HBAR, the native token of the Hedera network, is showing signs of stabilization at $0.15 following a surge in network activity and a strategic partnership in the UAE. On October 16th, Hedera processed over 1.78 million transactions, marking the highest daily activity in 30 days. This spike coincides with a new agreement between BEEAH Group and The Hashgraph Group to implement the UAE's first decentralized digital identity solutions using Hedera's technology.
Despite a recent two-day price decline due to a broader market downturn, HBAR's price action remains within a bullish flag formation on the 3D timeframe. Analysts suggest a potential breakout to $0.75 if the current support level holds, driven by the increased adoption and strategic developments in the network.
HBAR Stabilizes Amid Record Transactions and UAE Partnership
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