After a recent market downturn, Hedera (HBAR) is displaying encouraging signals that suggest a shift from decline to early recovery. Key on-chain data and technical indicators point towards a significant reduction in selling pressure and renewed accumulation, potentially paving the way for a price rebound.
Whales Step In as Selling Pressure Fades
A key driver of this optimistic outlook is a dramatic drop in selling pressure. Data shows that the flow of HBAR tokens to exchanges, which often signals an intent to sell, has fallen by 88% since October 11, dropping from $4.43 million to just $517,000. This indicates that short-term panic has likely subsided.
Simultaneously, larger investors appear to be accumulating HBAR. The Chaikin Money Flow (CMF), an indicator that tracks the movement of money in and out of an asset, has turned positive, confirming that whales are adding capital rather than exiting. This buying from large wallets is helping to absorb available supply and create a firmer foundation for price stability.
Technical Signals and Key Price Levels to Watch
The improving on-chain picture is now reflecting on the price charts. A bullish divergence has emerged in the Relative Strength Index (RSI). This means that while HBAR’s price hit a lower low during the recent crash, the RSI indicator made a higher low, signaling that the momentum of the downtrend is weakening.
For this rebound to gain real traction, the price must clear a significant technical hurdle. A sustained breakout above the $0.22 resistance level is crucial, as this zone has capped multiple recovery attempts in recent months. A successful move above this resistance could open the path toward $0.25, and if momentum holds, even $0.30 in the near term.
However, the structure remains fragile. Traders should note that a drop below the $0.16 support level could invalidate the rebound setup, potentially exposing the token to further losses toward $0.14
In summary, HBAR is at a potential turning point. With selling pressure down significantly and larger players showing confidence, the stage is set for a recovery, provided the price can conquer key resistance levels.
