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Hedera (HBAR) has experienced a significant 29.8% price rally over 24 hours, driven by an 80% surge in open interest and a 718% increase in daily trading volume to $619.5 million. This bullish momentum coincides with the validation of the Hashgraph Group's IDTrust platform on the IBM Cloud Catalog. Technical analysis indicates that HBAR has breached key resistance levels, suggesting a potential bullish recovery, though traders are advised to watch for profit-taking near the $0.105 to $0.128 supply zone.
Hedera has rallied 29.8% in the past 24 hours, with an Open Interest spike of over 80% in a day. Its daily trading volume was $619.5 million, a 718% increase day-on-day, according to CoinMarketCap data.
On the 23rd of September, The Hashgraph Group announced that its IDTrust self-sovereign identity platform had been validated and officially listed on the IBM Cloud Catalog. It can be argued that these news events came alongside a Hedera uptrend. The downtrend on the daily timeframe stretched back to September 2025. A lower high at $0.0745 made in July was breached in August.
In recent weeks, the same level was retested as support before the price moved even higher. It has now surpassed the $0.107 swing level from February, a strong sign that a bullish recovery is underway.bullish swing structure from late 2024, and the extended downtrend since 2025 was part of the retracement. The 78.6% Fibonacci retracement level at $0.118 was being challenged.
Moreover, the $0.105-$0.128 area represented a supply zone from November 2025. If these resistances are breached, the odds of an HBAR recovery would dramatically increase. The recent 4-hour session’s trading volume was extraordinary, matched in magnitude only by the October 2025 crash. Such high-volume price spikes into a long-term supply zone can be a good area to take profits at.
Swing traders and investors can wait for a pullback to $0.10 to buy. Alternatively, they can also seek to re-enter the long side after a breakout past the $0.128 weekly resistance level. Hedera has smashed aside local resistance levels and challenged February highs with its high-volume price surge. The extremely high volume and overbought momentum indicators on the 4-hour chart cautioned that profit-taking and buying the pullback could be a viable strategy.
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