The bullish momentum in Bitcoin and Ethereum seems to be spilling into altcoins, and HBAR is showing strong signs of accumulation.
The price has already bounced back above $0.23 after a minor correction, and fresh whale demand could push the rally further in the coming days.
Mega Whales Accumulate at Fastest Pace This Month
Whale wallets holding over $10 million worth of HBAR jumped from 81.72% to 87.56% between July 9 and July 15, according to the Hedera whale tracker. These “mega whales” now hold the highest share of supply seen in recent weeks.
This sharp increase suggests high-conviction buying by large holders, often a sign of expectation for higher prices ahead. When deep-pocketed investors increase their stakes rapidly, it signals confidence, or alleged inside knowledge, in future upside.
Chaikin Money Flow Cools Off, Room to Run
The Chaikin Money Flow (CMF), which tracks the volume and direction of money flowing in and out of an asset, had hit slightly overbought levels during HBAR’s recent rally. But as of July 15, the CMF has cooled off, indicating that the asset may have reset enough for bulls to push further.
The HBAR price corrected over 9% day-on-day as the CMF cooled down, but quickly recovered to trade above $0.23 currently.
CMF turning neutral after a price cooldown typically sets the stage for another breakout, especially when whales are simultaneously accumulating.
HBAR Price Analysis: 27% Rally Still in Play
HBAR is currently trading just above $0.23, having reclaimed that level after a 9% daily correction. This zone now acts as a key support level for the bulls to defend.
The next upside target sits at $0.29, which marks a 27% rally from current prices, based on the levels projected by the Trend-based Fibonacci extension indicator.
Trend-based Fibonacci extension is a tool that projects possible future resistance levels by measuring the length of a past price move and extending it forward from a key retracement point, helping traders estimate where the next rally might face selling pressure.
In the case of HBAR, the trend-based Fibonacci extension was drawn from the swing low of early April 2025 to the mid-May peak, and then extended from the June 22 retracement.
If price falls below $0.23, the trend weakens, but the real invalidation would only occur if HBAR price dips under $0.19, which aligns with the 0.618 Fibonacci level and is often considered the strongest support/resistance zone.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
