Version

Test

Hedera

<ul>
 <li><strong>Hedera canceled its November 4 testnet upgrade without publicly identifying the reason or announcing a replacement date.</strong></li>
 <li><strong>Version 0.79 is associated with a broader transition to block streams, making deployment timing relevant to infrastructure operators.</strong></li>
 <li><strong>HBAR’s immediate recovery threshold sits near $0.07123, while a stronger reversal would require overcoming resistance around $0.08.</strong></li>
</ul>
<p><strong><a href="https://ethnews.com/guides/how-to-buy-hedera-hbar-buying-an-enterprise-focused-distributed-ledger-asset/" rel="noopener noreferrer nofollow">Hedera</a></strong> canceled its planned v0.79 testnet upgrade on November 2, 2026, interrupting a scheduled software rollout as HBAR trades near $0.07 following weeks of selling pressure.</p>
<p>The cancellation was recorded at 20:02 UTC in <strong><a href="https://status.hedera.com/history" rel="noopener noreferrer nofollow">Hedera’s official status history</a></strong>. The network operator provided no technical explanation or revised deployment date. <cite></cite></p>
<p>At the time of writing HBAR traded at $0.07014 on November 3, recovering modestly during the session while remaining near the lower boundary of a descending price channel.</p>
<p>The software change deserves attention beyond the maintenance cancellation itself. Version 0.79 is connected to a significant infrastructure transition affecting how Hedera distributes and verifies transaction records.</p>
<h2 id="why-v0-79-matters-beyond-routine-maintenance">Why v0.79 Matters Beyond Routine Maintenance</h2>
<p>Hedera has been preparing to replace its legacy record-stream architecture with block streams, a new format designed to consolidate transaction records, consensus events and state changes.</p>
<p><strong><a href="https://hedera.com/blog/block-streams-replace-the-record-stream-by-default/" rel="noopener noreferrer nofollow">According to Hedera’s technical guidance</a></strong>, the transition is scheduled to make block streams the canonical network output format during November 2026.</p>
<p>The change introduces network-aggregated threshold signatures, allowing downstream infrastructure to verify blocks without relying on the previous combination of separate record files and associated data streams.</p>
<p>That has practical consequences for exchanges, blockchain explorers and analytics providers operating their own mirror nodes.</p>
<p>Hedera advises those operators to deploy compatible mirror-node software, version 0.163.0 or later, before the transition. Systems that continue relying on incompatible ingestion infrastructure risk losing access to newly produced network records after the cutover. <cite></cite></p>
<p>The distinction is important: a failure to ingest new records could disrupt an exchange’s balance reconciliation or an analytics provider’s transaction monitoring without necessarily indicating that Hedera’s consensus network has stopped processing transactions.</p>
<p>The canceled testnet rollout could affect the time available for operators to validate those integrations, depending on when a replacement deployment occurs.</p>
<p>Hedera has not linked the cancellation to the block-stream migration or identified a specific software defect. The infrastructure implications are therefore operational considerations, not an established explanation for the decision.</p>
<h2 id="what-the-network-status-reveals">What the Network Status Reveals</h2>
<p>The official status dashboard lists Hedera’s testnet on v0.78.0, while the mainnet is running v0.78.2 following a successful October 28 deployment. <cite></cite></p>
<p>This establishes that the canceled maintenance concerns a planned testnet version change rather than a reported failure of the mainnet upgrade.</p>
<p>For infrastructure operators, the next useful announcement would contain a replacement testnet date, updated release notes or revised instructions for validating block-stream compatibility.</p>
<p>No verified public engineering statement reviewed for this article establishes the cause of the cancellation. Specific claims about bugs, security vulnerabilities or failed testing would be speculative.</p>
<h2 id="hbar-price-analysis-the-recovery-has-two-separate-hurdles">HBAR Price Analysis: The Recovery Has Two Separate Hurdles</h2>
<p><strong><a href="https://www.tradingview.com/chart/?symbol=COINBASE%3AHBARUSD" rel="noopener noreferrer nofollow">The daily HBAR/USD chart</a></strong> shows a descending channel extending from the October decline.</p>
<figure style="width: 100%" class="wp-caption aligncenter"><img src="https://ethnews.com/wp-content/uploads/2026/11/HBARUSD_2026-11-03_16-12-13-2-1024x798.webp" alt="Hedera (HBAR/USD) daily chart showing a descending price channel, Fibonacci retracement levels, 50-, 100-, and 200-day moving averages, and RSI approaching oversold territory." width="696" height="542">
 <figcaption>
  Hedera (HBAR) approaches a key Fibonacci support zone as its descending channel and weak RSI signal persistent selling pressure. Chart from Alexander Zdravkov via TradingView.
 </figcaption>
</figure>
<p>Rather than treating every resistance level as an independent target, the structure suggests two distinct tests.</p>
<p>The first is whether buyers can recover the nearby Fibonacci threshold and break the channel’s upper boundary. That would indicate improving short-term demand, but would still leave the broader bearish structure intact.</p>
<p>The second involves a cluster of longer-term moving averages and Fibonacci resistance, where previous buyers may look to exit positions.</p>
<div style="width: 100%; max-width: 100%; margin: 24px 0; font-family: Arial,Helvetica,sans-serif; color: #263548; box-sizing: border-box;">
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  <div style="font-size: 10px; font-weight: bold; letter-spacing: 1.1px; color: #8d7551; text-transform: uppercase;">
   HBAR / USD | Daily Chart
