Hedera (HBAR) Price Today – $HBAR Loses 10% Over the Weekend While PlutoChain Attracts Whale Attention – HBAR News Today

Hedera (HBAR) has faced a tough week, dropping 10% over the weekend and struggling to regain momentum.

While the price has slightly recovered, technical indicators suggest uncertainty, with HBAR needing a breakout above $0.248 to turn bullish.

At the same time, PlutoChain ($PLUTO) is attracting attention as a potential Layer-2 solution for Bitcoin’s speed and high gas-fee issues. By processing block times in two seconds and supporting Ethereum-based applications, it could improve Bitcoin’s efficiency. 

Here’s all you need to know. 

Could HBAR Recover From a Recent Drop in Price?

HBAR is currently trading at around $0.2217 and has had a minor drop of 0.5% in the last 24 hours while its 7-day overview shows a 6.1% drop according to CoinGecko.

Hedera has seen a small rebound, but its technical indicators still show weakness. The Average Directional Index (ADX), which tracks trend strength, has dropped from 28.9 to 23 in the past three days. 

With the ADX and RSI now both on 35, Hedera’s downtrend has lost stream. This could mean the selling pressure is easing, and that a clear reversal of trends has come.

For HBAR to turn bullish, it needs to break above $0.248. If it does, the next target would be $0.32, a 46% jump.

Crypto analyst and content creator, ALLINCRYPTO, posted on X that he believes Hedera is going to go to $0.50 before possibly reaching $2. 

Could PlutoChain ($PLUTO) Help Bitcoin Overcome Its Biggest Challenges?

Bitcoin has long struggled with slow transactions, high fees, and network congestion. While blockchains like Ethereum and Solana have adopted solutions to improve scalability, Bitcoin’s infrastructure has remained largely unchanged. 

Some believe PlutoChain ($PLUTO), a Layer-2 network, could offer a way to enhance Bitcoin’s efficiency without modifying its core design.

One possible advantage of PlutoChain is speed. Bitcoin takes around 10 minutes to confirm a block, but PlutoChain finalizes blocks in just two seconds by processing them off-chain before finalizing them on Bitcoin’s network. 

If successful, this might make Bitcoin more practical for everyday use, international payments, and smaller transactions. Lower fees are another potential benefit—by handling transactions more efficiently, PlutoChain could make Bitcoin more accessible to users who want to avoid high costs.

PlutoChain also claims full Ethereum Virtual Machine (EVM) compatibility, which could allow Ethereum-based applications—like DeFi protocols, NFT marketplaces, and AI-driven platforms—to integrate with Bitcoin. If widely adopted, this could expand Bitcoin’s role beyond just a store of value.

Early tests suggest PlutoChain can handle high transaction volumes, reportedly processing over 43,000 transactions in a single day without issues. Security rema=

The platform also promotes decentralized governance, letting the community influence key decisions. While it’s still early, PlutoChain could be a step toward making Bitcoin more scalable and efficient in the future.

The Bottom Line

HBAR faces a tough path ahead, with technical indicators suggesting a lack of clear direction. For a bullish shift, it needs to break through resistance at $0.248, but if the downtrend continues, it may drop further.

PlutoChain, on the other hand, may have the potential to solve Bitcoin’s scalability issues. With faster transactions and lower fees, it could improve Bitcoin’s practicality, though its future impact is still uncertain.

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Alexander Stefanov