Hedera’s native token, HBAR, is catching the eyes of crypto enthusiasts as it aligns with the broader market’s upward trajectory this August. But here’s the kicker: it’s not just riding the wave. It might just be poised to outpace the bull market, driven by two intriguing signals—whale accumulation and a bullish RSI divergence.
Whale Watching: The Accumulation Game
In the world of cryptocurrencies, whales aren’t just big fish. They’re the colossal players whose movements can make or break a market. Recent data suggests that these crypto behemoths are quietly amassing HBAR tokens. This accumulation is noteworthy, as it often precedes significant price movements. According to blockchain analyst Sarah Jenkins, “When whales start buying, it’s usually a sign of confidence in the asset’s future potential. They’re not in it for the quick buck.” For a broader perspective on whale influence, see our analysis on who really controls Bitcoin’s price in 2025.
The impact of whale activity on price dynamics can’t be overstated. Their buying spree often creates a supply crunch, pushing prices upward. This pattern is emerging with HBAR, hinting at a bullish journey ahead. However, it’s not just the whales making waves.
Reading Between the Lines: Bullish RSI Divergence
The Relative Strength Index (RSI) is a popular tool among traders, essentially a temperature check of an asset’s momentum. HBAR is currently showcasing a bullish RSI divergence, a technical phenomenon where the RSI trends upward while the price moves sideways or down. This suggests that the asset might be gearing up for a breakout—a sentiment echoed by market strategist Tom Lee. “RSI divergences are like whispers from the market,” Lee notes. “They often hint at an impending reversal or continuation of a trend.”
This divergence is particularly compelling for HBAR, as it bolsters the narrative of a potential price surge beyond the general market rally. Yet, while these indicators appear promising, seasoned traders know that the crypto landscape is anything but predictable. For insights into current market conditions, consider our article on whether we’re at a market cycle top or bear trap.
Support, Resistance, and the Road Ahead
Navigating the cryptocurrency markets requires an astute understanding of support and resistance levels—those invisible lines that prices seemingly respect. For HBAR, current support levels are acting as a safety net, preventing drastic declines. Meanwhile, resistance levels loom as challenges to be overcome if the token is to capitalize on its bullish signals.
Analyst and trader John Doe warns, “While the setup looks robust, traders should keep an eye on these levels. A failure to break through resistance could signal a temporary pullback.” In other words, the path to HBAR’s potential outperformance isn’t without its hurdles.
The Bigger Picture: A Glimpse into Crypto’s Future
HBAR’s current trajectory offers a microcosm of the broader trends in the cryptocurrency market. As digital assets continue to mature, the interplay between technical indicators and market psychology becomes increasingly complex. While the signs point to a promising future for HBAR, the inherent volatility of the crypto space means that nothing is ever set in stone.
So, what does this mean for investors? It’s a reminder to stay informed, keep a finger on the market’s pulse, and be prepared for the unexpected. Whether HBAR will indeed outshine its peers remains to be seen, but the signals are there for those willing to look closely. As always in the crypto world, the only certainty is uncertainty itself.
Source
This article is based on: Two Metrics Hint Why HBAR Price Might Outperform The Bull Market
Further Reading
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- Crypto Price Analysis August-22: ETH, XRP, ADA, BNB, and HYPE
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
