Hedera (HBAR) price has drawn renewed market attention following an IBM Cloud development involving Hedera-based identity infrastructure. The rally also brought increased leverage and social activity, while analysts highlighted a bullish higher-time-frame structure. Traders are now watching whether HBAR can sustain its breakout and defend key support zones.
HBAR Rally Came Days After IBM Development
HBAR posted a sharp 27% gain on September 28, but Santiment Intelligence data indicates the move did not immediately follow the IBM-related announcement often credited for the breakout. The Hashgraph Group announced on September 23 that its Hedera-based IDTrust platform had been listed on the IBM Cloud Catalog. HBAR instead closed that day roughly 9% lower and remained more than 3% below its September 22 close through September 27.
Source: Santiment Intelligence’s X Post
The IBM development nevertheless represents a notable enterprise milestone for Hedera. IDTrust provides decentralized identity infrastructure for people, devices, and AI agents, while the listing gives IBM enterprise customers a direct route to access the solution through its cloud marketplace. The Hashgraph Group also received IBM Silver Partner status and signed a global Embedded Solution Agreement covering IBM Cloud and AI technologies.
Also Read: HBAR Price Eyes Recovery as Hedera Activity Strengthens
Leverage Builds as HBAR Breaks Higher
Santiment’s data shows that the September 28 rally arrived alongside a significant expansion in derivatives positioning. Coin-denominated open interest increased 47% to nearly 1.2 billion HBAR, reaching a one-year high. Approximately 385 million HBAR were added in a single day, nearly three times larger than any other daily increase recorded during the year.
The difference becomes larger when open interest is measured in dollars, where the increase was approximately 87%. Santiment noted that the larger dollar figure was partly caused by HBAR’s price appreciation, making the 47% rise in HBAR-denominated open interest a clearer measure of the additional leverage entering the market. Social volume also climbed to roughly 4.8 times its September 1–25 weekday average.
HBAR Technical Structure Faces Key Levels
HBAR closed September 28 near $0.1219 after reaching an intraday high around $0.131. The rally pushed the token above the $0.1098 area, which had acted as a significant historical resistance level. However, the move was followed by profit-taking, with the Crypto Patel reporting HBAR near $0.103 on September 30 after a sharp daily decline.
The latest structure leaves $0.10–$0.101 as an important nearby support area, while $0.11 represents a key pivot around the previous breakout zone. Resistance remains concentrated around $0.12–$0.13, with the latter corresponding closely to the recent rally high. Technical readings also show stretched momentum, with recent analysis placing the daily RSI around the overbought region following the sharp advance.
HBAR Recovery Setup Highlights a Recovery to $1
Crypto analyst Crypto Patel described HBAR as being in a higher-time-frame bullish structure after its recovery from the accumulation area he previously identified around $0.07–$0.06. He highlighted a potential reaccumulation zone between $0.09 and $0.07 and listed $0.15, $0.33, $0.50, and $1 as macro targets.
Source: Crypto Patel’s X Post
The $1 level remains an analyst projection rather than an established market outcome. Patel’s broader thesis depends on HBAR sustaining its higher-time-frame structure and maintaining the breakout above the descending trendline. Recent price rejection and elevated leverage make confirmation around key support and resistance levels particularly relevant to that view.
What Happens Next for HBAR?
The next phase will depend on whether HBAR stabilizes after its sharp rally and whether the $0.10 area attracts buyers. A sustained move above $0.11 would keep the breakout structure intact, while weakness below $0.10 could expose lower support. The IBM Cloud listing remains a fundamental catalyst, alongside enterprise adoption and Hedera network activity.
Santiment’s timing data shows that HBAR’s largest price and leverage reaction occurred several days after the IBM announcement. The September 28 breakout also brought sharply higher open interest and social activity. Going forward, the $0.10–$0.11 support zone and $0.12–$0.13 resistance area provide important reference levels as traders assess whether momentum can continue.
Also Read: HBAR Price Approaches $0.11 as Open Interest Rises and Hedera Highlights Institutional Liquidity
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