{"id":20431,"date":"2026-01-22T17:07:08","date_gmt":"2026-01-22T17:07:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-hbar-price-rebound-after-hederas-partnership-with-mclaren-racing\/"},"modified":"2026-01-22T17:07:19","modified_gmt":"2026-01-22T17:07:19","slug":"will-hbar-price-rebound-after-hederas-partnership-with-mclaren-racing","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-hbar-price-rebound-after-hederas-partnership-with-mclaren-racing\/","title":{"rendered":"Will HBAR price rebound after Hedera\u2019s partnership with McLaren Racing?"},"content":{"rendered":"
\n

HBAR price wavered at a crucial support level after Hedera announced a major multi-year partnership with McLaren Racing.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • HBAR price wavered after Hedera announced a major partnership with McLaren Racing.<\/li>\n
  • McLaren will use Hedera\u2019s network to launch NFTs.<\/li>\n
  • The token has formed a descending triangle pattern pointing to more downside.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Hedera (HBAR) was trading at $0.1080 on January 22, down 20% from its year-to-date high and 65% below its 2025 high.<\/p>\n

    Hedera partners with McLaren\u00a0<\/h2>\n

    HBAR price remained under pressure after Hedera announced a partnership with McLaren, which won the drivers\u2019 and constructors\u2019 championship in Formula 1 last year.<\/p>\n

    Hedera will become an official partner for its Formula 1 and IndyCar teams. It will also connect the real-world racing environments with Web3 infrastructure.<\/p>\n

    The first use case for the partnership will be a digital collectibles program released during F1 Grand Prix weekends. Hedera will also power Arrow McLaren\u2019s IndyCar digital collectibles for the upcoming season. In a statement, Hedera\u2019s Charles Adkins said:<\/p>\n

    \u201cWorking with one of the world\u2019s most recognized sports brands is a big step for the Hedera ecosystem. It gives us a chance to show what Web3 can look like when it\u2019s built on a network people can trust and tied to the experience fans actually want.<\/p>\n

    <\/p>\n

    It\u2019s a trend<\/h2>\n

    Hedera joins other layer-2 blockchain networks that have partnered with Formula 1 teams. Sui has partnered with Red Bull Oracle Racing, while Tezos partnered with McLaren.\u00a0<\/p>\n

    BlockDAG has also partnered with BWT Alpine. Other companies, such as OKX, Crypto.com, Binance, Coinbase, and Kraken, also spend heavily on Formula 1 marketing.<\/p>\n

    Meanwhile, Canary HBAR ETF has experienced robust inflows this month. It has added over $5.58 million this month, higher than the $3.6 million it added in December. Its cumulative inflows rose to $89 million, bringing the net assets to over $57 million.<\/p>\n

    However, Hedera\u2019s growth has stalled in the past few months, with the total value locked in its ecosystem falling to $62 million and the stablecoin market cap to $52 million.<\/p>\n

    HBAR price technical analysis\u00a0<\/h2>\n
    Hedera price chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the HBAR price has retreated in the past few months, moving from a high of $0.3046 in July last year to the current $0.1077.<\/p>\n

    It has remained below the 50-day and 100-day Exponential Moving Averages and the Ichimoku cloud indicator.\u00a0<\/p>\n

    The token has formed a descending triangle pattern whose lower side is at $0.1037. A descending triangle is a common bearish continuation sign.<\/p>\n

    Therefore, the most likely scenario is where it continues falling, potentially to the key support level at $0.08500. This view will be confirmed if it moves below the support at $0.1037.<\/p>\n

    On the other hand, a move above the descending trendline will invalidate the bearish outlook and point to more gains.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    HBAR price wavered at a crucial support level after Hedera announced a major multi-year partnership with McLaren Racing. Summary HBAR price wavered after Hedera announced a major partnership with McLaren…<\/p>\n","protected":false},"author":1,"featured_media":1425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20431"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20431\/revisions"}],"predecessor-version":[{"id":20432,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20431\/revisions\/20432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1425"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}