💥 $HBAR Price Can Rise Another 27% as Mega Whales Tighten Grip on Supply


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.