Hedera (HBAR) was under pressure until late August, extending its losing streak to September. On monthly views, HBAR prices have fallen 8.8%, continuing the downtrend that has been ongoing since mid-August. The revision comes after a massive gathering at the beginning of the year when HBAR rose more than 350%. This now feels like a distant memory.
Despite their weaknesses, some large holders are quietly beginning to add their positions, indicating that not all players are bearish. However, technical indicators suggest caution.
Whales accumulate over $11 million in HBAR
On-chain data shows that whales are steadily accumulating Hedera despite low token price trends. Over the past week, two important cohorts – wallets holding at least 1 million HBAR and 10 million HBAR – have added a notable balance in particular.
The HBAR cohort of 1 million has increased from 84.33 to 86.30 accounts, indicating an additional 1.97 million tokens, worth around $445,000 at the current price of $0.226. The 10 million HBAR cohort increased from 108.62 to 113.45 accounts, converted to at least 48.3 million tokens, worth around $10.92 million.
In total, the whale has acquired over HBAR of 50 million, valued at around $11.36 million over the past week. This stable purchase suggests that large investors are still committed despite a month-long downward trend in Hedera Price.
However, whale accumulation does not always lead to immediate price increases. In many cases, retailers who control short-term flows may still be selling. Here, technical signals such as RSI divergence provide important context.
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How to see hidden bearish branching clouds
Relative Strength Index (RSI) is a momentum index that measures whether an asset is being acquired or over-acquired. Differences between price action and RSI often provide early warning signals.
On the four-hour chart, HBAR formed a hidden bearish divergence. While prices have lowered highs, RSI has printed higher highs. This pattern suggests that sales pressure is controlled even when momentum indicators usually appear stronger on the surface.
In reality, this means that despite the whales adding millions of tokens, the underlying trend remains leaning towards debilitating, perhaps due to retail-centric sales pressure.
This fork reinforces the risk that HBAR prices may continue to slip, especially if retail sales exceed whale accumulation. That shows that while the whales may be stubbornly hoping to optimism after a massive Hbar rally earlier this year, their short-term momentum remains vulnerable.
Hedera (HBAR) price levels highlight risk
The daily HBAR price chart highlights the key levels that define the HBAR path in the coming days. Immediate support for watching is $0.219. The decisive daily closure below this level exposes prices to deeper losses, confirming the continued downward trend for a month.
The advantage is that regaining $0.240 helps neutralize bearish bias, but sustained moves above $0.260 mark a complete trend reversal. The wider structure remains fragile until these levels break.
Disclaimer
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