Hedera Whales Are Buying Big – Is a Breakout to $0.30 Next?
Two factors — growing whale accumulation and a bullish divergence on momentum charts — point to a stronger outlook compared to peers.
Whales Quietly Add to Positions
Large HBAR holders have been steadily increasing their stakes. On-chain data shows that wallets with at least 1 million tokens rose from 82.41 to 84.09 between August 16 and August 23, while those in the 10 million band ticked up from 106.59 to 107.86. At current prices around $0.25, this represents millions of dollars in added exposure, signaling confidence in further upside.
RSI Divergence Strengthens the Case
The accumulation trend is backed by technical momentum. Despite prices dipping from $0.23 to $0.22 between August 19 and 22, the Relative Strength Index climbed from 43 to 51, a bullish divergence that indicates buyers were quietly absorbing supply even as spot prices slipped.
Key Levels to Watch
HBAR currently trades near $0.25. Breaking resistance at $0.27 could set the stage for a push toward $0.30, potentially allowing the token to outperform the broader market. Failure to hold above $0.22, however, risks exposing the price to deeper declines, with $0.15 seen as the next major support.
Together, the whale buying and improving RSI suggest HBAR’s latest pause may be less about fading momentum and more about building a base for the next move higher.
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Filed under: Bitcoin - @ August 24, 2025 6:00 am