developments.