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  <div style="font-size: 17px; font-weight: bold; line-height: 1.4; margin-top: 5px;">
   Key Technical Price Levels
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  <div style="font-size: 12px; color: #738092; margin-top: 4px;">
   Resistance and support reference points
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 <div style="font-size: 10px; font-weight: bold; letter-spacing: 1px; color: #8a6b41; padding: 14px 0 5px;">
  RESISTANCE LEVELS
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   <div style="font-size: 13px; font-weight: bold;">
    0.886 Fibonacci
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   <div style="font-size: 11px; color: #718092; margin-top: 3px;">
    First recovery threshold
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  </div>
  <div style="font-size: 15px; font-weight: bold; white-space: nowrap;">
   $0.07123
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   <div style="font-size: 13px; font-weight: bold;">
    0.786 Fibonacci
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   <div style="font-size: 11px; color: #718092; margin-top: 3px;">
    Overhead supply zone
   </div>
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  <div style="font-size: 15px; font-weight: bold; white-space: nowrap;">
   $0.07796
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    100-day SMA
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   <div style="font-size: 11px; color: #718092; margin-top: 3px;">
    Intermediate trend barrier
   </div>
  </div>
  <div style="font-size: 15px; font-weight: bold; white-space: nowrap;">
   $0.07981
  </div>
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 <div style="display: flex; justify-content: space-between; align-items: center; gap: 12px; padding: 11px 0; border-bottom: 1px solid #e5e9ee;">
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   <div style="font-size: 13px; font-weight: bold;">
    200-day SMA
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   <div style="font-size: 11px; color: #718092; margin-top: 3px;">
    Long-term trend barrier
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  <div style="font-size: 15px; font-weight: bold; white-space: nowrap;">
   $0.08080
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  <div style="min-width: 0;">
   <div style="font-size: 13px; font-weight: bold;">
    50-day SMA
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   <div style="font-size: 11px; color: #718092; margin-top: 3px;">
    Higher recovery objective
   </div>
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  <div style="font-size: 15px; font-weight: bold; white-space: nowrap;">
   $0.08695
  </div>
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 <div style="font-size: 10px; font-weight: bold; letter-spacing: 1px; color: #8a6b41; padding: 15px 0 5px;">
  SUPPORT LEVEL
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   <div style="font-size: 13px; font-weight: bold;">
    August Swing Low
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   <div style="font-size: 11px; color: #718092; margin-top: 3px;">
    Major downside reference
   </div>
  </div>
  <div style="font-size: 15px; font-weight: bold; white-space: nowrap;">
   $0.06355
  </div>
 </div>
</div>
<p>The most consequential feature is the proximity of the 0.786 retracement to the 100-day and 200-day moving averages.</p>
<p>That concentration creates a resistance zone rather than a single price point. A move into the area could attract selling from traders seeking to exit positions after the prolonged decline.</p>
<p>A daily close above the cluster, followed by a successful retest, would provide stronger evidence of a structural recovery than an isolated rebound above the nearest Fibonacci level.</p>
<p>On the downside, losing the August swing-low reference would weaken the remaining historical support structure and increase the risk of a deeper decline.</p>
<h2 id="momentum-suggests-exhaustion-not-accumulation">Momentum Suggests Exhaustion, Not Accumulation</h2>
<p>The 14-day Relative Strength Index stands at 32.29, with its moving average at 34.32.</p>
<p>The gap indicates that short-term momentum remains weak despite HBAR approaching traditionally oversold conditions.</p>
<p>A useful confirmation would be a higher low in the RSI while price retests or marginally undercuts its recent low. That would indicate declining downside momentum, although it would still require price confirmation.</p>
<p>The chart does not establish such a divergence.</p>
<p>It also lacks volume profiles, exchange order-book depth, futures open interest and funding-rate data. Without those inputs, there is insufficient evidence to determine whether the recent decline reflects long-position liquidations, spot selling or deliberate accumulation.</p>
<p>The chart supports a bearish trend assessment, but not a conclusion about the positioning of institutional traders.</p>
<h2 id="the-next-test-is-operational-and-technical">The Next Test Is Operational and Technical</h2>
<p>Hedera’s next v0.79 announcement will matter most to developers and infrastructure providers preparing for the block-stream transition. Updated deployment instructions would clarify whether the November migration timetable remains achievable.</p>
<p>For HBAR traders, the immediate issue is whether price can regain its first resistance level and sustain a recovery through the moving-average cluster.</p>
<p>The two developments should be assessed independently. The cancellation has not been established as the cause of the selloff, and a rescheduled upgrade would not, by itself, confirm a bullish reversal.</p>
<p>The post <a href="https://ethnews.com/hedera-cancels-v0-79-upgrade-as-hbar-tests-critical-support/" rel="noopener noreferrer nofollow">Hedera Cancels v0.79 Upgrade as HBAR Tests Critical Support</a> appeared first on <a href="https://ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Hedera Cancels v0.79 Upgrade as HBAR Tests Critical Support

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