Hedera (HBAR) Eyes $0.32 Retest as Whale Accumulation and Bullish Momentum Intensify
Hedera's HBAR is currently trading at $0.27163, marking a 1.33% intraday decline. Despite this, both technical indicators and on-chain metrics suggest a bullish continuation. Notably, whale wallet growth underscores increasing institutional interest, with 10M HBAR addresses surging 91.6% since August 2024—the most significant rise among mid-tier holders.
Data from analyst Steph_iscrypto reveals strategic positioning: 1M HBAR wallets grew by 71.4%, while 100M+ addresses expanded by 31.9%, indicating new institutional entrants rather than early adopters are driving demand. The March 2025 acceleration in 10M-tier accumulation aligns with network developments, mirroring historical patterns where mid-sized holder growth precedes price breakouts.