Hedera HBAR Eyes $0.30 Breakout as Whale Accumulation and Institutional Adoption Fuel September Rally
Hedera's native token HBAR is building significant momentum this September, with traders closely watching for a potential breakout above the key $0.30 resistance level. Substantial whale accumulation, growing institutional interest, and major ecosystem developments are driving bullish sentiment across the market.
Recent on-chain data reveals HBAR whales acquired over 50 million tokens valued at $11.3 million within a single week, primarily from wallets holding between 1-10 million HBAR. This stealth accumulation coincides with a 71% annual increase in whale holdings—a pattern that has historically preceded strong price rallies.
Fundamental catalysts supporting HBAR's upward trajectory include Hedera's involvement in Australia's CBDC Project Acacia, WHITE House recognition in recent digital asset reports, and ecosystem expansions such as the IDTrust launch and Archax's tokenized money market fund collaboration. These developments underscore HBAR's growing real-world utility and institutional credibility.