HBAR Price Surges After RBA CBDC News: Is a $0.22 Hedera Breakout Imminent?

HBAR price rallied after the Reserve Bank of Australia selected a Hedera Council member to co-lead its CBDC platform. This was confirmed by a strong trendline breakout and RSI bounce, and resulted in a 10.72% weekly jump.

Analysts are currently monitoring a possible breakout to the upside to a target of around $0.22.

HBAR Price Rallies After CBDC Announcement

HBAR price surged after the Reserve Bank of Australia (RBA) chose Australian Payments Plus (AP+), a Hedera Council member, to back its wholesale central bank digital currency (CBDC) initiative.

The market interpreted this move as validation of Hedera’s enterprise-grade infrastructure, and the HBAR price quickly reacted.

According to the latest data, HBAR price traded at $0.2057, up 33.2% over the past week. The action was accompanied by a significant increase in volume, which soared more than 80% in the last 24 hours.

The breakout was preceded by a rise above long-term descending resistance, which had been keeping HBAR price down since March.

The top altcoin price breakout was technically significant. Hedera price regained its 50-day moving average and pivoted $0.16 into support.

Analysts believe this could be the start of a more lasting trend reversal. As institutional interest and bullish sentiment continue to grow, it is now realistic that the next target point is at $0.22.

Hedera RSI Bounce and Breakout Confirm Strength

Furthermore, Traders promptly observed the technical confirmation arising from the fundamental news. Merlijn The Trader highlighted that HBAR price had broken out of its multi-month downtrend and was forming a “major markup” phase.

The RSI reversed off a major historical support area, which creates many alerts of institutional buying.

The setup on the 3-day chart revealed a long base located between $0.065 and $0.075 and a smooth breakout.

HBAR price then consolidated in a steady rally towards the resistance price level of $0.20, creating higher highs and higher bottoms. This price pattern conforms to conventional reversals on the rising volume.

Clifton FX also confirmed a trendline breakout within a daily timeframe. The breakout candle also traded above the resistance and was accompanied by more volume and positive momentum direction.

Moving averages are now crossing bullishly, which has not happened in more than two months.

If the current structure holds, analysts see $0.185 as the next support, with a clean path toward $0.22 if buying continues. Investors are looking for consolidation above $0.17 to confirm support before the next leg up.

Hedera Expands Role in CBDC Systems

The RBA’s Project Acacia will explore wholesale CBDC applications and tokenized settlement layers. Australian Payments Plus, which is directly involved, processes over $2.5 trillion annually and sits on the Hedera Council.

Its leadership role in the CBDC program links Hedera to government-led digital finance innovation.

While Hedera is not officially confirmed as the settlement network, its close involvement through AP+ has sparked interest.

Analysts point to Hedera’s speed, security, and energy efficiency as competitive advantages for high-throughput financial systems.

Interestingly, the Hedera Council continues to attract leading firms. Members include Google, IBM, Dell, and Standard Bank.

Their support has positioned Hedera as a credible infrastructure provider for enterprise-grade blockchain use cases, including tokenization and compliance-grade transactions.

HBAR Price Target $0.22 if Support Holds

In the meantime, the HBAR price pattern has seen a clean bull breakout at this point, but still needs more confirmation. The key support of traders is the zone of levels of $0.17-$0.1725.

In essence, analysts predict an extension of HBAR price to $0.21 and $0.22 in case of its continued strength at the current level.

To reinforce the bullish HBAR price prediction, a recent analysis revealed the token is on a similar historical track recorded in 2021.

As observed by Rekt Capital, HBAR has pulled back to a support area due to the demand surrounding the crypto. This made it a possibility that the top altcoin could rally back to $0.22.