Hedera (HBAR) is back in the spotlight again with a potential surge in its value, mirroring the broader market sentiment. The HBAR price over the last 24 hours is up by 4.13%, but over the last week it is slightly down by 1.78%.
At the time of writing, HBAR is trading at $0.2224 with a 24-hour trading volume of $221.39 million, down by 6% over the last 24 hours. The coin has a market capitalization of $9.42 billion, which is up by 4.37%.
Source: CoinMarketCap
The general market trend has turned bullish as major crypto coins like Bitcoin and Ethereum have started upward momentum with the growing interest in the crypto sector. Altcoins are also benefitting from this surge, including HBAR.
According to the data from crypto.news, Hashgraph Group has released TransAct, a managed service built to enable government bodies and businesses to transact on the Hedera network without handling cryptocurrency, wallets, or gas fees.
Removing these hurdles, the service makes it possible for institutions to utilize the energy-efficient, low-cost, high-speed technology of Hedera through a straightforward, enterprise-friendly interface that mirrors ordinary IT services.
This launch emphasizes the growing effort to differentiate blockchain use cases from crypto complexity. With TransAct, governments could employ digital identity solutions or citizen platforms, and companies could streamline supply chain or financial operations, all without token management and end-user retraining.
Also Read: HBAR Price Targets $0.40 as Hedera ETF Filing Fuels Market Reversal
Hedera (HBAR) is exhibiting initial bullish signals on the technical front. The Relative Strength Index (RSI) is at 51.85, just above neutral, and the MACD has also shown a positive crossover, with the MACD line standing at 0.00186 above the signal line at 0.00982. Both these indicators reflect accumulating strength that could lead to subsequent advances.
Source: TradingView
The HBAR has established a solid base around $0.1914, the current major support level. The subsequent level of resistance lies at $0.2522, and a clear break above it might take the market further up to the $0.3227 hurdle, with another move possibly targeting a visit to the psychological $0.4008 level.
Derivative markets show a mixed picture. Volume fell 8.03% to $279.43M, signaling short-term flattening, but open interest rose by 4.33% to $386.42M and indicates that traders are making new leveraged positions, expecting a broader movement.
Source: Coinglass
The OI weighted funding rate stands at 0.0100%, a mildly bullish signal that reflects tentative bullishness. With the momentum indicators turning positive and open interest on the rise, the $0.25 resistance level remains the level to watch for HBAR’s next breakout move.
Source: Coinglass
Also Read: Hedera (HBAR) Price Prediction 2025: Will HBAR Break $0.52 Soon?
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