HBAR token rises 2.1% on ecosystem updates in AI, gaming, sustainability

From Yahoo Finance: 2025-06-30 16:21:00

Hedera’s HBAR token rose 2.1% to $0.1519 on June 30, following ecosystem updates expanding its enterprise reach in AI, gaming, and sustainability. Blockchain for Energy joined the Hedera Governing Council, bringing expertise in emissions reporting. Hedera also unveiled its AI Studio for decentralized AI-powered apps and partnered with TBH for gaming apps in Southeast Asia.

The U.S. SEC initiated a formal review of the Canary HBAR ETF offering direct exposure to HBAR. A public comment period is open until July 7. Despite potential institutional access and legitimacy in capital markets, regulatory scrutiny remains high. HBAR’s long-term utility is a subject of analyst debate.

Technical analysis shows HBAR trading in a range of $0.1478 to $0.1538 on June 29-30. A breakout occurred on June 29, with price surging to $0.154 on high volume. Major support formed at $0.148 on June 30, with a V-shaped recovery later in the day. As of 19:56 UTC on June 30, HBAR traded at $0.1519, up 2.1% for the day with resistance at $0.1538.

Read more: HBAR Climbs 2.1% as Traders Digest ETF Review, AI Launch, and Energy Governance Move