Whales Fuel HBAR's Rebound as Retail Buyers Stay on the Sidelines


HBAR Price Rebounds Amid Easing Selling Pressure, Technical Indicators Suggest $0.25 Target
Hedera's native token HBARHBAR-- has seen a notable rebound, with a 9% surge in the past 24 hours, trimming its three-month decline to 20%. Exchange inflows-indicative of selling activity-have plummeted 88% since October 11, from $4.43 million to $517,000, signaling reduced short-term pressure [1]. The Chaikin Money Flow (CMF), a gauge of large wallet activity, has turned strongly positive at 0.10, confirming whale accumulation despite the broader market downturn [1]. Meanwhile, the Money Flow Index (MFI) has softened, suggesting retail participation remains weak and whales are the primary counterbalance to selling [1].

Technical analysis highlights early signs of a potential reversal. The Relative Strength Index (RSI) has shown bullish divergence: while HBAR's price hit a lower low in late September, the RSI formed a higher low, indicating weakening bearish momentum [1]. Prices remain below a descending trendline but are testing key resistance at $0.22, a level that has historically capped recoveries. A breakout above this threshold could target $0.25, with further upside to $0.30 if momentum holds [1]. However, the trend remains fragile; a drop below $0.16 would invalidate the rebound narrative and expose critical support at $0.14 [1].
Whale activity has intensified, with large holders adding 127.8 million HBAR ($26.8 million) in two days, according to on-chain data [3]. This accumulation contrasts with the Smart Money Index (SMI), which has flattened, reflecting cautious sentiment among high-confidence traders [3]. The token's price action is confined within a rising wedge pattern on the 12-hour chart, a bearish formation that could trigger a 10% downside risk if $0.21 support fails [3].
Institutional selling pressure briefly drove HBAR down 6% on October 10, with trading volumes spiking to 262.49 million in the final hour-six times the session average [2]. This selloff broke multiple support levels but stabilized as trading activity ceased, potentially due to liquidity constraints or regulatory anticipation [2]. Despite the volatility, HBAR's three-month rebound from $0.205 to $0.23 underscores resilience amid broader market turbulence [5].
Institutional interest in HBAR has grown, fueled by strategic partnerships and anticipation of an Exchange Traded Fund (ETF). Hedera's integration with SWIFT's blockchain trials and a Grayscale trust filing for HBAR highlight its institutional credibility . These developments, coupled with its role in tokenizing real-world assets like BlackRock's money market fund, position HBAR as a contender for broader adoption [5].
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