HBAR Mega Whale Accumulation and Chaikin Money Flow Suggest Potential for Further Price Gains

• Mega whale wallets holding over $10 million in HBAR surged from 81.72% to 87.56% within six days, signaling strong accumulation among top holders.

• The Chaikin Money Flow indicator has reset, suggesting renewed potential for bullish momentum in HBAR’s price action.

• According to COINOTAG analysis, HBAR could target $0.29 if the critical $0.23 support level holds firm.

HBAR whale accumulation and Chaikin Money Flow reset signal a potential 27% rally, with $0.23 support critical for bullish continuation in the altcoin market.

Mega Whale Accumulation Signals Strong Confidence in HBAR

Between July 9 and July 15, mega whale wallets—those holding $10 million or more in HBAR—expanded their share from 81.72% to 87.56%, marking the fastest accumulation pace this month. This surge, tracked by the Hedera whale tracker, reflects a significant concentration of supply in the hands of large investors. Such a rapid increase in whale holdings often indicates strong market confidence and anticipation of upward price movement.

Mega Whales accumulating HBAR: HederaWatch

This behavior suggests that large investors are positioning themselves ahead of a potential rally, which could create upward pressure on HBAR’s price as supply tightens. Market participants often view whale accumulation as a bullish signal, especially when combined with other technical indicators.

Chaikin Money Flow Reset Indicates Room for Bullish Momentum

The Chaikin Money Flow (CMF) is a volume-weighted average of accumulation and distribution over a specified period, helping to identify buying and selling pressure. During HBAR’s recent rally, the CMF reached slightly overbought levels, prompting a short-term price correction of over 9% day-on-day. However, by July 15, the CMF had cooled off, resetting to a more neutral stance.

Chaikin Money Flow cooling down: TradingView

This reset is significant because it often precedes renewed buying activity, providing fresh momentum for bulls to push prices higher. The combination of a neutral CMF and increasing whale accumulation creates a favorable environment for a potential breakout.

HBAR Price Outlook: Key Support at $0.23 and Target of $0.29

Currently trading just above $0.23, HBAR has reclaimed this level after a brief correction, establishing it as a crucial support zone. Maintaining this support is essential for bulls to sustain upward momentum. The next significant resistance target is $0.29, representing a potential 27% rally from current prices.

HBAR price analysis: TradingView

This projection is based on the Trend-based Fibonacci extension, which measures the length of previous price swings and extends them to forecast future resistance levels. The extension was calculated from the swing low in early April 2025 to the mid-May peak, then projected from the June 22 retracement point.

If HBAR price falls below $0.23, the bullish trend may weaken, but the critical invalidation level lies at $0.19. This level corresponds with the 0.618 Fibonacci retracement, widely regarded as a strong support zone that could prevent further downside.

Conclusion

HBAR’s recent surge in mega whale accumulation combined with a reset in the Chaikin Money Flow indicator points to a potentially strong bullish phase ahead. The $0.23 support level is pivotal for maintaining momentum, with a 27% upside target near $0.29. Investors should monitor these technical levels closely, as sustained whale buying and volume dynamics will likely dictate the next major price movement.