Hedera HBAR Eyes $0.70 Breakout as Bullish Signals Flash Amid Institutional Adoption

Hedera's HBAR has broken out of a weekly falling wedge pattern, signaling a potential reversal of its prolonged downtrend. Technical analysts now project a bullish trajectory, with price targets reaching $0.70 in the coming weeks—and some even eyeing $3.50 as a longer-term possibility.

The breakout gains credibility from a MACD crossover and surging trading volume, both classic indicators of trend reversal. Institutional adoption adds fundamental weight to the technical case: Lloyds and Aberdeen have recently implemented Hedera for real-world asset transactions.

Market watchers note the timing aligns with a broader altcoin resurgence. HBAR's consolidation phase appears to be concluding, with bulls now seizing control. The falling wedge resolution historically precedes sharp upward movements—especially when accompanied by volume spikes like those now appearing on HBAR's daily chart.