Prices for Hedera (HBAR) rose more than 5% on Friday, taking part in a wider crypto rallies. While most assets are responding to optimism about potential September interest rate cuts, two important signals suggest that HBAR can outperform peers in the coming days.
One group’s accumulation patterns and bullish technical signs flashing supportive signs.
Whale accumulation strengthens the outlook
Over the past week, large HBAR holders have expanded their positions. Accounts holding at least 1 million tokens increased from 82.41 on August 16th to 84.09 on August 23rd. Similarly, the 10 million token bands rose from 106.59 to 107.86 over the same period.
The current HBAR price is $0.25, and this increase represents an additional 1.68 million tokens ($420,000) for 1 million bands and 1.27 million tokens ($317,500) for 10 million bands.
A stable accumulation emphasizes quiet confidence among whales and implies expectations of further benefits.
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RSI Divergence adds another bullish class
Whale accumulation is now echoed by momentum signals. Between August 19 and August 22, the HBAR price slipped from $0.23 to $0.22, marking a low chart value.
However, during the same stretch, the relative strength index (RSI) – a momentum indicator that tracks the balance of trading pressure – rose from 43 to 51 at the bottom.
This bullish divergence suggests that price action is weak, while underlying demand has actually been strengthened. In other words, buyers quietly absorbed supply even when spot prices soaked, strengthening the stable accumulation already seen among whale cohorts.
The combination of rising whale holdings and improved RSI shows a growing conviction in the market, suggesting that the recent pause is not a sign of easing momentum, but is the basis for the next move’s rise.
HBAR price action and key levels
HBAR prices are currently trading nearly $0.25, exceeding immediate support. For a stronger rally, you need to clear the resistance at $0.27. A successful breakout could push the price up to $0.30 or more, surpassing the broader market.
Conversely, if you can’t retain support, the downsides can pose risk. Below $0.22 the price could drop even further, with technical support almost dropping to $0.15.
Post 2 Metrics suggest why HBAR pricing first appeared on Buincrypto.
