HBAR Price Set for Breakout as Whales Load Up
Hedera's price is currently at $0.07, and it has been in a state of stasis, with no major movement in the last 24 hours. According to Timothy Morano, this could be a sign that the market is coiling before a sharp directional resolution.
The Bollinger Bands have converged to a single level at $0.07, indicating extreme compression. This type of squeeze typically precedes moves of 15-30% or more in either direction, often within days, not weeks.
Smart money accounts are positioned 57.6% long and 42.4% short, with aggressive taker buying running at nearly twice the rate of selling. This suggests that whales are loading up on HBAR while retail traders sleep.