HBAR Price Shrugs Off ETF Buzz, But Whales Are Smiling – A Hidden Bullish Tale!

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Oh dear, HBAR has been having quite the tumble lately! Falling nearly 9% in the last week, and 4% more in just the past 24 hours. What’s going on? Well, the latest rumors suggest that BlackRock might be getting all cozy with an HBAR ETF. If true, it would be the third major fund to hitch its wagon to HBAR-after Canary and Grayscale, of course.

But don’t you dare hold your breath waiting for a price surge. No, the market hasn’t exactly exploded in the kind of ETF-fueled euphoria you’d expect. Nope, instead, HBAR is quietly doing its thing-dropping, correcting, and playing it cool while something quite bullish is brewing underneath… and it’s got something to do with whales. 🐋

Whales Gobbling Up the Dip, Like Hungry Little Sea Creatures

From August 11 to August 18, wallets holding 10 million or more HBAR shot up from 102.28 to 106.85. That’s an increase of 4.57 wallets, which means at least 45.7 million HBAR was scooped up like a snack. 🐋💰

And guess what? This buying frenzy happened while the price of HBAR was dropping from $0.26 to $0.24-an 8% fall! In other words, while the rest of the market was freaking out or sitting on their hands, the big fish (whales) were happily filling their bags. 🦈

This isn’t your average panic sell-off, folks. No, no! This is high-conviction buying happening during a dip, probably in preparation for the ETF rumors to become reality-or maybe a technical chart pattern is just waiting to break free. Who knows? 🤷‍♂️

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Two Bullish HBAR Price Patterns That Are Just Too Tempting

Hold your horses, there’s more! Let’s talk about the charts, baby. If you look at the daily HBAR chart (on a shorter time frame, of course), you’ll see a face-off between the bulls and bears. It’s like a battle royale, and neither side is ready to admit defeat yet. So what happens next? Well, that’s up to the big players to decide! 🎮

Now, the Bull Bear Power (BBP) indicator is giving us a hint. It’s like a little tug-of-war between the highs and lows, and at the moment? A stalemate. Neither bulls nor bears are totally dominating. 😬

But here’s the kicker! The 3-day chart tells a different story-one with two *very* clear bullish signals just begging for attention. 📈

First, there’s an ascending triangle that refuses to break down. This formation is like a stubborn mountain climber, with rising lows and a resistance trendline that just won’t budge. The key resistance levels? They’re sitting pretty at $0.26 and $0.29, forming the upper trendlines of the triangle. 😏

If HBAR manages to close above $0.30, that’s when things get interesting. It could flip the mid-term trend into a bullish rally, and we’ll all be laughing all the way to the bank! 💸

Second, and here’s the juicy part: a hidden bullish RSI divergence is quietly forming. Between July 30 and August 17, the price made higher lows while the 3-day RSI made lower lows. This is classic “the sellers are losing grip” behavior. Hold on tight, folks, momentum could be about to shift! 🔥

If the whale buying continues and the RSI divergence kicks in, we might just see a breakout above the $0.30 level. And if BlackRock’s ETF rumor turns out to be true? Well, let’s just say the bullish chart pattern might get a big ol’ boost. 🚀

Of course, a dip under $0.22 would send everything crashing back down, so let’s keep our fingers crossed for that not to happen, eh? 🤞

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2025-08-18 20:08