HBAR’s Whimsical 15% Leap: A Tale of Whales and Market Harmony 🐳💰

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Key Takeaways

  • HBAR’s whale accumulation and rising spot and Futures volumes signal bullish momentum, with resistance at $0.21–$0.29 being the next key test.

It is a truth universally acknowledged, that a cryptocurrency in possession of a good fortune must be in want of a rally. Such is the case with Hedera [HBAR], which, after a most delightful 15% price gain in the last 24 hours, has found itself the subject of much conversation and speculation.

While the overall market remains in a state of indecision, akin to a lady of fashion uncertain of her next gown, HBAR has decidedly taken the stage as one of the most notable performers of the day.

Whale activity is driving the rally

One cannot help but attribute this sudden and charming rise to the activities of the whales, those grand and mysterious creatures of the crypto sea. AMBCrypto, with its keen eye for detail, has observed a new wave of whales accumulating HBAR, a trend that began with the resurgence of BTC’s bullish spirit.

Such accumulation by whales, though often shrouded in mystery, has historically been followed by a most delightful and profitable price action, much to the delight of those who have placed their faith in HBAR.

Simultaneously, the trading activity has surged, with both spot and futures volumes rising in a manner that suggests a market in the throes of a passionate affair with HBAR. On key exchanges, buyers have taken the lead, a clear indication of a shift in market sentiment, one that leans decidedly towards the bulls.

Spot and futures markets are in harmony

In the spot market, buyers continue to outnumber sellers, a sign of strong demand for HBAR even as its price ascends to more elevated levels.

The derivatives market, too, is abuzz with bullish sentiment, with buyers maintaining their dominance. This suggests that traders are not only optimistic about the current rally but are also anticipating further gains.

The harmony between the spot and derivatives markets lends strength to the ongoing rally and increases the likelihood of sustained momentum, much like a well-orchestrated ball where every dancer is in perfect step.

What comes next for HBAR?

Turning to the technicals, the next challenge for HBAR lies at the $0.21 to $0.29 resistance levels, a region that has previously proven to be a formidable obstacle during the triangle pattern consolidation.

However, having broken free from the consolidation phase, HBAR bulls may find the strength to push past this region, opening the door to new heights.

Technical indicators are also turning bullish, though investors would do well to remain vigilant for any sudden surge in sell pressure, particularly from those short-term holders who may be eager to cash in on their gains.

As network usage and ecosystem participation gradually increase, the bullish momentum for HBAR seems set to continue, though the next few days will be crucial. For the time being, the bulls are in control, and a further bullish run remains a distinct possibility.

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2025-07-11 22:19