Hedera price jumped 25.18% in the last 24 hours, lifting HBAR to $0.09768 after trading as low as $0.07346 during the session. The move comes despite a soft weekly performance, with HBAR still down roughly 5.8% over seven days.
Trading volume reached $427 million, up about 65% on the day, as the Hedera price pushed back toward the upper end of its recent range near $0.0974. The main driver sits outside Hedera itself. Capital rotated aggressively into altcoins after a sharp market-wide rebound, pulling HBAR higher alongside other mid-cap names.
Altcoin Inflows Pick Up as Market Rebounds From Forced Selling
Hedera price strength developed against a broader risk backdrop. The total crypto market rose 3% in 24 hours to $2.38 trillion after a violent liquidation-driven sell-off exhausted sellers earlier in the week.
On February 5, Bitcoin briefly fell below $60,000, triggering $964 million in long liquidations and making the market appear oversold. Buyers came in afterwards. Reports of large exchange holdings, including Binance’s SAFU Fund’s purchase of 3,600 BTC, helped bolster confidence. Currently, the Bitcoin price has recovered to over $70,000.
As pressure eased, capital rotated away from Bitcoin and Ethereum. “Others” dominance climbed 4.55% between February 2 and February 6, signaling renewed appetite for non-BTC and non-ETH assets.
XDC Network (XDC) gained over 21%, XRP price gained over 18%, while Decred gained about 14.5% over the same period. HBAR’s advance fits that pattern. It has traded as part of a basket move rather than as an isolated breakout.
Hedera also received a fundamental tailwind. The network joined the Digital Monetary Institute, aligning itself with central banks, financial institutions, and payment providers engaged in CBDC and digital currency policy discussions.
Buyers Regain Control as Hedera Price Tests Upper Range
Hedera’s price is currently favorable to buyers in the short term. After dropping to about $0.073, HBAR quickly rose back, reaching $0.095 and nearing the session high of around $0.0974. The increase was supported by higher trading volume, showing strong market interest.
The structure remains a rebound within a broader range. Immediate support sits near the intraday low around $0.073, where selling pressure previously dried up.
Resistance is defined by the recent high just under $0.10, a level where the Hedera price paused rather than accelerated. Momentum has improved, but continuation depends on broader market conditions.
HBAR price remains sensitive to Bitcoin’s next move. The current altcoin bid assumes Bitcoin dominance holds steady or slips further. Sustained strength above Bitcoin’s $70,000 level would keep capital rotating outward. A failure there would likely cool the risk quickly. For now, Hedera price is moving with the tape, and the tape has turned supportive.
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