HBAR Surges 26% as IBM and BlackRock Deal Sparks Growth Hopes

Hedera Hashgraph (HBAR) has seen a significant rally after IBM signed a deal for Hedera-based AI agents and BlackRock's net assets on HBAR soared beyond $40 billion.

Despite a double-digit price downswing from last year's highs, the recent developments have sparked hope in HBAR's growth. The token's price rose by 26% to $0.13 after IBM announced its deal with Hedera-based AI agents and BlackRock's tokenization of its ICS US Treasury Money Market Fund.

Technical analysts point out that HBAR's setup is bullish, breaking above initial resistance and establishing a confluent resistance level around $0.10. The multi-year ascending resistance at $0.40 is now back on the horizon, according to Chart Nerd.