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HBAR token drops 24% after late-September gains, nearing key support levels amid IBM listing news.

Technical Signals
08 Oct 2026
Tokenpost
View Source
Neutral
HBAR token drops 24% after late-September gains, nearing key support levels amid IBM listing news.

Hedera's HBAR token fell about 24% from $0.122 to $0.093 between late September and early October, approaching key technical support levels. The drop followed a prior rise linked to The Hashgraph Group's IDTrust platform being listed in IBM's Cloud Catalog, which offers blockchain-based identity solutions but has not disclosed commercial impact or adoption details. Hedera's governance involves 33 organizations, including recent changes with Hitachi America. Technical analysis suggests support levels around $0.0899 and resistance near $0.0980, but these do not explain the price moves. The market awaits clearer signals on adoption and demand for HBAR.

Hedera's HBAR token holds a market cap of Rp75.05 trillion and a 24-hour trading volume of Rp2.17 trillion on Pluang as of Oct 08, 2026 18:22 WIB. Despite the recent price drop noted in the article, HBAR's price on Pluang shows a slight 1-day increase of 0.13%, trading at Rp1,692. The platform data also reveals a strong buy interest with 69% of orders favoring purchases and a typical holding period of 57 days, indicating steady investor engagement.

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HBAR price dips amid mixed signals, holding key support at $0.0899 crucial for recovery.

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