Hedera (HBAR) Shows Strong Bullish Momentum, Poised to Breakout

After facing turbulence and market volatility, the token recently touched a low of $0.18. However, it has since rebounded

Hedera (HBAR) is displaying strong bullish momentum and positioning itself for a potential breakout as it continues to recover from recent turbulence and market volatility.

After touching a low of $0.18, the token has since shown resilience, aligning with the broader market recovery and setting the stage for a significant price surge.

A major catalyst for HBAR’s bullish trajectory is Swift’s recent announcement to integrate Hedera’s blockchain technology across North America, Europe, and Asia. As the world’s leading financial messaging network, Swift’s move underscores growing institutional adoption of Hedera’s enterprise-grade blockchain.

🚨 BREAKING: CONFIRMATION SWIFT WILL BE USING HEDERA TECHNOLOGY ACROSS THREE CONTINENTS! $HBARLIVE TRIALS WILL BEGIN IN NORTH AMERICA EUROPE AND ASIA THIS YEAR AND STARTING NEXT YEAR WILL USE HEDERA'S TECHNOLOGYNews was dropped by Dylan Brady who is the Chief Executive… pic.twitter.com/dc4Eyrkt8T— Tosho (@ToshioSaito) August 25, operability in North America, Europe, and Asia, beginning later this year, and deploy Hedera’s technology in 2024.”

This development could revolutionize cross-border payments, reinforcing Hedera’s role in global financial transactions and driving demand for the token.

Nasdaq has also filed a proposal with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Canary HBAR ETF. This ETF aims to offer institutional investors exposure to the token, potentially attracting significant capital inflows.

The ETF will track HBAR’s spot price using the CoinDesk Hedera USD CCIX 30-minute NY Rate, ensuring a transparent valuation based on aggregated market data.

If approved, the ETF could provide a substantial boost to HBAR’s liquidity and market presence.

Crypto market sentiment remains optimistic, with notable traders highlighting HBAR’s strong upward potential. One projection suggests that after a previous 669% rally, the token still maintains its bullish structure, with a potential target of $0.504, implying a possible 100% surge in the near future.

With increasing institutional adoption, ETF developments, and bullish market sentiment, the token appears primed for a significant rally. If momentum continues, the token could reach new highs, reinforcing its status as a key player in the blockchain space.