HBAR jumped after FedEx officially joined the Hedera Council, pushing the token to around $0.1022 and lifting it above the $0.10 mark. Over the past 24 hours, the token was up roughly 10% to 11%. Its market capitalization stood near $4.39 billion, while 24-hour trading volume rose to about $183 million.
The move was tied directly to the FedEx announcement. As a council member, FedEx will run a node and take part in network governance. That shifted attention to Hedera���s potential role in logistics, especially in verifying shipment data across companies and national borders.
Why the FedEx announcement drew market attention
In a post on X, HBAR said FedEx moves 16 million packages per day across 220+ countries. The post added that if shipment data is verified on Hedera, blockchain utility could scale quickly, and stressed that this is not a pilot because a Fortune 50 company is now part of governance.
The market reaction reflects a simple point. Logistics networks still deal with data silos, delays, paperwork, and cross-border friction. Hedera’s distributed ledger is being framed as infrastructure that could verify shipment data securely across different organizations and jurisdictions, with the aim of improving process speed, reducing errors, and strengthening trust.
$0.10 becomes the near-term level to watch
From a technical perspective, the rally pushed HBAR above its short-term moving averages. The article pointed to the 7-day simple moving average near $0.100, which is now acting as support. If price stays above that zone, short-term momentum remains intact.
At the same time, RSI is moving toward overbought territory, which suggests the pace of gains could cool. A dip toward $0.095 would not necessarily damage the structure. It could simply give the market room to reset. On the upside, the next resistance sits between $0.103 and $0.105. A clean break above that band may open the way to $0.11. If HBAR loses $0.10, profit-taking could follow.
Longer-term direction depends on real usage
The short-term price reaction is already visible. The larger question is whether enterprise participation turns into measurable adoption. The source article argues that if FedEx and other council members actively use Hedera to verify shipment data and reduce cross-border friction, network activity could build over time and strengthen the token’s long-term foundation.
Its long-range scenarios place HBAR in a $0.30 to $0.60 range in the next major crypto cycle if Hedera becomes a trusted digital layer for global supply chains. Under a slower adoption path, the token could trade between $0.20 and $0.35 during future expansion phases. If the headline does not translate into stronger transaction growth, the price may remain below $0.20 for an extended period. The article also noted that broader Bitcoin trends will still influence HBAR’s direction.