The strong price increase of Bitcoin and Ethereum seems to have spread to altcoins, with HBAR recording promising accumulation signs.
After a slight correction, the price of HBAR has recovered and surpassed the $0.23 threshold, while the increasing demand from whales may create strong momentum, pushing the price higher in the coming days.
Giant whales accumulating
Giant whales are accumulating HBAR at the fastest rate this month, a promising signal. According to data from the Hedera whale tracking tool, whale wallets holding over $10 million worth of HBAR recorded a significant increase from 81.72% to 87.56% in the period from July 9 to July 15. This is the highest holding rate of whales in recent weeks.
This strong increase not only reflects the solid confidence of major investors in HBAR but also signifies expectations that the price will continue to rise in the future. As these 'giant whales' rapidly increase their holdings, it signals confidence in the asset's growth potential and may hint at insider information driving the upcoming price surge.
Cooling money flow
The Chaikin Money Flow (CMF) indicator is cooling down, opening up opportunities for the next breakout of HBAR. The CMF indicator, which tracks volume and the direction of money flow into and out of an asset, has slightly reached the overbought level during HBAR's recent bullish run. However, as of July 15th, the CMF indicator has cooled down, indicating that this asset may have been adjusted enough for buyers to continue pushing the price.
The decline in CMF has caused HBAR's price to adjust over 9% daily, but this index quickly recovered and is currently trading above the $0.23 level. When the CMF shifts to a neutral level after the price cools down, it is often a sign paving the way for the next breakout. This could be further reinforced as whales continue to accumulate, creating a promising picture for a new bullish phase.
Current price status of HBAR
In the past week, HBAR has seen a 49% increase, reaching a value of $0.23 despite a slight correction on the day amid the broader market context. This milestone has lifted HBAR's total market capitalization to nearly $10 billion, while the trading volume in the past 24 hours has exceeded $1 billion. Currently, the total circulating supply of HBAR is 42 billion.
Part of this growth is due to Lloyds Bank and Aberdeen Investments starting to use the Hedera network for a new type of financial transaction. Bloomberg reported that this transaction represents digital tokens for Aberdeen's money market funds along with UK government bonds, all of which are issued, transmitted, and stored on the Hedera blockchain. This process is fully compliant with the current regulations and financial standards in the UK.
Hedera is not only stopping at the finance sector but is also expanding into AI applications in the public sector. Recently, on June 11th, the Hedera Foundation announced a collaborative project with Accenture and EQTYLab to develop a system that helps public authorities deploy AI transparently and in a verifiable manner. These tools will run on the Hedera platform, creating an infrastructure that allows agencies to easily monitor and verify the automated decision-making process of AI.
This project has the potential to usher in a new era for AI applications supported by blockchain in government, thereby enhancing accountability and public information transparency.
Price increase potential
The current level of $0.23 is acting as an important support threshold that buyers need to maintain to keep the growth momentum.
The next bullish target for HBAR is predicted to be $0.29, which corresponds to a 27% increase from the current price. This price level is determined using the Fibonacci extension indicator, a popular tool for predicting potential resistance levels in the future. The Fibonacci indicator helps traders estimate where selling pressure may occur, based on past price movements.
In the case of HBAR, the Fibonacci level is calculated from the strong increase in early April 2025 to the peak in mid-May, and then extended from the retracement level on June 22. This suggests that the $0.29 level is a feasible target if the upward trend continues.
However, if the price of HBAR falls below $0.23, the upward trend will lose some strength. A true reversal only occurs if the price drops below $0.19, which corresponds to the Fibonacci level of 0.618 – a very strong support/resistance area and often a decisive point in maintaining or reversing the trend.
Furthermore, HBAR has broken through a descending wedge pattern, a signal often seen before strong price fluctuations. This breakout occurred with significantly increased trading volume, indicating a strong influx of investors after a long period of weak trading. According to analysis by STEPH IS CRYPTO, if this trend continues, the price level of $0.70 could be the next short-term target.
Closing the weekly price above this resistance level could drive the current growth momentum, placing HBAR into a stronger volatility cycle. According to data from Coinglass, HBAR also recorded strong capital inflow, with a net purchase of $5.11 million in the past 24 hours — the largest figure in the past six months.
Additionally, STEPH IS CRYPTO also predicted that the approval probability for the HBAR spot ETF could reach 90% by 2025, creating a new wave of investment in the crypto community.
