Keynote
Grayscale added HBAR to the Smart Contract Platform Fund with a 5.8% allocation, replacing Polka Dot in the third quarter rebalance. The HBAR exceeded resistance level of $0.17, taking up the highest daily closure position since June 12th.
Hedera
hbar
$0.17
24-hour volatility:
6.5%
Market Cap:
$7.28 b
Vol. 24H:
$251.45 m
Prices rose more than 5% on Tuesday, July 9th, building momentum from Grayscale’s recent announcement, adding tokens to the smart contract platform fund. The continuous price surge two days after the first news highlights the sustained investor interest in HBAR’s institutional inclusion along with Ethereum
ETH
$2739
24-hour volatility:
4.8%
Market Cap:
$330.17 b
Vol. 24H:
$20.30 b
Solana
Sol
$155.3
24-hour volatility:
1.9%
Market Cap:
$83.16 b
Vol. 24H:
$4.81 b
Cardano
Ada
$0.62
24-hour volatility:
4.2%
Market Cap:
$22.19 b
Vol. 24H:
$727.97 m
sui
sui
$3.01
24-hour volatility:
3.3%
Market Cap:
$10.38 b
Vol. 24H:
$566.24 m
exchange of polka dots
dot
$3.57
24-hour volatility:
3.3%
Market Cap:
$5.42 b
Vol. 24H:
$192.53 m
Rebalance for the third quarter.
According to the updated Grayscale GSC Fund allocation, HBAR currently weighs around 5.8% of the fund, with over 18.57% of Cardano and over 6.76% of the Avalanche. Ethereum and Solana dominate at over 30% each, establishing HBAR’s position in facility conversations.
Each quarter, rebalance and update the components of multi-asset fund grayscale defifunds, grayscale smart contract funds, and grayscale decentralized AI funds.
Read the Q3 update 🧵pic.twitter.com/dessvwpq1j
– Grayscale (@grayscale) July 7, 2025
Following this news, HBAR prices exceeded $0.17, positioning them as the highest daily closure since June 12th. An RSI read of 62.04 indicates potential overheating and ensures that attention is paid as a key resistance with a price of $0.18.
HBAR Technical Analysis: Double Bottom Pattern Eyes $0.28 Goal
The HBAR Daily Price Chart shows a classic double bottom inversion pattern, costing $0.13 in mid-April and late June. This bullish setup suggests a 60% breakout when seen close above a neckline resistance of nearly $0.22.
HBAR Price Prediction | Source: TradingView
If the Bulls manage a critical closure above $0.18, technical forecasts from the double bottom pattern set the next major target at $0.28, coinciding with previous rejections in March.
However, if you don’t break $0.18, the integration could potentially return to $0.15 due to strong support from both EMA and Bollinger midbands.
Solaxy: Solana Layer 2 is catching eye from Hbar Bulls
As HBAR surges thanks to the facility’s tailbone, investors are exploring early-stage opportunities with Solana’s first layer 2 solution, Solaxy. Solaxy is designed for endless scalability and blends the infrastructure of Meme Appeal and Real Layer 2, making it attractive for both retail and corporate traders.
Currently, $Solx Token offers 71% staking APY, attracting attention from HBAR holders and solana holders, seeking early exposure to the next L2 breakout. Please visit the official pre-sale page to protect $solx before launch.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
Ibrahim Ajibade is a veteran research analyst with a background in supporting a variety of Web3 startups and financial organizations. He holds a bachelor’s degree in economics and currently holds a master’s degree in blockchain and distributes ledger technology at the University of Malta.
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