In recent days, the price of HBAR has experienced a significant rebound, attributed to a combination of a broader recovery in the cryptocurrency market and a strategic partnership formed between Hedera and FedEx. The token surged to a peak of $0.1038, recovering from a low of $0.0735 earlier this month. However, it remains considerably below its 2025 high of $0.3045.
The uptick in HBAR’s price has coincided with a positive trend across the majority of cryptocurrencies. This rally was particularly fueled by the latest report on U.S. consumer inflation, which increased speculation regarding potential interest rate cuts from the Federal Reserve. The optimistic environment has helped lift Bitcoin and various altcoins, contributing to HBAR’s recent gains.
Moreover, the announcement of Hedera’s partnership with FedEx marks a significant milestone for the platform. FedEx, renowned in the logistics and delivery sector, has joined Hedera’s governance council, following the footsteps of renowned organizations such as Tata Communications, LG, and Google. This collaboration aims to advance a more secure digital infrastructure for global shipments, enhancing the intelligence of supply chains. Vishal Talwar, a representative from FedEx, emphasized the importance of sharing verified data among multiple parties to mitigate risks and avoid centralization.
Despite these positive developments, HBAR faces several challenges that could impede its future performance. One notable concern is the diminished demand for the Canary HBAR ETF, which has seen stagnant inflows since February 9. Year-to-date, the ETF has attracted approximately $6 million, bringing its cumulative total to $90 million.
Additionally, the overall growth of Hedera’s ecosystem has faltered. The total value locked within its decentralized finance (DeFi) sector has plummeted to just $39 million, while the market capitalization of stablecoins in the Hedera ecosystem has decreased to $68 million—small figures when juxtaposed with the broader financial landscape.
Technical analysis of HBAR suggests that while the recent price movement indicates a rebound, it may not be sustainable. The daily chart reveals that HBAR has retested a key resistance level at $0.1037, which aligns with its performance during previous months. The token is also facing resistance at the 50-day moving average, raising concerns about a potential resumption of its downtrend. Should the price revert, it may approach the low of $0.073 established earlier this year.
