HBAR Mega Whale Accumulation and Chaikin Money Flow Suggest Potential for Further Price Gains
2025-07-15 07:27:10
Main Idea
HBAR's price could potentially rally to $0.29 if the $0.23 support level holds, driven by mega whale accumulation and a reset in the Chaikin Money Flow indicator.
Key Points
1. Mega whale wallets holding $10 million or more in HBAR increased their share from 81.72% to 87.56% between July 9 and July 15, signaling strong market confidence.
2. The Chaikin Money Flow (CMF) indicator reset to neutral levels after a short-term correction, suggesting room for bullish momentum.
3. HBAR's price is currently trading just above the critical $0.23 support level, with a potential 27% rally target at $0.29 if support holds.
4. A break below $0.23 could weaken the bullish trend, but the 0.618 Fibonacci retracement level is seen as strong support.
5. The combination of whale accumulation and CMF reset indicates a potentially strong bullish phase for HBAR.
Description
Mega whale wallets holding over $10 million in HBAR surged from 81.72% to 87.56% within six days, signaling strong accumulation among top holders. The Chaikin Money Flow indicator has reset,
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