Hitachi Leaves Hedera Council as HBAR Erases IBM Gains — What Comes Next?

HBAR traded near $0.09236 on October 8, down 3.3% over 24 hours and 11.1% over seven days, with roughly $108.7 million in 24-hour volume, according to CoinGecko. The token sat just above its first listed daily pivot support after a sharp reversal from late-September highs.

Hitachi America reportedly completed its Hedera Council service on September 30. No official Hedera announcement confirming the departure has been located, so the account remains secondary-source reporting rather than a confirmed statement from Hedera or Hitachi.

IBM’s Cloud Catalog continues to list IDTrust and describes the platform as built on Hedera DLT.

For an HBAR price prediction, the open question is whether that enterprise validation can overcome the token’s weakening short-term momentum.

HBAR’s daily indicators show fading momentum, not a settled trend reversal

Daily technical readings give a mixed picture. HBAR’s 14-day RSI stood at 49.6 on October 8, a neutral reading that places the market neither in oversold nor overbought territory, according to Blockspot. That leaves room for a move in either direction, but does not itself show an exhausted sell-off.

Momentum is less constructive on the MACD. The daily MACD reading was 0.004218, below its 0.0058 signal line, which Blockspot characterises as bearish. In practical terms, that reading is consistent with the recent loss of upside momentum after the late-September surge, rather than confirmation that buyers have regained control.

While the moving averages retain bullish relationships, the 12-day EMA at $0.0981 remains above the 26-day EMA at $0.0939 and the 50-day SMA at $0.0853 remains above the 200-day SMA at $0.0819—an arrangement Blockspot identifies as a golden-cross relationship.

Spot price is the complication. At $0.09236, HBAR was below both the 12-day and 26-day EMAs, despite the 12/26 EMA relationship remaining positive. That separation suggests the prior trend structure has not fully broken down, but the market needs to recover nearby averages before the broader bullish configurations carry much weight in the near term.

The scale of the reversal explains the caution. CoinGecko data shows HBAR closed at $0.122014 on September 28 and at $0.099754 on October 6, indicating that much of the rally associated with the IBM news had already been retraced by then. The daily MACD has subsequently tilted bearish, while the RSI has settled around its midpoint rather than signalling a decisive washout.

HBAR support at $0.0899 faces resistance from $0.0980 to $0.1061

The first level to watch is $0.0899, the daily S1 pivot support. With spot near $0.09236, it is the closest listed downside marker and therefore the level most immediately relevant to whether HBAR can stabilise after its weekly decline.

These are the daily pivot levels supplied by Blockspot. A sustained hold above $0.0899 would preserve the immediate range and leave a recovery attempt possible. A loss of that level would shift focus to $0.0868; below that, $0.0818 is the strongest listed support and sits close to the cited 200-day SMA of $0.0819.

On the upside, $0.0980 is the first hurdle. It also lies close to the 12-day EMA at $0.0981, making that area more consequential than a standalone pivot. A move through $0.0980 would still need to clear $0.1030 and then $0.1061, the strongest listed resistance, before the chart could make a stronger case that the recent retreat has been reversed.

That sequence matters because a rebound from $0.0899 that stalls beneath $0.0980 would remain a recovery inside a pressured range. Conversely, defending support and reclaiming the first resistance would improve the technical picture without guaranteeing a return to the September closing level.

HBAR price prediction: IBM validation remains intact, but a recovery needs $0.0980 back

The underlying IBM-related narrative remains present. The Hashgraph Group said on September 23 that IDTrust had been validated and listed in the IBM Cloud Catalog, and the catalog still carries the Hedera DLT description. That is a concrete enterprise-development point, not merely a market rumour, even as HBAR has given back much of the price response that followed the announcement.

The governance headline is less definitive. The report that Hitachi America left the Hedera Council may add uncertainty at a difficult moment for price action, but it has not been corroborated through an official Hedera announcement in the supplied evidence. It should therefore be treated as a reported complication, rather than a verified explanation for HBAR’s decline.

On the current evidence, the constructive HBAR price-prediction scenario depends first on $0.0899 holding and then on price reclaiming $0.0980. That would put HBAR back above the nearby 26-day EMA and close to the 12-day EMA, while a subsequent break of $0.1030 and $0.1061 would strengthen the case that the post-IBM retracement is easing. The positive EMA and 50/200-day SMA relationships provide some technical support for that conditional rebound case.

The weaker scenario is clearer as well: a decisive loss of $0.0899 would expose $0.0868, with $0.0818 the final listed support in this set of levels. A bearish MACD and spot below both short-term EMAs mean the chart does not yet offer confirmation of a durable turnaround.

For now, the IBM catalog listing supports the enterprise narrative, while the reported Council departure and the sharp retracement keep sentiment fragile. HBAR does not need another unsupported target to frame the next move: holding $0.0899 is the immediate test, and recovering $0.0980 is the threshold that would materially improve the near-term outlook.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.