HBAR Mega Whale Accumulation and Chaikin Money Flow Suggest Potential for Further Price Gains

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.