HBAR Exits Wedge After Significant Adoption Updates, Targets $0.70

HBAR's price has surged by 49% in the last week, currently trading at $0.23, following a significant adoption by financial giants Lloyds Bank and Aberdeen Investments, which used Hedera's blockchain network for a new type of financial transaction. The Hedera Foundation also announced a partnership with Accenture to develop AI tools that provide more transparent and traceable operations for public agencies.

This move could pave the way for blockchain-backed AI systems in government sectors. Furthermore, HBAR has successfully moved above a falling wedge formation, a common precursor to sharp price increases. With the largest single-day net buys in six months, totaling $5.11M, the momentum could drive HBAR toward a short-term price target of $0.70.