While HBAR has recently been trading in a narrow band where low volatility stands out, the market focus has turned to the update on the Hedera network and over-the-counter transactions of large investors. The price remained tight between the $0.085 support and $0.095 resistance.
Whale transactions and price range
The market reportedly had major OTC transactions totaling $250 million ahead of the Hedera update on June 10. Hedera is known as a distributed ledger network focused on enterprise use. This activity indicated that positioning increased before technical changes in the network.
Mini dictionary: OTC means that trading transactions are carried out directly between the parties, outside the exchange order book. This method may be preferred to limit sudden fluctuations in price in high amount transactions.
In the evaluation shared by Cheeky Crypto on the X platform, it was stated that HBAR whales made $250 million OTC transfers before the June 10 update. It was stated in the post that this move may be related to the preparations made before the changes in the network.
In Cheeky Crypto’s post, it was noted that HBAR whales made an OTC movement of $250 million before the June 10 update and that this step was associated with the positioning before the network changes.
During the same period, price action remained confined around the middle band and volatility weakened. While the selling pressure repeated near the upper limit, it was seen that buyers stepped in in the lower regions. This structure showed that there was no significant break, neither upward nor downward, in the short term.
| Indicator | Level | Meaning |
|---|---|---|
| Support | $0.085 | Short-term zone defended by buyers |
| Resistance | $0.095 | Level limiting upside attempts |
| down target | $0.080 | Psychological threshold monitored in case of loss of support |
| up target | $0.102 | The level that may come to the fore if the resistance is exceeded |
Supply pressure and monitored levels
Not only major investor movements but also the increase in supply in the ecosystem were effective in the price outlook. It was stated that approximately 3.97 billion tokens are planned to be put into circulation within the scope of ecosystem financing, and this may create periodic sales pressure in horizontal market conditions.
However, HBAR remained above the $0.080 psychological threshold. While the $0.085 region was observed as a short-term demand area, it was reported that purchases limited the deepening decline in each test of this level. On the other hand, $0.095 remained the supply zone limiting upside continuation attempts.
It was evaluated that if a permanent close occurs above the $0.095 resistance, the price may find space towards the $0.102 level, whereas if the $0.085 support is lost, the $0.080 region may come to the fore again.
The overall outlook indicated that the neutral and in-band price structure was maintained in HBAR. Transaction behavior was shaped by institutional adoption narratives, on the one hand, and circulating supply adjustments, on the other. The price is expected to continue moving sideways within the current range until a significant breakout occurs.
