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Hedera is catching attention after charting a double bottom formation on January 9, signaling potential technical recovery. The setup looks solid from a price action standpoint.
What's driving confidence: the network is rolling out its v0.68 mainnet upgrade on January 13, focused on boosting stability and improving node synchronization—exactly the kind of infrastructure work that typically supports bullish technicals. These upgrades tend to matter for long-term adoption and validator health.
On the institutional side, Canary Capital keeps adding to positions, suggesting the smart money isn't leaving the table. When you combine technical setup improvement with tangible network upgrades and steady institutional accumulation, you've got a narrative worth monitoring through this rally attempt.