Hedera’s HBAR is testing bottom at the $0.08 support level on Wednesday, with developer activity soaring to levels not witnessed in months. This difference has led many seasoned cryptocurrency traders to believe that HBAR’s price rise will be reflected after Bitcoin (BTC)’s correction is complete.
HBAR faces a tremendous test at this level of support.
With major altcoins actively following Bitcoin (BTC) price movements over the past few weeks, this digital asset has reached around $64,000. For Hedera Hashgraph’s HBAR, the road has been rocky since the altcoin was rejected at nearly $0.10 on May 31, 2026.
Now, if the key demand bottom at $0.08 does not hold, the popular DLT altcoin could be heading for a retest of its quarterly lows at $0.072, last seen in mid-February 2026. In a bullish scenario, if HBAR’s price action becomes decoupled from broader risk-off market sentiment, a $0.10 retest could occur sooner than expected.
HBAR marks uncharted territory for RWA
Sometimes developments within the ecosystem can overshadow the general market sentiment. This is only possible if the volume numbers can support it. Hedera (HBAR) is seeing a surge in developer activity. Santiment Intelligence gave HBAR Network the highest score of 126.1 points, ahead of top ranked Chainlink (LINK) with 121.7 points.
Hedera appears primarily in the Real World Asset (RWA) market, which is dominated by Archax. This RWA platform offers token pools for financial giants such as BlackRock, State Street, Aberdeen, Legal & General. This is essentially a custom token on the HBAR network derived from a money market fund (MMF) from BlackRock or State Street.
Bullish HBAR divergence or technical fallout?
If there is development activity, wouldn’t it make sense for liquidity to appear? Judging by on-chain metrics, developer activity is not necessarily reflected in trading volume. It did not exceed $80 million on Wednesday, while peers with similar market capitalizations recorded hundreds of millions of dollars. This may have something to do with the indecision of HBAR investors.
With fear still high among retail investors, the Relative Strength Index (RSI) is midway between oversold and overbought. While the price of HBAR continues to remain above the lower Bollinger Band (BOLL) at $0.077, cryptocurrency whales are starting to believe that this could be a bottom. In other words, Chaikin Money Flow (CMF) is back in positive territory.
Conversely, Parabolic Stop & Reverse (SAR) is still flashing a blue dot above Hedera’s HBAR current price range, which constitutes a ‘sell’ signal. By recovering $0.084 every day, you can prove this technical tool wrong.
The next few days will be crucial in determining HBAR’s near-term price momentum as holders are hoping for an eventual price rally due to the accumulated wins in the Real World Assets (RWA) space. If on-chain statistics crash, a catalyst in the form of adoption or demand could potentially break this bearish cycle.
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This measures how actively the project team builds and updates the blockchain, such as code commits, new features, and upgrades on GitHub. High development activity generally indicates strong long-term potential.
Hedera recently took the top spot in developer activity metrics, beating out Stellar (XLM) and Chainlink (LINK). This makes HBAR one of the most actively developed projects in the TOP 50 today.
Strong developer engagement often leads to better technology, new partnerships, and real-world use cases. Many investors see this as a positive sign that HBAR could be staging a comeback.
It’s possible, but not guaranteed. HBAR has both fundamental and enterprise adoption (especially RWA), but it still needs strong market momentum and widespread cryptocurrency buying pressure to re-enter the top 10.
Key things to consider are continued high development activity, new corporate partnerships (particularly the RWA deal), and whether the price can break important resistance levels in significant volume.
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