HBAR rallies 22% on fake Nvidia integration news

Hedera’s HBAR token surged 22% today as investors reacted to growing excitement over its potential role in strengthening data integrity for AI systems.

The rally was fuelled by a widely shared LinkedIn post claiming that Nvidia was exploring ways to integrate Hedera’s technology to verify AI-generated data in real time.

The post went viral among the HBAR community but was later traced to an impersonator account posing as an Nvidia executive.

Despite the post gaining traction, there were several red flags. The LinkedIn account had just two previous posts, lacked any credible connection to Nvidia, and public records show no employee by that name at the company.

Additionally, when writing, neither Nvidia nor Hedera has released any official statement acknowledging such a collaboration.

However, momentum continued as investors speculated on the broader implications of combining blockchain and AI. Supporters pointed to Hedera’s public ledger, known for its speed, security, and energy efficiency, as a natural fit for verifying data used by AI models in industries like healthcare, finance, supply chains, and autonomous vehicles.

The narrative was that Hedera could help track the origin and integrity of data, potentially reducing misinformation, errors, and fraud in AI-driven systems. Its low energy use also aligns with the sustainability goals of high-performance tech firms like Nvidia.

The rumor sent Hedera (HBAR) flying to an intraday high of $0.158 on April 8, lifting its market cap above $6.6 billion. Daily trading volume also surged over 53%, topping $551 million.

HBAR price analysis

On the 1-day USDT price chart, the HBAR price is currently testing the upper boundary of a falling wedge pattern it had formed since the beginning of March. In technical analysis, a breakout from such a pattern leads to more sustained gains ahead.

However, the bull-bear power (BBP) indicator, also called the Elder-Ray index, has been below the zero line since March 2, pointing to continued bearish pressure.

This indicator tracks the strength of buyers versus sellers, and staying in negative territory signals that the sellers still have the upper hand.

On top of that, the Aroon Down is at 92.86%, while the Aroon Up is at 0%, which means that selling pressure is clearly outweighing any buying activity at the moment.

While the indicators signal that bears are still in control, some analysts believe a reversal could be brewing if key levels hold.

According to crypto analyst Sunovam, who shared a weekly chart of HBAR’s price action, past rallies have followed a familiar cycle: a parabolic run-up, a 60–65% correction, and then a period of consolidation before another major leg up.

The current setup is eerily similar, with HBAR now down over 58% from its recent peak and approaching historical support zones. 

But for the bullish case to play out, the price needs to hold above the $0.14–$0.15 range, according to the analyst. Losing that level could drag it back toward the $0.10 region. 

Also, the MACD on the weekly chart is nearing a potential crossover, but it hasn’t flipped bullish yet, meaning the momentum isn’t fully on the bulls’ side.

If buyers can reclaim $0.20 and push through $0.25, it could confirm the beginning of another rally phase, especially with the AI narrative heating up.

That said, HBAR’s next direction will also depend heavily on the broader crypto market. Bitcoin’s performance continues to act as the main barometer for altcoin strength. If BTC holds steady or rallies, it could create the right environment for HBAR and other AI tokens to shine.