Hedera Price Soars 9.76% to $0.1302 Amid Substantial 24-Hour Gain

Hedera's price surged on September 28, climbing 9.76% in just four hours to $0.1302 at 1:32 p.m. ET (17:32 UTC). This significant jump extended its 24-hour gain to a substantial 39.20%. The price hike was observed using Binance's HBAR/USDT spot price and TokenPost's direct collection of exchange prices.

The calculation shows that Hedera rose from $0.1186 four hours earlier to its latest level of $0.1302. During the same hour, liquidations totaling $80,000 in long positions and $230,000 in short positions occurred across Binance, Bybit, and OKX.

The figures indicate that more short positions were closed than long positions during the sharp move. This could suggest a shift in market sentiment or a change in investor strategy.