Hedera rises nearly 20% as IDTrust's addition to IBM Cloud Catalog draws enterprise focus
Hedera (HBAR) jumped ~19.7% after IBM Cloud Catalog added Hashgraph Group's IDTrust identity platform, boosting enterprise exposure to Hedera-based AI identity solutions. The move reinforces institutional interest as HBAR trades above key moving averages (20, 50, 200 days) with bullish momentum, though indicators show overbought conditions (RSI ~81.7). Short-term support sits around $0.1166 with resistance near $0.1229. The development, coupled with Hedera’s Cross-Ledger Protocol contribution to the Linux Foundation, underscores growing enterprise adoption.
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