Recent institutional achievements have led to a noticeable increase in the value of the HBAR token on the Hedera network. Participation in the DTCC list and Archax's expansion provide new opportunities for further growth.
Impact of DTCC on HBAR
The HBAR token has significantly strengthened its market position following its inclusion in the Depository Trust & Clearing Corporation (DTCC) list. This event has enhanced Hedera's visibility in traditional financial circles, opening up opportunities for institutional investors. This inclusion greatly increases the chances for broader adoption of the token in institutional portfolios.
Archax Expansion on Hedera
Archax's services are also contributing to the improved functionality of Hedera. The launch of Pool Tokens on the platform enhances the ability to create and manage diversified portfolios. This innovation not only supports asset restructuring but also boosts Hedera's compliance with strict regulatory standards.
Technical Analysis and Forecasts
HBAR has completed a cup-and-handle formation, often seen as a bullish signal for further price increases. The key resistance level is at $0.268, followed by a more significant barrier at $0.305. If these levels are surpassed, HBAR may target $0.36 and $0.40, while the long-term goal remains $0.50. To maintain a positive trend, it's important to hold above the $0.22 mark.
With strong institutional foundations and a positive technical outlook, the price of HBAR seems poised for continued growth. The combination of DTCC inclusion and Archax expansion highlights the token's appeal among institutional investors and its functionality in the market for tokenized portfolios.
