The Price Slumps, But HBAR Whales Buy the Dip
Despite a sharp monthly decline, the HBAR price movement remains poor, and significant holders are actively pushing back. Whale wallets have been accumulating rapidly, while retail activity remains low, and prices have stabilized near recent lows. This discrepancy between smart money conduct and price weakening indicates that a possible base may be developing underneath the surface.
HBAR Stuck in Falling Wedge as Whale Accumulation Grows
HBAR is still trading within a falling wedge formation. Although this pattern frequently indicates seller fatigue, recent bounces lacked conviction. While the price tried to stabilize, the on-balance volume trended lower. This demonstrates low retail engagement and erratic short-term demand.
The story of whales, however, is different. In just two days, wallets containing tens of millions of HBAR have increased. The increased supply amounts to hundreds of millions of dollars at current prices. Because these significant transfers most likely took place off-exchange, OBV has not been able to represent the buildup. Instead of speculating in the short term, this behavior suggests strategic positioning.
HBAR Flashes Bullish Divergence as Whales Step In
Early warning signs are flashing on momentum indicators. The Relative Strength Index created higher lows while the price printed lower lows. Several recent short-term rallies have been preceded by this bullish divergence. Scale is now the difference. Whales did not support previous rebounds. Not this one. A daily close above the main resistance area would break the wedge upward and validate a structural change. However, if current support is not maintained, downside danger persists. Whales seem to be betting that momentum will eventually catch up to positioning for the time being.
For more up-to-date crypto news, you can follow Crypto Data Space.
