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Hedera (HBAR) is showing signs of weakness after dropping 4% on Thursday. Its market cap is now hovering close to the $8 billion mark.

HBAR has struggled to break free from a two-month downtrend, with its price stuck under the $0.20 resistance level. Although the altcoin is attempting to bounce back, broader market conditions and a lack of investor confidence have hindered its efforts.

Either chain's integration to SWIFT ecosystem would open doors to a gigantic $150T market & instant bank payments.

The crypto market begins to recover while several rising altcoin values emerge. Bitcoin maintains its position at $88K, while Ethereum prices approach $2K, which shows potential for ongoing bullish momentum.

Hedera's HBAR has steadily increased in value over the past few days as broader market activity gains momentum. Currently trading at $0.19, the token's price is up 4% over the past week.

Hedera (HBAR) is up nearly 5% in the last 24 hours as it attempts to break above the $0.20 mark for the first time in 2 weeks. The recent price rally comes amid improving technical signals that hint at a potential shift in trend.

Hedera has struggled since early March, losing approximately 10% on its monthly chart. While the downtrend signaled bearish trends, HBAR's price settled at a crucial demand territory. As Hedera prices sit at a vital demand and support area, enthusiasts watch for potential buyer resurgence, which could trigger notable bounce-backs.

HBAR has faced support at a key demand zone. Will the bulls defend amid the prevailing bearish pressure?

HBAR has experienced a consistent decline, and the price continues to move downward despite traders' optimism for a potential recovery. The altcoin, which has faced downward pressure in recent weeks, has not yet found a solid support floor.

Hedera (HBAR) has been trading below the $0.20 mark for the past week. The persistent downtrend has kept the token under pressure, as both technical indicators and price action suggest a cautious market environment.

The three year-hiatus from the $0.55 checkmark could be done & over with if HBAR ETF comes in effect.

HBAR, the native crypto token of the Hedera network, has recently attempted a recovery rally, but the price lacks the support needed to maintain its upward momentum.

​​Hedera remains under heavy pressure, marking yet another day of decline as traders continue to bet against the altcoin. It trades at $0.18 at press time, noting a 2% price drop over the past 24 hours.

HBAR has recorded its first spot inflow in the past seven days, attracting $1.5 million in fresh capital.

Here is how some of your favorite assets concluded the week.

The crypto market today held steady as investors remained optimistic that the worst is now behind us. This hope rose after stocks and crypto prices surged on Friday, with the top three US indices like the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%.

Hedera (HBAR) has been experiencing a continued downtrend in price despite the broader market showing a bullish macro outlook. However, the short-term market conditions indicate that HBAR could face further declines in the coming days.

Hedera (HBAR) has dropped nearly 20% in the past seven days, but in the last 24 hours, it has rebounded by almost 5%, signaling a potential trend shift. While the broader trend remains bearish, key indicators suggest that buying pressure is increasing, and a reversal could be forming.

Bitcoin (BTC) bounced from $76,606 on March 11, but the bulls could not sustain the price above $84,500 on March 12. Nansen principal research analyst Aurelie Barthere told Cointelegraph that Bitcoin is in a macro correction in a bull market, with the next crucial level being “$71,000-$72,000, top of the pre-election trading range.

The SEC acknowledged Nasdaq's filing for Grayscale's HBAR Trust ETF, signaling growing institutional interest in Hedera and potentially paving the way for broader adoption of regulated crypto investment products. The post SEC Acknowledges Nasdaq Filing for Grayscale's HBAR Trust ETF appeared first on Cryptonews.

Avalanche (AVAX) was also a top performer, rising 4.2% from Tuesday.

The United States Securities and Exchange Commission has officially acknowledged Nasdaq's proposal to list and trade shares of the Grayscale Hedera Trust.

The cryptocurrency industry stabilised on Wednesday morning as some investors moved in and bought the dip. Banana Gun (BANANA) rose by over 42% to $15.7, bringing the seven day gains to 10%. Onyxcoin (XCN) token jumped by 17.15% to $0.01352, while Hedera Hashgraph (HBAR) jumped by 7% to $0.20.

On March 11, the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale's proposal to list its Hedera ETF on Nasdaq.