Hedera HBAR Hits 8-Month High on IBM and BlackRock News
Hedera (HBAR)
Editor:
Eugene Serbin
Hedera’s HBAR token surged 25% in a single day to reach its highest level since early January, according to a report by cvj.ai. The asset climbed to approximately $0.13 before retracing to $0.12, marking a 60% increase over two weeks. This rally pushed HBAR’s market capitalization above the $5 billion mark, allowing it to flip popular altcoins like Avalanche (AVAX) and Sui (SUI).
A primary driver of this uptrend is the partnership between IBM and the Hashgraph Group to bring Hedera-based IDTrust to IBM Cloud for AI agent identity. Additionally, BlackRock tokenized its US Treasury Money Market Fund on Hedera, pushing net assets beyond $40 billion and signaling strong institutional support. Market observers noted that exchange netflows showed outflows surpassing inflows, suggesting investors are moving toward self-custody to reduce selling pressure.
Analyst Moon Show identified $0.13 as a key level, suggesting that clearing it could spark a stronger upward move. Doctor Profit noted that HBAR has rallied strongly after crossing the weekly MA50 and stated he has increased his exposure as the asset breaks out. Another analyst, OxNeena, claimed the coin is breaking out of a long descending channel with targets at $0.20, $0.30, and $0.45. Despite the bullish sentiment, technical indicators show the Relative Strength Index (RSI) has surged past 70, hinting at a possible short-term correction due to overbought conditions.
How the market reacted
Whalio's own Binance spot order flow for HBAR, measured when this story was written up on 29 September 2026. Not the outlet's figures.
HBAR is trading at $0.1221 with a 1-hour buy ratio of 51.6%, indicating slightly more buyers than sellers in the short term. However, the 4-hour buy ratio drops to 47.4%, showing that buying pressure is fading over a slightly longer timeframe. The 24-hour buy ratio sits at 49.4%, confirming a near-even split in trading activity over the full day. Volume delta data reveals a net outflow of $2,157,698 over 24 hours, meaning more volume was sold than bought during this period. In contrast, the 1-hour volume delta is positive at $76,001, suggesting a brief surge in buying activity in the most recent hour. The cumulative volume delta (CVD) closed at -$993,913, reflecting that sellers have dominated the flow throughout the day.
The latest daily buy ratio of 52.0% sits at the 84th percentile of the last 323 days, against a median of 49.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for HBAR, averaged over the days leading up to the story.
Over the preceding week, HBAR experienced a 30.7% price increase with spot volume 10.40 times the average, marking an unusually active period. The 7-day average buy ratio was 50.1%, which is nearly identical to the current 24-hour ratio of 49.4%, indicating consistent participation levels. However, the 24-hour volume delta of -$2,157,698 contrasts with the weekly total delta of -$1,665,291, showing that selling pressure has accelerated today compared to the week's average. While the volume spike suggests high interest, the net negative delta indicates that this activity has been predominantly sell-driven. This day represents a continuation of the week's momentum but with a shift toward net outflows rather than the balanced or positive flows often seen in strong breakouts.