The price of the HBAR token increased by more than 20% over the past 24 hours due to active trading and business news. During trading, the token reached $0.1306 before retreating to $0.118. Trading volume during this period exceeded $1.4 billion. On CoinGecko, HBAR was trading around $0.1178, up approximately 20% over the past day. Throughout the day, the price fluctuated between $0.09629 and $0.1306, with a market capitalization of approximately $5.16 billion. The price surge coincided with new corporate news about Hedera, including the addition of The Hashgraph Group's IDTrust platform to the IBM Cloud Catalog. IDTrust, a self-identification platform, is used to verify autonomous software, confirming that it is authorized to act on behalf of a person or business, thus helping enterprises adapt to new requirements. The Hashgraph Group stated that it has achieved IBM Silver Partner status and signed a global embedded solutions agreement covering IBM Cloud and AI technologies.
Crypto Patel, an analyst, views the $0.15 level as the first target, with the $0.07 mark invalidating his forecasts. His more aggressive scenario suggests the HBAR token could reach $1, but it requires maintaining the long-awaited level above $0.115 and overcoming sales that emerged below $0.13. Reminding that HBAR previously traded for less than $0.10, recent buyers sharply raised the price through this level and to $0.13. However, the recent retreat from $0.1306 shows that buyers have not yet managed to establish sustained trading above $0.13. A planned move above $0.13 would allow testing the daily high.
It is also worth noting that Hedera is actively adding projects outside of IBM. For example, on September 24, the Linux Foundation Decentralized Trust introduced CLPR, a new open lab developed by the Hashgraph team. This new messaging scheme between registered systems does not require intermediate validators, making it more efficient for integrating various blockchains. Current data shows that HBAR fluctuated at $0.1178, remaining more than 20% above the recent 24-hour low.
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