Hedera’s HBAR Surges 27% as Whales Accumulate 87.56% of Supply

Hedera’s HBAR is currently experiencing a surge in interest from large investors, indicating a bullish outlook for its future price potential. The cryptocurrency market is currently in a positive phase, with the bullish momentum from major cryptocurrencies like Bitcoin and Ethereum extending to various altcoins, including HBAR. Following a minor price correction, HBAR has shown resilience by rebounding above the $0.23 mark, driven by renewed demand from influential whale wallets. This accumulation by major investors could serve as a catalyst for a further rally in the coming days, generating excitement among investors and analysts.

A key indicator of HBAR’s bullish outlook is the significant increase in holdings by mega whale wallets controlling over $10 million worth of HBAR. From July 9 to July 15, the share of HBAR held by these large entities rose from 81.72% to 87.56%, marking the highest concentration of supply in the hands of these powerful investors in recent weeks. This sharp increase is often seen as a strong signal of high-conviction buying, which can influence market dynamics and precede major price movements.

Adding to the positive sentiment is the behavior of the Chaikin Money Flow (CMF) indicator. The CMF measures the buying and selling pressure of an asset over a specific period, oscillating between +1 and -1. A positive CMF indicates accumulation, while a negative value suggests distribution. During HBAR’s recent rally, the CMF briefly touched overbought levels, which often precedes a cooldown. However, as of July 15, the CMF has notably reset and cooled off. This reset is a crucial signal because it suggests that the asset has shed enough excess buying pressure, creating fresh room for bulls to initiate another push higher.

HBAR is currently trading just above $0.23, at $0.2311, down 3.59% in the last 24 hours. This $0.23 zone now acts as a critical support level that bulls must defend to maintain the upward trajectory. Should this support hold firmly, the next significant upside target for HBAR is projected at $0.29. This target represents a potential 27% rally from current prices and is identified using the Trend-based Fibonacci extension indicator. For HBAR, this extension was drawn from a swing low in early April 2025 to its mid-May peak, and then extended from the June 22 retracement. While the $0.23 level is key for short-term validation, a fall below $0.19 would be a more severe blow to the bullish case. This $0.19 level aligns with the 0.618 Fibonacci level, which is often considered one of the strongest support or resistance zones, indicating a critical threshold for HBAR’s bullish momentum.