HBAR Holds Ground Near $0.10 as IBM Rally Fades
After a sharp rally tied to IDTrust's listing in the IBM Cloud Catalog, HBAR has maintained its price near $0.10.
The token rose by 27.32% on September 28 to about $0.1310, but fell 16.09% the next day, according to Crypto Daily.
Despite the volatility, HBAR's daily indicators show bullish momentum, with a positive MACD and expanding histogram, indicating strengthening upside momentum.
The Relative Strength Index (RSI) reading of 78.6 indicates an overbought market, which may lead to a pullback or consolidation.
Derivatives positioning has increased, making the token more sensitive to price movements around key technical levels.
To strengthen its case and revisit $0.13, HBAR would need to hold support at $0.1010-$0.1007, reclaim $0.1048 and $0.1094, and break through the $0.1230 recovery cap.