Whales Accumulate HBAR as Selling Pressure Eases, Eye $0.25 Target


HBAR Price Rebounds Amid Easing Selling Pressure, Technical Indicators Signal Potential $0.25 Target
Hedera's HBARHBAR-- has shown signs of recovery after a prolonged downturn, with on-chain metrics and technical indicators suggesting a potential shift toward a short-term rebound. Over the past 24 hours, HBAR rose more than 9%, partially offsetting a 15% weekly decline. Exchange inflows-coins sent for selling-have dropped 88% since October 11, from $4.43 million to $517,000, indicating reduced short-term selling pressure [1].

Whale activity has intensified, with large holders adding capital rather than exiting. The Chaikin Money Flow (CMF) metric, which tracks large wallet movements, has turned strongly positive at around 0.10, confirming whale accumulation [1]. This trend began around October 7, even during the recent price decline, suggesting confidence from major stakeholders. Meanwhile, the Money Flow Index (MFI), which reflects retail trading activity, has softened, highlighting weaker participation from smaller investors [1].
Technical analysis also points to early signs of a reversal. The Relative Strength Index (RSI) shows bullish divergence: while HBAR's price hit a three-month low in October, the RSI formed a higher low, signaling waning bearish momentum [1]. A breakout above $0.22-a resistance level that has repeatedly capped rebounds-could propel the price toward $0.25, with further upside potential to $0.30 if momentum holds [1]. However, a drop below $0.16 would invalidate the rebound narrative, exposing critical support at $0.14 [1].
Institutional selling pressure earlier this month briefly pushed HBAR down 6%, with trading volume spiking to 262.49 million in the final hour of October 10-six times the session average [2]. Despite this, whale accumulation has continued, with mega whale wallets holding over $10 million in HBAR increasing from 81.72% to 87.56% in six days . This rapid accumulation, combined with a cooling Chaikin Money Flow indicator, suggests a potential 27% rally to $0.29 if the $0.23 support level holds .
HBAR's recent performance has also been influenced by broader market factors. The token has benefited from institutional interest in blockchain adoption, including SWIFT's live blockchain trials and Grayscale's filing for an HBAR trust . These developments, coupled with HBAR's role in real-world asset (RWA) tokenization, have bolstered its institutional appeal .
While the short-term outlook remains cautious, analysts highlight key technical levels to monitor. A sustained move above $0.25 would validate bullish momentum, while a breakdown below $0.23 could trigger further declines [1]. The broader crypto market's response to U.S. monetary policy and Bitcoin's performance will also play a role in determining HBAR's trajectory .
Quickly understand the history and background of various well-known coins
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.



Comments
No comments yet