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

- HBAR has gained 2.4% from a major support level, attributed to increased DeFi activity driven by its integration with Axelar. This surge in volume indicates a validation of the token's advance, despite its recent underperformance compared to the broader crypto market rally.
- The positive movement in HBAR's price is significant for Hedera, as it reflects a potential recovery from previous liquidity concerns and price declines that had seen the token drop below critical support levels in recent trading sessions.
- This development highlights the volatility within the cryptocurrency market, where HBAR's recent gains contrast sharply with its earlier struggles, including significant drops driven by institutional selling pressure and liquidity alarms, underscoring the challenges faced by many tokens in maintaining stability.
— via World Pulse Now AI Editorial System







