Hedera Shows Bullish Divergence as ISO 20022 Catalyst Watch Intensifies
Summary
Hedera (HBAR) is exhibiting a bullish divergence on its 4-hour chart, where the price made a lower low while the Relative Strength Index (RSI) made a higher low, suggesting slowing selling pressure despite recent price weakness from the mid-$0.15 region toward $0.13. This technical signal emerges as analysts note renewed market attention on assets compliant with the approaching ISO 20022 global payment standard, including HBAR, XRP, and XLM. Although these compliant tokens have seen recent declines due to macro pressures, their operational relevance positions them for potential institutional focus as banking infrastructure transitions. Intraday HBAR action showed a decline from $0.1485 to $0.1388 before stabilizing and recovering slightly, indicating that buyers are absorbing losses at lower levels, setting the stage for a possible relief move if support holds.
(Source:Brave New Coin)