- Hedera (HBAR) price remains below $0.504 resistance, with technical breakout potential suggesting a 104% surge followed by extended bullish momentum.
- Whale accounts added 128 million HBAR in less than a week, signaling confidence through strong accumulation worth over $30 million.
- The RSI confirmed stronger upward momentum as volume spiked, aligning with breakout conditions that could position HBAR for nearly 300% growth.
Hedera (HBAR) is currently trade at $0.24, having decreased to 5.57% in the past 24 hours, although HBAR is 9.30% higher on the week. The asset is now below a key resistance point and the possibility of a breakout is forming.
Breakout Target at $0.504 Draws Market Attention
Crypto analyst Javon Marks noted that HBAR is positioned directly under the $0.504 target. He suggested a breakout could lead to an extended upward move. The technical setup shows a clear break from a long-term downtrend, ending more than 600 days of consolidation.
This base-building phase provided HBAR with renewed strength and buying activity, creating the foundation for a possible extended rally. If the $0.504 resistance gives way, Marks indicated the token could surge by over 104% from current levels.
Beyond that initial target, Marks identified the next key level near $0.962. A move toward this zone could add another 88% upside. Combined, these levels open the door to nearly 300% growth from present prices.
Whale Accumulation Adds to Market Momentum
Large holders have been steadily accumulating HBAR during the recent price setup. Between September 6 and September 11, accounts holding more than 10 million tokens rose from 117.76 to 119.54. This increase reflected an additional 18 million tokens absorbed by whales.
During the same period, the number of addresses with at least 100 million HBAR expanded from 34.06 to 35.16. This shift represented a purchase of more than 110 million tokens. Together, whales secured at least 128 million HBAR, valued above $30 million in under a week.
Such accumulation provides support for stronger price action, as large investors typically influence overall market direction. Their activity has aligned closely with technical levels now in focus.
RSI Movement Supports Breakout Scenario
The Relative Strength Index (RSI) has recorded an important move, pointing to growing upward momentum in HBAR. This measure tracks buying and selling pressure, and rising readings often indicate intensified accumulation.
The combination of technical breakout potential and whale confidence suggests conditions favor an advance if $0.504 is surpassed. Momentum at this stage reflects increasing market conviction, with volume spikes adding weight to the breakout case.
Traders continue watching this level as the decisive barrier for HBAR’s next phase. A successful move higher would bring the $0.962 target within sight.
