Hedera HBAR Soars on RBA CBDC Partnership: $0.22 Breakout in Sight?

Hedera's HBAR token experienced a significant rally after the Reserve Bank of Australia selected Australian Payments Plus, a Hedera Council member, to co-lead its wholesale CBDC platform. This institutional endorsement was viewed by the market as strong validation of Hedera's enterprise blockchain infrastructure.

HBAR price surged 33.2% weekly to $0.2057, with trading volume jumping 80% in 24 hours. Technical indicators show a clear breakout from descending resistance that had limited prices since March, with the 50-day moving average recovered and $0.16 now established as new support.

Analysts are now targeting $0.22 as the next milestone, pointing to the combination of fundamental catalysts and technical confirmation. The RSI bounce and volume surge suggest growing institutional interest could drive a sustained trend reversal for this enterprise-focused blockchain.