Assessing HBAR Price Action Amid New Record In Daily Transactions

Hedera Hashgraph (HBAR) continued its expansion in Asia with its latest collaboration with the UAE to deploy decentralized digital identities. However, the altcoin has been dropping in the last two days following a broader market crash.

While the crash is unusual for most cryptos, especially in the last quarter of the year, the charts could offer insights on where the price could head.

HBAR Price Prediction: What’s Next?

The 3-day chart of HBAR price indicated the altcoin was trading in the middle section of the falling trend channel. The bull flag pattern has been constraining the price since the last bull run, which lasted until late 2024. HBAR equaled the high of December 2024 in early 2025 and entered into this accumulation.

HBAR tested the $0.075 during last week’s flash crash but immediately rejected this massive drop by closing above $0.20. However, since then, its price action has continued to decline but appeared to be stabilizing at $0.15. The lower support of the channel acted as a key buy zone, being rejected three times after the price touched it.

In terms of prediction, HBAR price was bearish in outlook and thus could drop to $0.10. However, if the midsection held, HBAR could break above the upper resistance and end up beating the previous year’s high. The breakout could send HBAR price to $0.75 or higher if the general crypto market turned bullish.

The price action was bearish at the time, but the flag pattern is usually a bullish continuation for an uptrend. This indicated HBAR could trend higher as more metrics and developments around the chain aligned with this potential.

Hedera Network Activity Surge

Hedera network continued to have momentum in chain activity. HBAR network hit a daily record high in the past 30 days, where more than 1.78M transactions were processed on October 16th. Hedera’s real on-chain adoption was pushing these figures.

Additionally, Hedera network recorded massive transaction volumes using the crypto services. It had a 20-fold increase of the normally observed volumes. Newer statistics supported that claim by showing an hourly transaction volume of 20,033, which represents an increase of 9.0%.

The daily activity was approximately 826,269 to date, representing an 8% gain but a drop from its record highs. The weekly and monthly activity was almost 3,241,592 and 15,334,791, respectively.

In the past three months, cumulative new transactions were approximately 52,966,109. The intraday chart with strong green spikes proved that the level of crypto-service use was high.

The Hedera blockchain extended its reach in Asia with yet another real-world application.

Hedera to Deploy First DID in UAE

BEEAH Group and The Hashgraph Group signed a strategic agreement. This marked an initial step toward decentralized digital infrastructure to roll out one of the first Hedera-based digital identity (DID) solutions in the UAE.

The project was launched at Volante Tower in Dubai and uses the distributed ledger technology of Hedera to construct IDTrust. This is a self-sovereign identity platform within the Enterprise Accelerator Program of The Hashgraph Association.

BEEAH intended to implement IDTrust throughout its business initiatives in energy, real estate, environment, and healthcare. This would create a privacy-centered ecosystem of data management.

The partnership will result in positioning the UAE and the Middle East as a place of safe, enterprise-level identity systems. The action demonstrated the increasing role of Hedera in the establishment of trust, transparency, and sustainable Web3 innovation in the region.