HBAR Rallies: This 218% Skyward Move Could Be Next

Hedera Hashgraph (HBAR) is one of the most popular DLT-based chains across the globe, backed by tech giants such as IBM, Google, Samsung, LG & Apple. On the other hand, the double-digit price downswing from last-year highs has planted a seed of doubt in HBAR’s growth this year. Until IBM & BlackRock both provided the crowd with a pleasant surprise. HBAR Double-Digit Rally Tacks On IBM, BlackRock Deals A plethora of bullish developments fell in line on Monday to produce the 26% uptick, pushing the OG altcoin towards $0.13. Looking from a technical perspective, HBAR’s setup was amongst one of the most-bullish judging from the Elliott Wave analysis traders have pointed out a few weeks ago. From a macro perspective, there’s top-notch tokenization action going on. https://twitter.com/Morecryptoonl/status/2104554133667676242 Also, the 6-year-old HBAR price compression seems to have played out well. The multi-year ascending resistance at $0.40 is now back on the horizon, argues technical analyst Chart Nerd. On top of that, HBAR has been printing higher lows all the way from 2020 throughout 2026 to establish a confluent resistance level around $0.10, successfully breaking it upwards. https://twitter.com/ChartNerdTA/status/2104252790696726954 Another huge catalyst is BlackRock’s tokenization of BlackRock’s ICS US Treasury Money Market Fund, assisted by Securitize. This new multi-billion dollar tokenization bid has put the net assets figure above $40 billion on Monday, but that figure will change once the deployment of these money-market funds (MMFs) is fully completed on Hedera Hasgraph (HBAR). Most recently, The Hashgraph Group announced on September 23 that the HBAR-IDTrust platform had been validated and listed on the IBM Cloud Catalog. This provides enterprises access to identity infrastructure for agents, devices & people. The actual number of enterprise deployments & amounts of identity traffic routed through Hedera isn’t disclosed yet. Delve into DailyCoin’s popular crypto news today:IBM Links Crypto Haven To SWIFT With Stellar LinkBitcoin Won’t 10x This Cycle. Here’s Why That’s Bullish