Hedera (HBAR) posted two straight days of gains after a sharp reaction from the $0.085 demand zone. A 12% move today, combined with rising Open Interest, points to growing participation behind the rally.
Strong bounce shifts short-term sentiment
The reaction from the $0.085 level was decisive. Price did not stall—it pushed higher and followed through into a second day of gains. That kind of continuation suggests the demand zone is holding with conviction, not just acting as a temporary floor. With the price now stabilizing above that zone and still trading above key Exponential Moving Average (EMA) supports, the short-term tone has shifted back in favor of buyers.
Fundamental catalyst adds fuel to the move
The timing of the rally also matters. The price surge comes after Hedera was named as a finalist for Best Blockchain for Mainstream Financial Services at the Future of Finance Awards 2026. In most cases, moves backed by both technical reactions and external catalysts tend to carry more weight, especially when they attract fresh attention to the network.
That’s not all; the percentage of the supply held by whales with over 1 million HBAR surged to 55% alongside the network trading volume, which recorded a sharp spike to 280 million at press time.
Open Interest surge signals rising participation
Zooming down to the derivatives data, Hedera’s Open Interest increased to $33 million over the last 24 hours. This increase suggests new positions are entering the market as prices move higher. From previous data, when Open Interest rises alongside price, it often reflects active positioning rather than passive trading. In Hedera’s case, it points to growing confidence in the current move.
HBAR’s continuation needs a follow-through
Hedera momentum is under full support of both market structure and participation. Buyers have reclaimed control for now, and the recent push shows no immediate signs of fading. The next step is follow-through. If demand continues to build, the rally could extend further. If that’s not the case and activity slows, the price action may pause before attempting another move higher.
As it stands, the key shift is clear, and support has initiated several rejections in the past. The bullish momentum has returned, and the price action could rally further to hunt the liquidity at the $0.10 psychological resistance level.
