Hedera Whales Pick Up 3.4 Billion HBAR Despite the Dip — What Are They Seeing?

Despite HBAR's recent monthly drop of nearly 29% and weak short-term price action, large holders (whales) have significantly increased their positions, accumulating about 3.42 billion HBAR in under 48 hours. This accumulation contrasts with weak retail interest, as indicated by a bearish divergence between price and On-Balance Volume (OBV). However, the price chart shows a repeated bullish divergence between price and the Relative Strength Index (RSI) that preceded previous bounces. Whales may be positioning for a trend reversal based on this deeper signal. Key resistance for HBAR is $0.159; a daily close above this level could confirm a bullish shift and open the way toward $0.198 and $0.219, validating the massive whale accumulation.

(Source：BeInCrypto)