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Hedera's HBAR price drops 16% after a 27% surge on IBM Cloud Catalog news

Market News
29 Sep 2026
CryptoTicker
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Hedera's HBAR price drops 16% after a 27% surge on IBM Cloud Catalog news

Hedera's HBAR token surged 27% on September 28 following the announcement that its IDTrust identity platform was added to the IBM Cloud Catalog. However, on September 29, the price fell about 16% from the day's high, giving back most of the gains without any new news. The pullback reflects typical profit-taking after a hype-driven rally rather than a market-wide event. Investors should watch key price levels and consider tax implications and trading conditions before making moves.

Hedera's HBAR token has a market cap of Rp80,41 trillion and a 24-hour trading volume of Rp9,71 trillion on Pluang as of September 30, 2026, 07:31 WIB. The token's price is currently Rp1.816, down 16.38% in the past day, with Pluang order activity showing 58% selling and 42% buying. Typical hold time for HBAR on Pluang is 57 days, indicating moderate investor engagement despite recent volatility.

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