Hedera HBAR Defends Critical $0.21 Support Amid Bullish Technicals and Institutional Validation

Hedera Hashgraph's HBAR has firmly established $0.21 as a crucial support level, backed by multiple technical indicators including the 0.618 Fibonacci retracement, moving averages, and volume node convergence. The token maintains its bullish structure with consistent higher lows, while positive funding rates indicate strong demand for long positions.

Market Optimism extends beyond technical factors as SWIFT's pilot program testing HBAR for cross-border payments confirms the network's institutional relevance. Growing open interest and sustained funding rate premiums suggest traders expect continued upward momentum.

The daily chart shows HBAR/USDT consolidating at this strategic level, with the $0.21 zone now serving as a critical test for bullish sentiment. A break below this support WOULD invalidate the current higher-low pattern, while holding above it could trigger another upward movement.