Hedera HBAR Soars 49% on Institutional Adoption Wave, Technical Breakout Targets $0.70
HBAR surged 49% in a week as institutional adoption accelerates. Lloyds Bank and Aberdeen Investments Leveraged Hedera's blockchain to settle tokenized money market funds and UK gilts—a landmark demonstration of regulated asset tokenization. The network's compliance with UK financial frameworks adds credibility to its enterprise positioning.
Separately, Hedera partnered with Accenture to develop AI tools for public sector transparency. The collaboration aims to embed blockchain-based audit trails in government AI systems—a strategic move aligning with global demand for accountable automation.
Technical indicators mirror the bullish fundamentals. A falling wedge breakout coincided with $5.11M in net inflows, propelling HBAR toward its $0.70 target. Trading volume surpassed $1B as market cap neared $10B, signaling sustained institutional interest despite broader market corrections.