- Hedera’s price climbed nearly 10% to above $0.15, triggering a broader altcoin rotation.
- Bitcoin also rose slightly, lifting expectations for significant altcoin gains.
- HBAR’s price could move toward $0.20 and potentially revisit the July 2025 highs.
Cryptocurrency traders endured recent market volatility, but Hedera (HBAR) appears poised for further gains after rallying almost 10% over the past 24 hours.
HBAR has outpaced many altcoin peers, rising as market participants increasingly weigh a broader recovery across stocks and crypto. The token briefly traded above $0.15 on Monday while reported volume surged roughly 220% to more than $530 million, leaving bulls aiming for additional upside.
Bitcoin and altcoins gain, HBAR jumps 10%
Bitcoin is hovering near resistance around $86,000 following last week’s lows. Although the overall tone remains cautious, altcoins such as HBAR look relatively well-positioned to extend gains if the market’s recent bounce gathers momentum.
Cryptocurrencies sold off sharply last week, with a modest rebound late Friday helping to steady sentiment heading into the new week. Concerns about Nvidia and the U.S. jobs report weighed on risk assets, sending Bitcoin down to about $80,000 and inflicting steeper losses on many altcoins. Hedera briefly fell to roughly $0.12 during that dip.
Despite short-term noise, risky assets may move past September’s payroll surprises. One notable driver was commentary from New York Fed President John Williams, who suggested the Fed could start easing rates in the future, which sparked gains in equities. Futures activity on Monday reflected renewed risk appetite: Bitcoin tested moves above $87,000 while HBAR reached $0.15.
The chart below illustrates Hedera’s technical outlook and potential support and resistance zones.
Importantly, the token has rebounded from the critical support area above $0.12, visible earlier in June. Technically, HBAR sits near a key resistance trendline; if momentum persists, a move toward $0.20 could open the door for a run at the peaks last seen in July 2025.
What could catalyze HBAR’s price gains?
Short-term market rallies often lift many leading altcoins, including Hedera. Beyond broad market momentum, HBAR may benefit from specific sentiment catalysts and adoption developments.
One such boost is the Hedera Foundation’s recent integration of Axelar’s cross-chain interoperability protocol, which aims to connect over 60 major blockchains to Hedera. That integration brings networks such as Arbitrum, Solana and XRPL into easier transferability with Hedera, enabling HBAR users to move assets across chains and expanding cross-chain options.
HBAR has also risen amid growing anticipation for 24/7 futures trading on Coinbase. With heightened interest in Hedera alongside spot ETF activity across crypto, Coinbase is preparing to launch HBAR futures trading in early December. Similar announcements earlier this year correlated with notable price moves for Hedera, helping to fuel current market buzz.
Overall, the combination of improving technicals, cross-chain integration, and potential new futures listings is supporting positive sentiment for HBAR. If market-wide risk appetite continues to recover, Hedera could see further upside as traders and investors reallocate into altcoins.