- Hedera’s price rebounded nearly 10% to exceed $0.15, sparking a broader altcoin upswing.
- Bitcoin also ticked higher as altcoins target significant gains.
- HBAR could rebound toward $0.20, with highs from July 2025 in sight as a longer-term target.
Crypto traders have faced significant volatility recently, but Hedera (HBAR) appears poised for gains after rising nearly 10% over the past 24 hours.
HBAR outpaced many of its altcoin peers as market sentiment improved, driven by the prospect of a broader recovery in equities and cryptocurrencies that has encouraged investors to buy the dip.
After climbing above the $0.15 level on Monday, trading volume surged roughly 220% to top $530 million, prompting bulls to set their sights on additional upside.
Bitcoin and altcoins see gains, HBAR jumps 10%
Bitcoin remains near a key resistance area around $86,000 after rebounding from last week’s lows.
Despite a still-cautious overall tone, many altcoins including HBAR appear well-positioned for a stronger rebound if the recent market lift gains traction.
Cryptocurrencies fell sharply last week, and a modest recovery by Friday’s close helped stabilize sentiment heading into the new week.
Concerns related to Nvidia and the U.S. jobs report weighed on risk assets, driving Bitcoin down to $80,000 and causing a deeper sell-off among many altcoins.
Hedera (HBAR) touched a low near $0.12 during that downturn.
Risk assets, however, could overcome the pressure from the September payrolls report.
One key driver was the market’s reaction to comments from the president of the New York Federal Reserve, John Williams, about interest rates.
Williams suggested that the Federal Reserve could cut rates in the future, which helped boost equities.
Futures were trading broadly in line on Monday. Bitcoin is attempting to move above $87,000, while HBAR reached $0.15.
The chart below highlights Hedera’s technical outlook with potential support and resistance levels.
Notably, the token recovered from a critical support level above $0.12, a basement seen earlier in June.
From a technical perspective, HBAR is approaching an important resistance line. If momentum persists, a push toward $0.20 and beyond would open the path to the highs last seen in July 2025.
What could catalyze further HBAR price gains?
Short-term upside across the crypto sector could lift major altcoins, including Hedera.
HBAR may also benefit from specific sentiment boosters such as ongoing adoption and strategic integrations like the partnership with Axelar.
Last week, the Hedera Foundation integrated Axelar’s cross-chain interoperability protocol, enabling connections with more than 60 major blockchains.
That integration includes networks such as Arbitrum, Solana and XRPL, allowing HBAR users to transfer assets from other chains.
Expanding cross-chain options increases utility for Hedera users and strengthens on-chain use cases.
HBAR’s gains are also supported by anticipation of 24/7 futures trading on Coinbase.
With growing attention on Hedera alongside spot ETFs in the market, Coinbase plans to launch regulated HBAR futures trading in early December. A prior similar move earlier this year led to upward price action for Hedera, fueling renewed excitement around the token.
Overall market traction combined with real-world adoption continues to provide a foundation for HBAR’s bullish resilience.