HBAR Retraces IBM Rally as Support Tested at $0.1024
Hedera (HBAR)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Hedera’s (HBAR) late-September surge has largely reversed, shifting focus to immediate support levels. The token climbed 27.32% on September 28 to reach an intraday high of $0.1310 before sellers pushed it down 16.09% the next day. This rally was fueled by news that an identity platform built on Hedera had reached IBM Cloud, strengthening the network's enterprise narrative.
WalletInvestor highlighted this development on September 29, per the source. By October 2, daily spot price data from Blockspot showed HBAR trading at $0.1024. This price point places the asset at a technically sensitive support level following the news-driven reversal.
Technical indicators remain constructive, with the daily RSI (14) recorded at 59.4 on October 2. Blockspot classified this RSI reading as bullish, noting it stays below the conventional 70 overbought threshold. The indicator does not suggest an overheated market despite the recent surge. The source concludes that buyers must now defend the first support beneath the current market price.
How the market reacted
Whalio's own Binance spot order flow for HBAR, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio’s Binance spot data for HBAR shows a price of $0.1027, with a 1-hour buy ratio of 55.1% and a 4-hour ratio of 51.6%. These short-term ratios exceed the 24-hour buy ratio of 52.8%, suggesting that buying pressure is building in the immediate term. The volume delta indicates net inflows, with +$128,299 in the last hour and +$98,786 over four hours. Over 24 hours, the volume delta stands at +$1,696,609, while the cumulative volume delta (CVD) at the close is +$1,450,276. A positive volume delta means buyers are actively absorbing sell orders, pushing the price up. Whalio data shows net buying occurred for 17 out of the last 24 hours, with total spot volume reaching $30,306,452 across 216,568 trades.
The latest daily buy ratio of 49.3% sits at the 50th percentile of the last 322 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for HBAR, averaged over the days leading up to the story.
Comparing today’s activity to the preceding week reveals a shift in trading behavior. The current 24-hour buy ratio of 52.8% is 3.2 percentage points higher than the 7-day average of 49.5%. However, today’s spot volume is only 0.55x the weekly average, indicating significantly lower participation than usual. While the buy ratio is elevated, the volume delta for the past eight days totals -$6,345,382, contrasting with today’s positive flow. Only two of the last seven days saw net buying, making today’s sustained inflow an unusual deviation from the recent trend.