Hedera’s price has plummeted amid increasing market pressure across major cryptocurrencies. HBAR fell below a key support level that had protected the market for weeks, signaling a decline in confidence among traders.
Much of this weakness has to do with Bitcoin’s weakness, which continues to weigh heavily on correlated altcoins.
Hedera investors withdraw
The correlation between HBAR and Bitcoin has risen to 0.76, indicating that the altcoin is closely tracking the movement of BTC. If market conditions are stronger, this correlation will align with Bitcoin’s positive momentum and benefit Hedera. Rather, the current environment is amplifying risks and creating instability across the ecosystem.
Sponsored Sponsored
Bitcoin fell below $100,000 today, breaking through the psychological barrier of investors. HBAR reflected this decline by losing key support at $0.162. This synchronized decline highlights how vulnerable correlated assets can be during economic downturns, especially if broad sentiment turns defensive.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Hedera’s macro momentum is weakening as technical indicators indicate continued capital outflows. Chaikin Money Flow (CMF) has slipped deeper into negative territory. This move reflects reduced accumulation and suggests that buyers are retreating while sellers are leading the short-term direction.
Without inflows of liquidity, HBAR may struggle to recover from recent losses. Investor support is a key driver of upward momentum, and without it, the potential for a meaningful rebound is limited. Until inflows stabilize, altcoins are likely to face difficulty sustaining higher levels on the charts.
HBAR price loses important support
HBAR has fallen 7.5% in the past 24 hours and is trading at $0.160 at the time of writing. This level has prevented further losses several times in recent weeks, so a drop below $0.162 would indicate a major break.
If HBAR continues to fall below this broken support, the price could fall to $0.154 or even lower. Such a move could increase investors’ losses and stimulate additional selling. Rising uncertainty across the market could also prompt short-term traders to exit positions.
If HBAR regains support at $0.162, the altcoin could regain stability and aim for a rally to $0.175. A breakout of this level could pave the way to $0.192. This scenario would invalidate the bearish outlook and restore confidence among cautious investors.
