Hedera (HBAR) increased by 29.8% in the last 24 hours, reaching a level of $0.107. During the same period, the trading volume amounted to $619.5 million, representing a 718% increase compared to previous data. On September 23, the Hashgraph group announced that its self-sovereign identity platform IDTrust was confirmed and officially listed in the IBM Cloud catalog. Additionally, it became known that Hedera joined the UK Digital Markets Working Group, reinforcing the narrative of institutional adoption.
The recent price increase occurred against the backdrop of breaking through a stable level of $0.0745, which was established in July and tested in August as support. This level has now been exceeded, and the price continued to move upward. On the weekly chart, the bullish cycle structure of HBAR has been observed since the end of 2024, although the elongated trend from 2025 represents a retracement. The Fibonacci level at $0.118 is also included in the current analysis.
The resistance zone between $0.105 and $0.128 from the news in November 2025 is attracting traders' interest. Breaking through these resistances will increase the likelihood of HBAR's recovery. However, the high trading volume and strong overbought indicators on the 4-hour chart indicate increased volatility and correction risks.
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