Hedera (HBAR) has joined the list of altcoins bouncing back after the recent crypto market crash. HBAR price is up more than 9% in the past 24 hours, trimming part of its 15% weekly loss.
While HBAR is still down 20% over the past three months (adopting a downtrend), the latest technical and on-chain readings suggest the trend may be shifting from decline to early recovery.
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Whales Step In as Selling Pressure Fades
HBAR’s selling pressure has cooled sharply since October 11. Exchange inflows — which show coins being sent for selling — have fallen from $4.43 million to just $517,000, marking an 88% drop at press time. This means fewer traders are offloading tokens, and short-term panic has likely eased.
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The Chaikin Money Flow (CMF), which tracks larger wallet movements, has also turned strongly positive, now around 0.10, confirming that whales are adding capital rather than exiting. Notably, CMF began rising around October 7 and didn’t fall through the HBAR price crash— showing that large holders stayed confident through the crash.
Meanwhile, the Money Flow Index (MFI), which reflects overall trading activity and retail flows, is trending lower. This points to weaker retail participation and suggests that whales might be the main force offsetting selling pressure for now.
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Together, easing exchange inflows, rising CMF, and a softer MFI point to early-stage accumulation — one likely driven by large wallets preparing for a longer recovery phase. If retail joins in over the next few days, the HBAR price rebound narrative might gain some more steam.
Bullish Divergence Hints at a Possible HBAR Price Turnaround
The improving on-chain picture is now beginning to show up on the HBAR price charts, too. After weeks of selling pressure, HBAR’s three-month, 20% downtrend appears to be slowing. Prices are still moving under a descending trendline, but early signals suggest that bearish momentum may be fading — and that a recovery could be taking shape.
The Relative Strength Index (RSI), which measures the strength of price moves, is showing bullish divergence — one of the first technical signs of reversal. Between June 22 and October 10, HBAR’s price made a lower low (courtesy of the crash), but the RSI made a higher low. This pattern means that while prices kept falling, the pace of selling was weakening.
The pressure that once drove the HBAR price lower is easing, likely in line with whales starting to absorb supply.
If this shift continues, the next confirmation will come with a Hedera (HBAR) price breakout above $0.22, a resistance zone that has capped multiple recovery attempts in recent months. A successful move beyond it could allow HBAR to push toward $0.25, and if momentum holds, even $0.30 in the near term.
However, the structure remains fragile as long as the HBAR price trades below that descending trendline. A drop under $0.16 could invalidate the rebound setup, exposing the next major support at $0.14, where buyers would need to step back in to prevent deeper losses.
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