Hedera (HBAR) Eyes Short-Term Bounce as Whales Accumulate

Hedera’s native token HBAR slipped just under 1% in the past 24 hours, trading around $0.225. Despite the dip, the asset has held onto a modest 3% gain over the past month, outperforming many peers during September’s market turbulence. With “Uptober” now underway, the setup hints at a potential sharp bounce of around 12%.

Whale Accumulation Signals Confidence

Large holders have been steadily increasing their positions in recent weeks. Between September 25 and October 3, the number of wallets with more than 10 million HBAR grew from 122.33 to 128.17, while wallets holding over 100 million tokens jumped from 30.76 to 38.46. This expansion represents at least 828 million HBAR added — a minimum injection of roughly $186 million at current prices. Analysts suggest this accumulation reflects whale confidence in a near-term upward move.

Technical Momentum Aligns with Capital Inflows

Momentum indicators on the four-hour chart point to strengthening buying pressure. The 20-period exponential moving average is nearing a crossover with the 100-period EMA, a pattern often referred to as a “golden crossover.” While this typically suggests a short-term move rather than a long-term reversal, the alignment with whale activity adds weight to the bullish scenario.

Resistance Levels and Potential Targets

HBAR continues to trade within an ascending channel that provides a clear path for potential gains. Immediate resistance is clustered between $0.230 and $0.237. A decisive breakout above this zone could open the way toward $0.257, representing a 12% rise from current levels. Secondary resistance levels sit at $0.245 and $0.252, while downside support is expected around $0.222 and $0.219 in case of a pullback.

Outlook: Uptober Bounce in Play

The combination of whale accumulation and technical momentum paints a favorable short-term picture for Hedera. While the move may not mark the beginning of a sustained rally, a defined bounce appears likely if HBAR breaks above $0.230. With nearly a billion tokens added by large holders and a crossover pattern forming, the coming days could prove pivotal for the token’s near-term trajectory.