HBAR whale holdings jump 5% in a week; is a price breakout ahead?

HBAR’s whale wallets saw a notable rise, with holdings of over 1 million HBAR increasing from 67.28% to 71.41%. Funding rates peaked at 0.057% on July 18 and currently sit at 0.01%, supporting the bullish outlook and potential for continued price growth.

HBAR is trading close to the $0.27 level, corresponding to the 0.382 Fibonacci extension level, having broken resistance at $0.25. If the price holds above this level, resistance is expected at $0.28 and $0.30, which could lead to a breakout exceeding $0.35.