After several days of flat trading, Hedera’s HBAR token is currently in a consolidation phase, indicating a lack of clear market direction. However, investor activity is increasing, and early signs suggest that bearish pressure may be easing. The Chaikin Money Flow (CMF) indicator has risen significantly, signaling a notable reduction in selling pressure. If CMF continues to improve and breaks above the zero line, HBAR will register net inflows, helping restore trader confidence and fueling upward price momentum.
(Source: TradingView)
Meanwhile, HBAR’s correlation with Bitcoin has dropped to 0.62, indicating the token is becoming less dependent on Bitcoin’s trends and may be developing its own independent upward momentum. This divergence is positive, as Bitcoin has yet to establish a clear recovery path. If HBAR continues to decouple while investor sentiment improves, it could outperform the broader market.
In terms of price, HBAR has fallen about 5% in the past 24 hours and has been fluctuating between $0.130 and $0.150 over the past three weeks. The current local support level is at $0.141. If market sentiment improves and is accompanied by capital inflows, HBAR could rebound to $0.150 and further challenge the resistance at $0.162. On the other hand, if confidence weakens, the price could fall below the $0.130 support and even further down to $0.125.
Overall, HBAR’s consolidation phase is gradually building potential upward momentum. Improved capital flows and decreasing correlation with Bitcoin are supporting an independent trend. Investors should monitor key support and resistance levels, as well as changes in capital inflows, to determine the next stage of price movement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst: If the US-Iran conflict persists for months, debt expansion could benefit Bitcoin
Macro strategist Mark Connors stated that if the conflict between the US and Iran continues, increased fiscal spending and debt expansion could benefit Bitcoin. He pointed out that war financing will increase the supply of US dollars, weaken the currency's value, and drive Bitcoin higher. Since the conflict began, Bitcoin has risen approximately 3.6%.
GateNews12m ago
No, Bitcoin Is Not Forming 'Cup and Handle' Pattern to $500,000, Says Peter Brandt - U.Today
Peter Brandt, a veteran market analyst, strongly criticizes the prediction of Bitcoin reaching $500,000, arguing it misinterprets the "cup and handle" pattern. He emphasizes the necessity of proper technical analysis and warns against unwarranted optimism based on flawed interpretations.
UToday1h ago
