HBAR Gains 2.4% to $0.144 as Axelar Integration Drives Cross-Chain Expansion
HBAR rose 2.38% to $0.144, supported by Axelar's integration, despite lagging the broader market rally.Summary
HBAR climbed 2.38% to $0.144 on a 59% surge in trading volume, catalyzed by Axelar's new integration connecting Hedera to over 60 blockchains, which is intended to drive cross-chain DeFi activity. However, the token underperformed the broader market, lagging the CD5 index by 1.64% as capital rotated elsewhere. Technical analysis shows support holding near $0.1410 following a strong 60-minute reversal, but the broader trend remains bearish, defined by lower highs since September. HBAR is trading below key Exponential Moving Averages (EMAs), with resistance at the 20-day EMA ($0.155) and higher-timeframe resistance reinforced by the 50- and 100-day EMAs. Traders are focused on whether the expanding cross-chain liquidity can overcome this structural resistance.
(Source：CoinDesk)