While Bitcoin (BTC) & Ethereum (ETH) continues to struggle keeping above their psychological thresholds, the Depository Trust & Clearing Corporation’s (DTCC) integration with Stellar (XLM) confirmed something seasoned analysts suspected – utility-driven altcoins are now proving their worth on an institutional level.
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In spite of Hedera’s HBAR coin grasping a key trend-line in today’s 12% rally, the popular DLT altcoin’s technical setup remains conflicted. To assess whether this is a bull trap or a sustainable rebound rally, DailyCoin’s research team dug into the real-time on-chain metrics on several time-frames.
HBAR’s SuperTrend Meter Turns Bullish, But..
With HBAR presently trading at $0.093, this puts the OG altcoin slightly above the mid-tier Bollinger Band (BOLL), colored in blue in the chart below. However, swing traders must remain cautious with the Chaikin Money Flow (CMF) flashing negative figures, as crypto whales might be dominated by sellers.
On the other hand, Hedera’s native crypto just flipped bullish on the SuperTrend indicator, now flashing green after nearly two weeks of a continuous bearish trend. Additionally, the True Strength Index (TSI) is showcasing a similar pattern, with one of the oscillators flipping back to positive figures today. If HBAR sustains above the highest-tier Bollinger Band at $0.094, bulls would see confirmation in both of the oscillations in the True Strength Index hovering above 0.
Why Numbers Don’t Tell The Full Story Yet
Another key indicator is Hedera Hashgraph’s growth in terms of DeFi. Right now, Hedera’s DeFi ecosystem combines a total value locked (TVL) of $107.18 million, according to DefiLlama’s data. With HBAR’s market cap now scorching past $4 billion, the TVL may have some catching up to do as numerous enterprise-grade custodians are prepared to deploy assets.
For one, RedSwan is tokenizing beyond $5 billion in commercial real-estate offerings, while Avery Dennison, a global materials science & digital identification solutions company, is tracking a whopping 30 billion tokenized products via the Hedera Consensus Service.
This type of utility overshadows a single-handed breaking headline rally, as utility becomes the hot topic of 2026.
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HBAR is riding a strong utility-based rally. Real enterprise adoption (tokenization, supply chain, and big corporate pilots) is finally getting rewarded as investors rotate into projects with actual usage instead of pure hype.
HBAR has broken above the mid-tier Bollinger Band at $0.092. The next major test is holding above the Red-Label Bollinger Band at $0.094. Sustaining above this level would strengthen the bullish case significantly.
That’s the big question right now. The SuperTrend turning bullish is encouraging, but the still-negative CMF creates a mixed signal. If HBAR fails to hold $0.094 and falls back below $0.092, it could trigger a quick pullback.
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