Although the price of Hedera (HBAR) has recorded a monthly drop close to 29%, large investors are executing aggressive purchases. Recent on-chain data reveals a massive accumulation of HBAR tokens by “whales,” who have added 3.42 billion units in less than 48 hours. Ananda Banerjee, market analyst, highlighted that this divergence between price and institutional capital flow suggests the formation of a solid bottom.
On the other hand, the breakdown of on-chain metrics shows a significant increase in high-hierarchy wallets. The number of accounts holding at least 10 million HBAR increased from 136 to 149 in the last two days. Likewise, addresses with more than 100 million tokens jumped from 40 to 73, representing a capital injection of approximately 445 million dollars. This behavior contrasts drastically with the weakness shown by retail investors, whose trading volume has decreased according to the OBV (On-Balance Volume) indicator.
Furthermore, technical analysis reveals that the asset is moving within a falling wedge, a pattern that traditionally has bullish implications. Although general market sentiment seems negative due to recent price action, large holders appear to be taking advantage of liquidity to position themselves strategically. The discrepancy between retail selling and institutional buying is often a precursor to volatile movements.
Could this technical divergence anticipate an imminent trend change in the short term?
It is fundamental to observe that, while the price was marking lower lows between October and December, the Relative Strength Index (RSI) was drawing higher lows. This classic bullish divergence indicates that selling pressure is exhausting, despite what the simple price chart suggests. The combination of positive technical signals with massive whale capital inflows strengthens the thesis of a trend reversal. Previously, similar patterns resulted in bounces of 12% and 15% from local lows.
On another note, for this optimistic scenario to be confirmed, HBAR must overcome critical technical barriers. The $0.159 level presents itself as the immediate resistance that bulls must reclaim to validate the structure change. A successful breakout above this zone would open the path towards higher targets at $0.198 and $0.219. However, if the price loses the $0.122 support, the recovery could be significantly delayed.
Finally, the cryptocurrency market watches closely to see if whale strength will be enough to reverse the trend. The current situation presents a high-risk, high-reward opportunity, where smart money seems to have made its decision. Investors should monitor the daily close regarding the key levels mentioned to confirm the future direction. The massive accumulation of HBAR tokens is, without a doubt, the most potent signal in the Hedera ecosystem today.
