- Hedera partners with GBBC to boost global blockchain adoption and engage governments and enterprises.
- CME Group introduces real-time HBAR price feeds, giving traders faster, more informed data for decision-making.
- Technical indicators show HBAR near oversold levels, suggesting possible short-term price fluctuations amid a downtrend.
Hedera Hashgraph is proud to welcome GBBC (@GBBC_io), the Global Blockchain Business Council, as a strategic partner of its governing council. GBBC, the world’s largest nonprofit for blockchain, digital assets, and emerging technologies, brings unmatched expertise in advocacy, policy, and industry leadership. This partnership enhances Hedera’s ability to engage governments, enterprises, and industry bodies globally.
By joining forces, Hedera and GBBC aim to accelerate the adoption of distributed ledger technologies worldwide. The collaboration strengthens cross-industry engagement, fosters innovation, and promotes responsible blockchain development. Together, they are poised to build a more connected, sustainable, and influential blockchain ecosystem for the future.
Also Read: Hedera (HBAR) Faces Short-Term Pressure but Long-Term Bulls Eye $2
CME Group Expands Crypto Offerings with HBAR Feed
However, the data from the Hedera Foundation revealed that CME Group, the largest derivatives exchange in the world, will start providing real-time price feeds for the Hedera (HBAR) token from December 29. This will enable traders to make instant decisions based on up-to-the-minute data. This news also showcases the institutional adoption of HBAR and its increasing significance in the crypto industry.
Hedera’s reputation for its speedy and energy-efficient blockchain and high-quality applications might get an even stronger stamp of legitimacy through this reliable pricing feed service by CME. The prices streamed in real-time by institutions like CME could very well appeal to both institutional and retail investors to get involved in HBAR trading.
HBAR Technical Indicators Suggest a Cautious Outlook
Technically, the price represents a clear downtrend with decreasing value from approximately $0.21 in early November to $0.115. There are attempts to correct with a number of short-lived recoveries that could not overcome past resistance levels, while a horizontal green line signifying $0.19145 represents a previous support level that has been converted to resistance.
Source: TradingView
The technical indicators offer additional information regarding market momentum. The RSI is approximately 31.39, which is close to an oversold area, and it should experience a temporary relief rally. The MACD indicates a negative histogram and the MACD line that is slightly below its signal line, which confirms that the trend is bearish and that caution should be exercised for buyers in this area.
Also Read: HBAR Sets Up for $0.39 Rally as Hedera Drives Real Estate Tokenization
