HBAR has reclaimed the $0.10 area, trading at $0.1015 on October 4, after IDTrust, a self-sovereign identity platform built on Hedera DLT, was listed in the IBM Cloud catalog for deployment through IBM Cloud Kubernetes Service.
The token’s recovery follows a sharp late-September move that took HBAR to roughly $0.1310 intraday on September 28 before it reversed lower the next day. That reversal puts the $0.10-$0.105 area at the center of the immediate market test, according to Crypto Daily.
Daily trend measures still lean constructive, but the rally has also pushed momentum into overbought territory. Whether HBAR can build on the IBM Cloud-related backdrop depends first on its ability to hold the reclaimed round-number support and work through a closely packed band of resistance above spot.
HBAR daily chart: bullish trend meets an overbought RSI
The daily chart presents a split but still broadly positive setup. HBAR was trading above its short-, medium- and long-term simple moving averages on October 4, a trend configuration that CoinStats characterized as a strong underlying daily trend. Price above those averages does not settle the next directional move, but it means the recovery is occurring within a bullish trend structure rather than beneath it.
MACD also remained positive, with an expanding histogram on the daily timeframe. That reading supports continued upside momentum and aligns with a Blockspot composite technical signal of “strong buy” observed on October 2, which incorporates momentum and moving-average measures.
The caution lies with the 14-day RSI, which stood at 78.6 on October 4. CoinStats classified that as bearish because it is an overbought reading despite positive recent momentum. An elevated RSI is not, by itself, confirmation that a reversal must occur; it does, however, raise the risk that buyers pause or that price retraces before attempting another advance.
That risk matters more after the September 28 surge and subsequent reversal. Derivatives positioning also expanded around that move: open interest reportedly rose 47% to nearly 1.2 billion HBAR after September 28, Bitzo reported. The data point indicates greater positioning around the rally, though it does not establish whether that positioning is predominantly bullish or bearish.
For now, the daily evidence favors a market with positive trend and momentum inputs but limited room for complacency. The crucial distinction is between momentum that can carry price through nearby supply and an overbought condition that turns the $0.10 reclaim into a short-lived rebound.
HBAR support at $0.1006 and resistance from $0.1031 to $0.1107
At $0.1015, HBAR was only marginally above the closest identified support. The primary daily pivot sits at $0.1006, while $0.1000 is the psychological round-number support that has become particularly relevant following the rally pullback. Together, they form the nearest area bulls would need to defend to show that the return above $0.10 has substance.
| Level | Role | Basis |
|---|---|---|
| $0.1006 | Support | Primary daily pivot support |
| $0.1000 | Support | Psychological round-number area |
| $0.0958 | Lower support | Daily S3 pivot and strongest lower support in the cited set |
| $0.1031 | Resistance | Primary daily pivot resistance |
| $0.1048 | Resistance | Pivot, Fibonacci, moving-average and volume-profile confluence |
| $0.1094 | Resistance | First higher resistance after the rally reversal |
| $0.1107 | Resistance | Daily R3 pivot and strongest cited resistance |
The upside path begins with $0.1031, the primary daily pivot resistance identified by Blockspot. Above that, $0.1048 is the more consequential near-term hurdle because it combines pivot, Fibonacci, moving-average and volume-profile resistance, according to Crypto Daily. A sustained move through both would put attention on $0.1094 and then $0.1107, the upper boundary of the cited resistance sequence.
Conversely, a failure to hold $0.1006 followed by a loss of $0.1000 would weaken the recovery setup. The next supplied downside reference is $0.0958, the daily S3 pivot and the strongest lower support in this set. With spot close to the first supports and resistances, the initial break or hold around the $0.10 area may carry more immediate significance than the broader bullish readings.
HBAR price prediction: can the post-IBM rally extend toward the September high?
The conditional bullish case for HBAR is intact, but it remains unconfirmed. The IBM Cloud catalog listing for IDTrust provides fresh ecosystem context, while price remains above key daily moving averages and MACD is positive with an expanding histogram. Those conditions would be reinforced if HBAR can sustain trade above $0.1006 and $0.1000, then overcome $0.1031 and the $0.1048 confluence zone.
Clearing that sequence would leave $0.1094 and $0.1107 as the next stated technical barriers. If buyers were to absorb those levels as well, the September 28 intraday high near $0.1310 would become a more credible upside scenario to monitor. That prior high is a reference point from the recent rally, not a guaranteed destination or one of the supplied resistance levels.
The opposing case is straightforward. The daily RSI of 78.6 shows that the recent advance is already overbought, even as MACD and the moving-average trend remain supportive. An RSI-led cooldown that pushes price below the $0.1006-$0.1000 support area would undermine the argument that HBAR has decisively reclaimed $0.10 and shift focus to $0.0958.
In that sense, the post-IBM rally can extend toward the September high only conditionally: it needs the bullish trend signals to translate into breaks through the stacked $0.1031-$0.1107 resistance range. The IBM Cloud listing is a tangible development for an application built on Hedera, but the chart still requires confirmation after a rally that already reversed once from approximately $0.1310.
