Hedera (HBAR) has recently attracted attention, with a rise of over 5% on Friday, echoing the rebound trend of the overall encryption market. However, a deeper analysis shows that HBAR may outperform other encryption assets in the coming days, a prediction based on two key factors.

First of all, the behavior of large holders (commonly known as "whales") is worth paying attention to. From August 16 to 23, the number of accounts holding over 1 million HBAR tokens increased from 82.41 to 84.09, while the number of accounts holding over 10 million tokens rose from 106.59 to 107.86. This trend indicates that significant investors are increasing their HBAR holdings, reflecting their optimistic expectations for the future price movement of this asset.

Secondly, the technical indicators are also sending positive signals. Between August 19 and 22, although the HBAR price slightly declined from $0.23 to $0.22, the Relative Strength Index (RSI) rose against the trend, increasing from 43 to 51. This divergence is often interpreted as potential buying interest accumulating, suggesting that even in the face of short-term price weakness, market interest in HBAR is still increasing.

Currently, the trading price of HBAR is approximately $0.25. From a technical analysis perspective, if HBAR can break through the resistance level of $0.27, it may open up space for further increases to $0.30 or even higher levels. However, investors should also be wary of downside risks; if the price falls below the support level of $0.22, it could lead to further declines to around $0.15.

It is worth noting that while these indicators provide positive signals for HBAR's short-term prospects, the high volatility of the cryptocurrency market means that investors should remain cautious. Market sentiment, regulatory changes, and broader economic factors can all have a significant impact on HBAR's price movements. Therefore, it is crucial to conduct thorough research and risk assessment before making any investment decisions.