HBAR Walks The Bitcoin Path, Price Falls Below Multi-Week Critical Support
BeInCrypto
Hedera's HBAR price is sharply declining, mirroring Bitcoin's weakness and breaking below a critical multi-week support level of $0.162.Summary
Hedera's (HBAR) price is experiencing a sharp decline, closely tracking the weakness seen in Bitcoin, with their correlation currently at 0.76. This synchronized drop caused HBAR to fall below its critical support level of $0.162, a level that had previously protected it for weeks. Technical indicators, such as the Chaikin Money Flow (CMF), are sliding into negative territory, signaling weakening macro momentum and declining buyer accumulation. If HBAR fails to reclaim the $0.162 support, it risks further declines toward $0.154 or lower. Conversely, regaining $0.162 could lead to stability and a potential move toward $0.175 or $0.192, which would invalidate the current bearish outlook.
(Source：BeInCrypto)