- Hedera (HBAR) falls 7.69% as strong selling pressure keeps the price below the key $0.0943 resistance.
- Meanwhile, IBM Cloud’s listing of IDTrust and new Hedera network developments strengthen the project’s enterprise adoption outlook.
Hedera (HBAR) is under renewed selling pressure after falling 7.69% to around $0.0913. The decline comes as HBAR trades below several short-term technical levels, while new enterprise developments provide support for the network.
Hedera Expands Enterprise Reach Through IBM Cloud
Hedera’s enterprise push gets a boost as IDTrust, a self-sovereign identity platform built on the network, is listed on the IBM Cloud Catalog.
The Hashgraph Group announced on September 23 that IDTrust had been validated and listed on the IBM Cloud Catalog. The listing gives Hedera-based technology exposure through a major cloud marketplace and could expand opportunities for enterprise integrations.
Hedera has also introduced the CLPR protocol, which is designed to allow independent ledgers to verify information using cryptographic proofs. EQTYLab is also planning to tokenize assets on the network, adding another potential use case for Hedera.
These developments come as HBAR faces short-term selling pressure, creating a contrast between network growth and weaker price action.
HBAR Price Faces Resistance at $0.0943
HBAR is currently trading above its long-term MA-200 but remains below the shorter-term MA-50. On the hourly chart, the price is above the MA-20, showing that some short-term buying interest remains despite the broader pullback.
The Ichimoku Kijun sits around $0.0943 and has become an important resistance level. HBAR would need to move back above this area to strengthen its short-term technical setup.
Momentum indicators remain mixed. MACD and ADX point to strong selling pressure, while Bull/Bear Power shows buying strength. RSI is at 45.79, giving a sell signal, while CCI remains neutral and Stochastic RSI is in overbought territory.
HBAR Could Trade Between $0.0853 and $0.0973
Over the next two to three trading days, HBAR/USD is projected to remain within a range of $0.0853 to $0.0973. The source analysis assigns a 59% probability to an upward move and 41% to further downside.
A break above the $0.0943 resistance could put HBAR on course toward the upper end of the projected range. On the other hand, continued selling and a loss of support could push the price toward $0.0853.
For Hedera, the current setup leaves price action at a key technical point. While enterprise developments are expanding the network’s potential use cases, HBAR must overcome near-term selling pressure before the market can establish a stronger recovery.
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