Hedera has always been a project to watch, and now, with its recent price surge, it’s making a serious run for the top 10 cryptocurrencies. A jump of over 30% in just the last two days has propelled HBAR past well-known names like Chainlink, Stellar, and Litecoin, making it the 11th largest crypto by market cap. The momentum is clearly building, and with market sentiment turning strongly bullish, many are predicting a 60% price surge that could push HBAR to $1 soon.

Why HBAR price is rising?

One of Hedera’s key strengths has always been its strategic partnerships, which have significantly bolstered the platform. The latest exciting news is that Swift, the global payment system used by banks for international wire transfers, has announced a partnership with Hedera. They’re integrating Hedera’s blockchain across major regions like North America, Europe, and Asia.

This major move is expected to significantly increase institutional adoption of the Hedera network. Some even believe it could position Hedera as a leader in the future of cross-border payments. Naturally, this development is fueling expectations of a significant positive impact on the HBAR price, with many anticipating a strong upward trend soon.

Will Hedera Price Reach $1?

Looking at the charts, HBAR has broken free from a 5-week downtrend with a powerful surge, indicating that the bulls are back in control. Furthermore, technical indicators are now looking bullish, suggesting that we could be seeing the start of a new upward trend pushing towards higher price levels.

Looking at the weekly chart, things are looking very bullish for HBAR. We’re on the verge of seeing its first-ever weekly Golden Cross, which is a significant bullish signal. Additionally, the weekly RSI (Relative Strength Index) has shown a bullish divergence before reaching neutral levels, further reinforcing the positive outlook. Based on these indicators, we can expect HBAR to continue its upward trajectory and soon reclaim the 0.5 Fibonacci retracement level at around $0.289. If buyers can hold above this point, it could pave the way for a much larger bullish rally and push Hedera to even higher prices.