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
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
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
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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitmine Adds 4,871 Ethereum (~$21.28M) via FalconX — Onchain Lens Reports (BlockBeats News, Aug 26)

COINOTAG News reported on August 26 that Onchain Lens...

Smart Money That Shorted BTC During LUNA/UST Crash Sells 15 WBTC at $111,991 for $1.68M, Now Holds 15 WBTC

COINOTAG News cites on-chain analyst Ai Auntie (@ai_9684xtpa) identifying...

Pantera Plans Up to $1.25B Solana Fund as Galaxy, Multicoin & Jump Eye $1B in SOL Acquisitions

COINOTAG News (Aug. 26), citing The Information, reports that...

Dormant Bitcoin Whale Awakens After 5 Years, Moves 2,221 BTC ($245M) — 2013 Accumulation Now Yields 1265x ROI

According to Chainalysis and reported by COINOTAG, a long-dormant...

Tom Lee Retweets Analyst Mark Newton, Predicts ETH Bottom in Hours — BitMine Previously Called $4,070 Short-Term Low

On August 26, COINOTAG reported that BitMine Board Chairman...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img