Hedera Expands Into the UAE With Decentralized ID Partnership as HBAR Holds Key Support

Hedera Hashgraph is deepening its footprint in Asia and the Middle East through a new partnership with the United Arab Emirates to develop decentralized digital identity solutions, a step that highlights the project’s growing enterprise adoption even as its token, HBAR, tests a critical support level.

HBAR Faces Pressure but Finds a Floor

After last week’s market-wide pullback, HBAR has remained resilient, hovering near a key technical support zone. The token briefly dipped to around $0.075 during the flash crash before rebounding sharply above $0.20, suggesting strong buying interest at lower levels.

Since then, prices have steadied near $0.15, a zone that has repeatedly served as a base over recent months. Analysts note that if HBAR maintains this support, it could set the stage for another upward move toward $0.75, particularly if broader market sentiment improves. However, a break below current levels could open the door to further downside toward $0.10.

Despite short-term volatility, the broader trend still points to long-term accumulation. Technical analysts highlight a flag formation on higher timeframes, a pattern often viewed as a bullish continuation signal that could precede a major breakout once market momentum returns.

Network Usage Surges Amid Broader Market Weakness

While traders remain cautious, on-chain activity on Hedera continues to strengthen. The network recently recorded over 1.78 million transactions in a single day, one of its highest daily totals to date, reflecting a surge in real-world adoption.

Transaction volumes across Hedera’s services have climbed nearly twentyfold compared to typical levels, with current daily averages exceeding 800,000, an 8% increase week over week. Over the past quarter, the network processed roughly 53 million transactions, highlighting consistent engagement from both enterprise and decentralized applications.