HBAR (Hedera) rose 9.35% in the last 24 hours.

Gate News Bot news, on July 10, according to CoinMarketCap, as of the time of writing, HBAR (Hedera) is currently priced at 0.18 USD, with a 9.35% pump in the last 24 hours, reaching a high of 0.18 USD and a low of 0.15 USD. The current market capitalization is approximately 7.628 billion USD, an increase of 650 million USD from yesterday.

Hedera is an open-source public network governed by a council of leading global institutions, dedicated to providing the infrastructure for decentralized applications for developers. Hedera utilizes innovative hashgraph consensus technology to support decentralized applications without sacrificing speed, efficiency, or security. The network is jointly governed by several well-known enterprises, providing strong decentralization, transparency, and trusted decision-making. Hedera supports the execution of smart contracts written in Solidity and offers compatibility with Ethereum tools and applications, as well as native and ERC-compliant tokenization services.

Important news about HBAR recently:

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

2️⃣ Significant rise in trading volume, increased market interest Accompanied by the price breakout, HBAR trading volume surged over 40%, indicating strong interest from investors in this cryptocurrency. A significant increase in trading volume is typically viewed as a strong support for price trends, suggesting that more investors are paying attention to and participating in HBAR trading.

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

From a technical perspective, HBAR's current key support level is 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 rise momentum.

This message does not constitute investment advice, and investors should be aware of market volatility risks.