Hedera price is up 10% today: Here’s why the HBAR price is rising

• Hedera coin price has jumped past $0.091 on a 10.5% daily rally with rising volume.
• Enterprise news and BrandBoost adoption are boosting Hedera demand.
• The $0.10428 resistance is key for confirming further upside momentum.

The latest move in Hedera (HBAR) has drawn renewed attention to its short-term technical setup after the token climbed more than 10% in 24 hours, reaching an intraday high of $0.09506.

The rally was accompanied by a sharp increase in trading activity, with volume rising to more than $345 million over the same period.

The gains have pushed HBAR above recent consolidation levels, breaking out of the relatively narrow trading range that had contained price action in recent sessions and signalling a potential shift in short-term momentum.

Enterprise developments driving Hedera price momentum

One of the key catalysts behind the recent rally in Hedera (HBAR) has been reports surrounding a strategic development involving the Hedera Governing Council and the Hyperledger Fabric ecosystem.

According to industry reports, the initiative involves intellectual property associated with Hyperledger Fabric, originally backed by the Linux Foundation, wi...