- The price of Hedera bounced nearly 10% to above $0.15, leading a broader altcoin flip.
- Bitcoin was also slightly up, with altcoins eyeing major gains
- HBAR price could bounce to $0.20 and see bulls eye July 2025 highs.
Cryptocurrency traders were battered amid recent market volatility, but Hedera (HBAR) looks poised for gains after surging nearly 10% in the past 24 hours.
HBAR has outpaced many of its altcoin peers, flipping higher as the potential of a broader recovery across stocks and crypto buoys investors.
Trading at highs of $0.15 on Monday, as volume spiked 220% to over $530 million, now sees bulls targeting further gains.
Bitcoin and altcoins eye gains, HBAR soars 10%
Bitcoin is hovering near key resistance around $86,000 after rebounding from last week’s lows.
The broader tone remains weak, but altcoins such as HBAR appear comparatively well-positioned to rally if the market’s recent bounce gains traction.
Cryptocurrencies sold off sharply last week, with a modest recovery into Friday’s close helping steady sentiment heading into this week.
Concerns surrounding Nvidia and the US jobs report weighed on risk assets, driving Bitcoin down to $80,000 and sending altcoins sharply lower.
Hedera (HBAR) fell to $0.12 at the trough.
However, risk assets could look past the September payrolls blip.
A notable factor is the market reaction to New York Federal Reserve President John Williams’ interest rate commentary.
Williams said the Fed may lower rates, and stocks popped.
Futures were up on Monday. Bitcoin is also looking to break above $87,000. Meanwhile, the HBAR price touched $0.15.
The chart below highlights Hedera’s technical outlook and potential support and resistance levels.
Notably, the token has climbed from the critical support level above $0.12 as seen in June.
Technically, HBAR is near a key resistance line, and if momentum holds, a push toward $0.20 and higher will open up a path to highs last seen in July 2025.
What could catalyse HBAR price gains?
Short-term upticks across crypto could help most top altcoins, including Hedera’s price.
However, the token could also benefit from other key sentiment boosters, including adoption amid factors like the Axelar partnership.
Last week, the Hedera Foundation had integrated Axelar’s cross-chain interoperability protocol to bring more than 60 major blockchains to Hedera.
These include Arbitrum, Solana, and XRPL, and HBAR users can now transfer assets from other chains.
Integration expands users’ options for cross-chain capabilities.
HBAR is also up amid continued anticipation around 24/7 futures trading on Coinbase.
Amid increased attention on Hedera with spot ETFs in the market, Coinbase is poised to launch HBAR futures trading in early December. Price action for Hedera was upward in the wake of a similar move earlier this year. As such, the buzz is growing around HBAR.
Traction in the market amid real-world adoption is also helping catalyze the bullish resilience.
