- Hedera (HBAR) completes a long accumulation phase, breaking higher and forming higher highs and higher lows.
- The Canary HBAR ETF surged over 10% in one week, reflecting institutional interest and strong buying pressure.
- HBAR transaction data is now on Google Cloud BigQuery, enabling developers to access historical records and compare with other major blockchains.
Hedera (HBAR) demonstrates notable strength after breaking out from a prolonged accumulation period. Price action suggests potential for further upward movement if key support levels hold. Recent data and technical patterns indicate renewed investor focus on HBAR.
Long-Term Price Structure and Accumulation
Hedera’s long-term weekly chart shows a clear recovery pattern following a severe downtrend from 2021 highs. The market experienced a decline of approximately -92.23%, forming a broad accumulation zone lasting around 686 days.
This extended consolidation phase indicates a potential structural shift in the market.Following this accumulation, HBAR broke out and established higher highs and higher lows.
Source Javon Marks on X
These movements suggest the transition from extended bearish activity to a bullish structure. Price retracement near $0.10–$0.12 may provide strong support for continued upward movement.
In a post on X,analyst JAVONMARKS notes a potential run toward $0.504, representing over 150% growth from current levels.Technical projections on the chart indicate target zones near $0.604 and $0.842.
He further suggests that a break above this target could bring $0.962 into consideration, reflecting possible extended bullish momentum.
Short-Term Momentum and Pullback
On the 1-hour HBAR/USDT chart, the market has recently shifted momentum to bullish.Price movements show higher highs and higher lows indicating a healthy correction within the uptrend.
Source CW Via X
Maintaining a price above $0.180 could allow HBAR for more upward momentum.Conversely, a break below support may open paths toward lower demand areas. This short-term sentiment reflects cautious optimism for market participants.
Institutional Interest and Data Integration
The Canary Capital Group LLX Canary HBAR ETF (HBR) reflects growing investor confidence, closing at $26.54 on November 10. The fund gained 10.15% in a week and saw a strong breakout above $25.00 and a peak near $27.50.
Source ALLINN CRYPTO on X
Volume activity suggests institutional participation during the recent surge.Hedera’s transaction data is now accessible on Google Cloud BigQuery, giving developers and researchers easy access to historical records.
This integration also lets users compare activity with Bitcoin, Ethereum, and Polygon for broader analysis.Sustained closes above $26.50 could indicate potential continuation in HBAR-related assets, driven by both technical and institutional factors.
