Hedera (HBAR) is showing a stronger market structure after a sharp recovery from its accumulation zone, while a potential reaccumulation phase could support further upside. A breakout above the descending trendline remains key, with market data also pointing to rising leverage and social activity around the recent rally.
As of now, according to CoinMarketCap data, Hedera is trading at $0.1033, with a decrease of 4.03% over the past 24 hours and an increase of 12.29% over the past week.
Hedera Eyes $1 After 105% Rise From Accumulation Zone
Crypto analyst Crypto Patel says Hedera is showing a stronger long-term market structure after a 105% gain from its earlier accumulation range. The analyst now sees potential for higher levels if HBAR confirms a breakout above a major descending trendline.
HBAR was previously identified as an accumulation opportunity between $0.06 and $0.07. The token has since gained around 105% from that range, showing that the original thesis has largely played out. Crypto Patel now expects another possible accumulation phase before the next major move.
The analysis marks the $0.07–$0.09 area as a potential reaccumulation zone. A retracement into this range followed by renewed buying could create a base for another upward move. The broader roadmap sets potential targets at $0.15, $0.33, $0.50, and eventually $1.
A sustained breakout above the descending trendline remains the key technical condition. Such a move would suggest that the long-term downtrend is weakening and could clear the path toward higher targets. Still, the projections remain a market thesis rather than a guaranteed outcome, and the post advises investors to conduct their own research.
HBAR Breakout Came Five Days After IBM News With Leverage Surge
The data from Santiment Intelligence further shows that HBAR’s recent breakout followed news surrounding IBM Cloud, while market data indicates the strongest price reaction came several days later. On September 23, The Hashgraph Group announced that its IDTrust solution had been listed on the IBM Cloud Catalog. HBAR still closed that day nearly 9% lower.
The weakness continued in the following sessions, with HBAR remaining more than 3% below its September 22 closing level by September 27. The major shift came on September 28, when HBAR jumped 27% in a single session.
The rally coincided with a sharp rise in open interest. Coin-denominated open interest climbed 47% to nearly 1.2 billion HBAR, reaching its highest level in a year. Traders added around 385 million HBAR in one day, nearly three times more than any other single-day increase recorded during the year.
Dollar-denominated open interest also rose by roughly 87%, driven by both the higher HBAR price and the addition of new positions. Social activity also surged to about 4.8 times the average weekday level recorded between September 1 and 25, compared with roughly 1.4 times the average on September 23, the IBM announcement date.
