HBAR Gains 2.4% From Major Support as Axelar Integration Drives DeFi Activity

Why It Matters

The Axelar integration could unlock broader DeFi liquidity for Hedera, positioning HBAR for a potential rally despite a bearish macro trend, and signaling increased cross‑chain interoperability that may attract institutional capital.

Summary

HBAR rose 2.4% to $0.144 on Tuesday, buoyed by a 59% surge in trading volume after Hedera’s integration with Axelar, which links the network to more than 60 blockchains and expands DeFi access. The price gain was anchored by short‑term buying support at $0.1410, though the token still lagged the CD5 crypto index by 1.64% and remains below key moving averages, with the 20‑day EMA at $0.155 acting as near‑term resistance. Technical charts show a descending channel on the 24‑hour frame but an emerging 60‑minute ascending pattern, suggesting a possible reversal if volume stays strong. Traders will watch whether cross‑chain liquidity from Axelar can sustain a breakout above the $0.1450‑$0.1555 resistance zone.