After breaking out of a descending channel, Hedera (HBAR) price surged by around 35% and is now trading near $0.21. But according to analyst Mark (@markchadwickx on X), the real test is just ahead.
Mark points out that recent buying from whales is one of the key reasons behind the current Hedera price spike. These large players are buying significant amounts of HBAR, and that kind of behavior often signals strong confidence in the token’s future.
In fact, Mark notes that both spot and futures trading volumes are rising together. That’s a bullish signal on its own. But when you also see large orders coming in from whales at the same time, it strengthens the case for more upside. According to him, the next major challenge for HBAR price is between $0.21 and $0.29.
This range is important because it acted as a major resistance zone during the previous triangle pattern consolidation. Back then, the price failed to move past it and pulled back. So now that HBAR is approaching this level again, it needs to break through it cleanly to continue the bullish momentum.
Futures Traders Are Turning Bullish on HBAR
The chart shared by Mark also shows something interesting about trader sentiment. Futures traders are starting to go long on HBAR. This is shown in the chart with strong green bars, meaning more people are betting that the HBAR price will go up.
🚨 Just In: major Whale buying is driving $HBAR price higher
— Mark (@markchadwickx) July 12, 2025
“Whale accumulation and rising spot and Futures volumes signal bullish momentum, with resistance at $0.21–$0.29 being the next key test.”
“Zooming down to technicals, the next test lies at the $0.21 to $0.29… pic.twitter.com/I5IjafHQJm
When this kind of sentiment lines up with whale accumulation, it often leads to another spike. That’s because both long-term investors and short-term speculators are now aligned in expecting higher prices.
So, Hedera price has strong momentum behind it. But for the spike to keep going, HBAR needs to push past that $0.21 to $0.29 range and hold above it.
HBAR Price Could Keep Rising If Resistance Breaks
Right now, everything looks set for HBAR. The bullish structure on the chart is clear. Whales are buying. Futures traders are confident. Volume is increasing.
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But as Mark warns, this upcoming resistance zone is not just a small barrier. It’s the same region that rejected price movement the last time HBAR tried to rally. If it breaks through this time, though, we could see the Hedera price climb even higher in the short term.
In simple terms, HBAR has the support it needs. Now all eyes are on whether it can break the next hurdle. If it does, Hedera might be getting ready for another strong leg up.
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