HBAR Surges 14% on RWA Tokenization Push and CLARITY Act Momentum
HBAR has surged 14% in the past week thanks to its aggressive push into real-world asset (RWA) tokenization development. According to Santiment data, Hedera Hashgraph now leads with a 96.9% score, surpassing Chainlink, Avalanche, and Stellar.
The chain's focus on RWA tokenization has been bolstered by a series of recent partnerships, including one with Archax in June, which enabled real-time streaming of cash flows for tokenized securities.
This momentum was further boosted by the renewed interest in the CLARITY Act, which lifted the HBAR token price. However, the market structure remains bearish, and an extended uptrend could only be confirmed if there is a decisive daily candlestick close above the 50-day Moving Average (MA) at $0.076.
If this scenario plays out, the next upside target will be the 200-day MA at $0.09, implying an 18% upside potential.