HBAR is holding near $0.10 after a late-September rally tied to IBM Cloud Catalog exposure, with the token still up 9.20% over the past week and 28.09% over the month. Daily indicators stay bullish but an overbought RSI reading and a 47% rise in open interest leave the next move more sensitive than usual.
HBAR trades near $0.1015 on October 4. It is still up 9.20% over seven days and 28.09% over 30 days. The move traces back to IDTrust, a Hedera-based identity platform, appearing in the IBM Cloud Catalog late last month.
HBAR's rally and reversal around the IBM Cloud news
HBAR rose 27.32% on September 28 to about $0.1310, then fell 16.09% the next day. That volatility followed the IDTrust listing in the IBM Cloud Catalog, which focused attention on Hedera but left the subsequent price action, according to Crypto Daily, "anything but orderly".
Bullish trend signals sit alongside an overbought warning
The October 4 daily snapshot showed positive MACD with an expanding histogram, a signal tied to strengthening upside momentum, and HBAR trading above all four moving averages the source tracks. However, daily RSI(14) was reported at 78.6, an overbought reading that leaves HBAR more exposed to a pullback than it would be at a lower level. An October 2 snapshot had placed daily RSI at 59.4, so the degree of overbought pressure should be treated cautiously rather than as a single settled measurement.
Derivatives positioning adds to the sensitivity. Open interest reportedly rose 47% to nearly 1.2 billion HBAR after September 28, a one-year high that Bitzo said increased liquidation sensitivity near technical levels.
Support at $0.1010 and the resistance path back toward $0.1310
The nearest support sits in the $0.1010–$0.1007 cluster, formed by a Fibonacci level and the daily pivot. Holding that zone would preserve the case that HBAR has absorbed much of the reversal.
On the upside, the first test is $0.1048, a resistance cluster combining pivot, Fibonacci, moving-average and volume-profile confluence. Clearing it would put $0.1094, the next primary daily pivot resistance, back in focus, followed by a $0.1230 recovery cap before the $0.1310 September 28 swing high comes back into view. A sustained loss of the $0.1010–$0.1007 cluster would instead turn attention to $0.0958, the daily S3 pivot.
The $0.13 level therefore remains a conditional retest scenario rather than an established near-term outcome. HBAR would need to hold support, then clear $0.1048 and $0.1094 in sequence, with the elevated open interest capable of making either resolution more abrupt.
Source: Crypto Daily™
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