Hedera HBAR Sees Whale Accumulation Despite Price Dip
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR's price dropped 9% to $0.24 this week, even amid rumors of a BlackRock ETF—a scenario that typically triggers rallies. Between August 11-18, whale wallets holding 10 million or more tokens increased by 4.57, accumulating at least 45.7 million HBAR during the downturn.
Technical analysis reveals two bullish patterns: an ascending triangle and hidden RSI divergence, pointing to potential upside. Institutional buyers showed strong conviction, scaling up positions while retail investors hesitated.
This accumulation occurs against a backdrop of broader market uncertainty, yet whales appear to be positioning for a reversal. Chart patterns indicate a balance between buyers and sellers, with neither side gaining clear short-term dominance.
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