HBAR Whale Accumulation, Technicals Signal Bulls to $0.29
HBAR has surged 49% over the past week to trade around $0.23, driven by Lloyds Bank and Aberdeen Investments issuing a tokenized money market fund on Hedera’s regulated blockchain, and a partnership with Accenture and EQTYLab to build blockchain-backed AI tools. On-chain data show a breakout from a falling wedge on rising volume, with net inflows of $5.11 million—the largest in six months—and a 90% probability of a spot HBAR ETF approval in 2025.
Between July 9 and 15, mega whale wallets holding over $10 million increased their share of HBAR supply from 81.72% to 87.56%, signaling strong bullish conviction. The Chaikin Money Flow has cooled from overbought to neutral, often a precursor to renewed buying momentum. Having reclaimed the $0.23 support, HBAR could test $0.29—a 27% upside—based on a trend-based Fibonacci extension. A drop below $0.23 would invalidate this setup, shifting focus to the $0.19 0.618 Fibonacci retracement. Traders should monitor whale accumulation, CMF dynamics, key support and resistance levels, and ETF prospects for HBAR’s next move.
Bullish
Multiple on-chain and technical indicators point to a bullish outlook for HBAR. Mega whale accumulation at the $0.23 support level shows strong conviction, while the Chaikin Money Flow reset from overbought to neutral provides room for fresh buying momentum. The on-chain breakout from a falling wedge with rising volume and significant capital inflows further confirm upward pressure. Institutional use cases—tokenized funds by Lloyds Bank and Aberdeen, plus AI tool partnerships—enhance fundamental demand. Short-term Fibonacci targets at $0.29 and longer-term objectives near $0.70, along with high ETF approval odds, outline clear upside scenarios. A breach below $0.23 would invalidate the bullish case, but current data favor continued gains.