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Over the past few days, it has accelerated sharply. On the daily chart, the price rose from 0.06423 USDT to 0.13099 USDT, after which it pulled back to 0.1173 USDT.
At the same time, fresh developments around Hedera appeared across multiple directions: IBM, the identification of AI agents, and cross-network interaction.
First, a quick note about the #hedera itself
Hedera operates on the hashgraph consensus algorithm. The project was founded by Leemon Baird and Mance Harmon, and the mainnet went live on August 24, 2018. The network was initially focused on enterprise use and uses a governance model through the Hedera Council. (Hedera)
$HBAR is Hedera’s native cryptocurrency. It is used to pay for transactions on the network and participates in its coin-weighted Proof-of-Stake. (Hedera)
IBM joined the Hedera Governing Council back in 2019. So Hedera’s connection with IBM didn’t appear just now. The new development is the practical use of Hedera technology in The Hashgraph Group’s product. (Hedera)
On September 23, The Hashgraph Group announced a global partnership with IBM. The IDTrust platform went through validation and was listed in the IBM Cloud Catalog.
IDTrust is designed for the digital identification of people, devices, and AI agents. The platform uses Hedera DLT and supports decentralized identifiers and verifiable digital credentials.
Here it’s important not to mix up the companies: in the IBM Cloud Catalog, it’s exactly IDTrust from The Hashgraph Group that appeared, not HBAR itself. For Hedera, this expands the presence of the technology in IBM’s enterprise infrastructure. (Hashgraph Group)
The next news is directly related to Hedera infrastructure.
On September 24, Hedera handed CLPR, the Cross-Ledger Protocol, to the Linux Foundation Decentralized Trust as a new open-source lab.
CLPR was created by Hashgraph for cross-network interoperability without classic bridges. The protocol uses state proofs so that one distributed network can directly verify the state of another.
At the same time, Hashgraph launched the Cross-Ledger Early Adopter program. It looks at three areas: international payments and FX, cross-network settlement, and moving collateral. Participants are provided with a test environment to work with CLPR.
So, it turns out that the latest Hedera updates are not related only to the network itself. One track is developing around AI identification, and the second concerns connecting different distributed networks and financial operations between them.
Now, back to the HBAR chart.
On the daily timeframe, the price is currently around 0.11733 USDT. After the move from 0.06423, the maximum impulse reached 0.13099 USDT.
The daily volume is around 1.06 billion HBAR, or roughly 126 million USDT. At the same time, MA5 is about 2.05 billion HBAR, and MA10 is about 1.56 billion.
So the volume of the current move is high in absolute terms, but so far it is still below the averages of the last five and ten daily candles.
OBV is around 38.63 billion, which is above the MA7 by 33.54 billion and above the EMA7 by 34.44 billion.
On the daily chart, the SAR is positioned around 0.09185, and Supertrend is around 0.09407. Both indicators are below the current price. At the same time, the AVL is around 0.11931, slightly above the market.
On the 4H timeframe, the price is around 0.11732 USDT. AVL is 0.11908, Supertrend is 0.10838, and SAR is 0.10920.
Here the picture is mixed. The price is still below the AVL, but the SAR and Supertrend remain below the market.
The nearest resistance is around 0.12209 USDT. Then comes 0.12518, and the main high remains 0.13099 USDT.
Support on the 4H timeframe is around 0.11060 USDT. Below that is the 0.09912 USDT zone.
On the hourly chart, the price is around 0.11731 USDT, AVL is 0.11809, Supertrend is 0.11116, and the SAR is above the price at 0.12521.
The 15-minute chart shows an even shorter picture. The price is around 0.11745, almost exactly matching the AVL of 0.11742. At the same time, the SAR is at 0.12084, and the Supertrend is at 0.12269.
After the impulse, the price has not yet returned the SAR and Supertrend values that are above it on the lower timeframes.
Now I’m looking at futures.
Open interest first rose to roughly 528-529 million HBAR, and then fell to the 520-522 million HBAR area.
Binance’s best traders currently show a noticeable long bias. The ratio is about 1.72 by accounts and 2.27 by positions. This is an indicator for a specific category of Binance traders, not the entire futures market.
The overall Long/Short Ratio is around 1.46, meaning approximately 59% versus 41%.
Funding is currently positive, around +0.01000%. With this rate, longs pay shorts.
At the same time, taker volumes do not show sustained one-sided pressure. Near the end of the period being analyzed, there was a noticeable surge in sell activity, which coincided with the pullback of HBAR from 0.13099 to the current levels.
Now the levels I will be watching next.
0.119-0.121 USDT — the nearest return zone after the pullback.
0.12209 USDT is resistance on the 4H timeframe.
0.12518 USDT — the next daily level.
0.13099 USDT — the high of the current impulse.
On the downside are 0.11060, then 0.10821, and 0.09912 USDT.
Right now, the $HBAR is sitting between a strong impulse and the first serious correction. News from the last few days added new use cases to Hedera, but the chart itself has already come a long way in a short time.
Therefore, I’m currently focusing primarily on the 0.110-0.125 USDT area.
A return above 0.119-0.122 will mean a recovery of the nearest levels after the pullback. Losing 0.110-0.108 will leave 0.099 USDT as the next zone. And 0.13099 USDT remains the main level for assessing whether the current impulse will continue.