Hedera’s local token HBAR
UTC extended its rally at 19:56 UTC as of June 30 and rose 2.1% to $0.1519, according to Coindesk Research’s technical analysis model.
The move comes after a series of ecosystem updates that expand Hedera’s enterprise reach and enhances its growing footprint in AI, gaming and sustainability.
On June 24, blockchain is used for energy (B4E)It is a nonprofit organization focused on sustainable data management in the energy sector and has officially joined the Hedera Gonerning Council. B4E has already run its carbon tracking platform on the Hedera network, and its addition brings domain expertise in emission reporting and digital MRV (Measurement, Reporting and Verification) standard. As a member of the Council, B4E will run its own nodes and contribute to governance decisions, especially those aligned with environmental transparency and corporate accountability.
Just two days later, Hedera launched its AI Studio, an open source software development kit designed to help developers build decentralized applications powered by artificial intelligence. The suite includes a proxy suite that integrates with Langchain and enables AI proxy to interact directly with Hedera’s consensus and token services using natural language commands. The goal is to reduce barriers to AI-native applications while keeping chain-adjustable, transparent and regulatory alignment.
In terms of gaming, the Hedera Foundation announced its partnership with binary files on June 19 (TBH)Web3 infrastructure company. The collaboration aims to bring Hedera-based gaming apps to mobile users in Southeast Asia through TBH’s decentralized app store Onewave. OneWave is integrated into local telecommunications platforms in Indonesia and the Philippines and is expected to land on 169 million users with built-in Web3 rewards and OnChain verification.
Meanwhile, in mid-June, the SEC began a formal review of the Canary HBAR ETF, which will directly access HBAR through regulated investment vehicles. Public comment periods are now open before the SEC July 7 deadline. If approved, ETFs could catalyse wider institutional access and further legitimize HBAR’s role in the capital markets – although regulatory scrutiny remains high and analysts still have differences on long-term symbolic utilities.
Technical analysis highlight
- HBAR trades between 19:00 UTC on June 29 and 18:59 UTC on June 30 from $0.1478 to $0.1538.
- A strong breakthrough occurred within 22:00 hours on June 29, with prices soaring to $115.4 million at $115.4 million.
- The main support between 14:00–15:00 UTC on June 30 was $0.148 and 80.6 million units were traded.
- From 18:00–18:59 UTC on June 30, HBAR showed a V-shaped recovery, dropping to $0.149 before rebounding.
- In the 18:20–218:21 UTC window on June 30, the price stabilized in the $1.3 million range, with short-term support of $0.149.
- As of 19:56 UTC on June 30, HBAR traded at $0.1519, up 2.1% on the day with a resistance of $0.1538.
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