Hedera’s native token HBAR has climbed 5% over the past week, driven by increased investor demand and a broader uptick in altcoin activity.
However, despite the short-term rally, technical indicators now suggest the momentum is losing steam, signaling a potential pullback in the days ahead.
HBAR’s Short-Term Rally Threatened by Weakening Bullish Pressure
An assessment of the HBAR/USD one-day chart shows the altcoin currently testing a break below its 20-day Exponential Moving Average (EMA). HBAR currently exchanges hands at $0.155, trading above this key moving average, forming dynamic support at $0.153.
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent price changes. When an asset’s price is poised to break below its 20-day EMA, it signals weakening short-term momentum.
HBAR’s eventual decline below this key moving average confirms that selling pressure has outweighed buying activity. If no strong buying interest emerges, the asset could enter a corrective phase or even start a new downtrend.
Moreover, readings from the altcoin’s Elder-Ray Index indicator support this bearish outlook. Over the past three trading sessions, the green bars that make up the indicator have seen their sizes shrink. This contraction reflects fading bullish conviction, reinforcing the risk of a near-term reversal.
The indicator gauges the strength of bulls and bears in the market. When it prints green histogram bars, it indicates strong buyer dominance and rising upward momentum.
However, when these bars contract like this, it signals a dip in token accumulation, which is the case with HBAR.
HBAR’s Fragile Gains Under Threat
These trends suggest that HBAR could struggle to maintain its gains unless fresh buying momentum returns. In the meantime, it could see a retrace. If selloffs spike, HBAR’s price could fall to $0.141.
If bearish pressure strengthens at this support level, the token’s price could plunge to $0.124.
Conversely, a resurgence in new demand for HBAR could invalidate this bearish outlook. If new buyers enter the market, they could propel the altcoin’s value above $0.162.
A group of pro-crypto Senate Democrats introduced an amendment to the GENIUS Act that is widely expected to fail—on purpose.
The move appears designed to look like opposition while actually helping the stablecoin bill pass. This largely ceremonial opposition will allow Democrats to save face on a potentially unpopular move.
What’s Happening with the GENIUS ACT?
The GENIUS Act, a major bill to regulate stablecoins, has stirred controversy. Critics worry it could enable corruption or destabilize the financial system. Despite those concerns, the bill retains modest bipartisan support and is advancing in the Senate.
Recently, according to multiple reports, Democrats introduced an amendment—the End Crypto Corruption Act—that allows the bill to proceed to a vote, even if the amendment fails.
This unusual strategy prevents Democrats from using a filibuster to block the GENIUS Act, clearing a key legislative hurdle.
In effect, this lets Democrats claim they tried to strengthen the bill without actually stopping it from passing. One source dubbed the move “Schumer 101.”
The reference is based on Senate Majority Leader Chuck Schumer’s past use of similar procedural tactics to prevent a government shutdown.
“The [GENIUS Act] as it currently stands still has numerous issues that must be addressed. While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor,” a joint statement from the amendment’s Democratic supporters read.
Why This Matters
The amendment is symbolic. It won’t pass, but it gives cover to pro-crypto Democrats who don’t want to publicly back the GENIUS Act outright.
Also, it neutralizes the filibuster threat. A filibuster is a procedural tactic used in the US Senate to delay or block a vote on a bill or nomination. By introducing this amendment via a cloture vote, Democrats can’t later use the filibuster to block the bill.
Most importantly, it ensures forward momentum. Even with some public opposition, the GENIUS Act can now reach a vote and likely pass.
Recently, Rep. Maxine Waters led a Democratic boycott of a crypto policy hearing.
The vote for the GENIUS Act’s final fate will take place sometime next week, and a few Democrats still vocally oppose it. Nothing is necessarily guaranteed; Republican defectors may get cold feet.
Still, currently, its chances look very good. Stablecoin regulation in the US may be on the verge of major success.
Trump’s White House advisor, Bo Hines, revealed a running global race for Bitcoin (BTC) accumulation, articulating the US government’s determination to win.
These remarks come barely two weeks after he revealed how the country would fund a Bitcoin reserve.
US Accelerates Bitcoin Reserve Plans, Bo Hines Reveals
Hines made these remarks in a recent interview, detailing how the US aims to capitalize on the scarcity of Bitcoin. Further, he believes Bitcoin’s decentralized origins and growing adoption give it longevity.
Based on these, Bo Hines and the US government appreciate the need for quick action so that other nations do not front-run it.
“I think there is a sort of space race as it pertains to the accumulation of this asset,” Hines stated.
Referring to Bitcoin as the “digital gold,” the US Digital Assets Advisory Council leader said the government is expediting its plans for a Strategic Bitcoin Reserve. Trump’s administration is working with the US Treasury Department, led by Scott Bessent, to audit existing Bitcoin holdings as part of these plans.
Reportedly, once the audit is complete, they will develop Bitcoin acquisition methods that are “budget-neutral.”
Bo Hines also articulated that these methods would constitute multiple strategies, ensuring the most practical and efficient approach.
“The goal is to begin the accumulation process as quickly as possible, with initial steps prioritized for speed and scalability,” he added.
In hindsight, Bo Hines recently revealed that the Trump administration was considering using tariff revenues to fund a national Bitcoin reserve. As BeInCrypto reported, he also cited the need for the US to act swiftly amid global competition for Bitcoin accumulation.
“SBR [Strategic Bitcoin Reserve] recognizes the value of what Bitcoin is and how it can be harnessed for the American people. There is a finite number of Bitcoin and I think there will end up being a race to accumulate,” Hines stated.
Trump’s 100 Days In Office
Meanwhile, Bo Hines’s remarks came as the US observed President Trump’s 100 days in office. Hines indicated that their early actions, including a sweeping executive order signed in the first week, set the tone for a new digital asset agenda.
Along with this order, Trump established an interagency working group while at the same time ending Operation Choke Point 2.0. It also commissioned regulatory reversals, including terminating key lawsuits and banking legislations, effectively making the runway easier for crypto firms.
Before August, he also revealed the White House’s plans for stablecoin and market structure legislation for the President’s approval. An imminent report will detail the implementation of these structures.
Ahead of all these plans, the Senate will vote on the Genius Act, which, if passed, could create a better stablecoin regulatory framework in the US.
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