In accordance with BeInCrypto, Hedera (HBAR) has seen a short-term rebound, gaining over 14% this week. However, the price remains down nearly 9% for the month, signaling a broader downtrend. While the Smart Money Index and Money Flow Index suggest optimism among experienced and retail traders, data indicates that large HBAR holders have reduced their holdings by 1.1% in under two weeks, representing at least $20.9 million in value. This whale activity, combined with bearish divergence on the daily chart, raises concerns about a potential deeper correction if key support levels break.
HBAR Price Faces Potential Correction as Whales Exit Amid Mixed Market Signals
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