HBAR Walks The Bitcoin Path, Price Falls Below Multi-Week Critical Support

Hedera’s price is declining sharply as market pressure increases across major cryptocurrencies. HBAR slipped below a key support level that had protected it for weeks, signaling fading confidence among traders. Much of this downturn is tied to Bitcoin’s weakness, which continues to weigh heavily on correlated altcoins. Hedera Investors Pull Back HBAR’s correlation with Bitcoin has climbed to 0.76, showing that the altcoin is closely tracking BTC’s movements. In stronger market conditions, this correlation would benefit Hedera by aligning it with positive Bitcoin momentum. Instead, the current environment is amplifying risk and adding volatility across the ecosystem. Bitcoin fell below $100,000 today, breaking a psychological barrier for investors. HBAR mirrored this decline by losing its own critical support at $0.162. The synchronized drop highlights how vulnerable correlated assets are during downturns, especially when broader sentiment turns defensive. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. HBAR Correlation With Bitcoin. Source: TradingView Hedera’s macro momentum is weakening as technical indicators point toward sustained outflows. The Chaikin Money Flow, or CMF, is sliding deeper into negative territory. This movement reflects declining accumulation, suggesting that buyers are stepping back while sellers take control of short-term direction. Without incoming liquidity, HBAR may struggle to recover from recent losses. Investor support is a key driver of upside momentum, and its absence limits the potential for a meaningful rebound. Until inflows stabilize, the altcoin will likely face challenges holding higher levels on the chart. HBAR CMF. Source: TradingView HBAR Price Loses Critical Support HBAR fell 7.5% in the last 24 hours and trades at $0.160 at the time of writing. The drop below $0.162 marks a significant break, as this level has prevented deeper losses several times over recent weeks. If HBAR continues to slip below this broken support, the price may fall toward $0.154 or even lower. Such a move could increase investor losses and fuel additional selling. Rising uncertainty in the broader market may also encourage short-term traders to exit their positions. HBAR Price Analysis. Source: TradingView If HBAR reclaims the $0.162 support, the altcoin could regain stability and target a move to $0.175. A successful break above that level may open the path toward $0.192. This scenario would invalidate the bearish outlook and restore confidence among cautious investors. The post HBAR Walks The Bitcoin Path, Price Falls Below Multi-Week Critical Support appeared first on BeInCrypto.