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
US SEC Extends Nasdaq Bitcoin Index Options Listing Application Decision Deadline to May 27
The U.S. Securities and Exchange Commission has decided to extend the decision period for Nasdaq PHLX exchange's rule changes regarding the listing and trading of Bitcoin options, postponing the deadline from March 28, 2026 to May 27, 2026, to ensure adequate review of the proposal and public comments.
GateNews13m ago
Bitcoin Slips Below $70,000 as Fed Rate Pause and Oil Surge Pressure Markets
Bitcoin declined to $70,000 due to steady interest rates from the Federal Reserve and rising energy prices, leading to $600 million in liquidations and increased market volatility, particularly affecting altcoins.
CryptoBreaking15m ago
XRP Climbs 3% Past $1.47 as Breakout Extends on Bitcoin-Led Rally
Key Takeaways
XRP broke above $1.426 resistance after months of consolidation, jumping to $1.47 on surging volume
Trading volume spiked over 250% during the move, indicating strong participation in the breakout
Activity on the XRP Ledger continues climbing, with tokenized real-world assets
CryptoBreaking21m ago
CFTC Approves Bitcoin as Margin Collateral for Futures Trading
Gate News bot message, the U.S. Commodity Futures Trading Commission (CFTC) announced that Futures Commission Merchants (FCMs) are now permitted to accept $BTC as collateral for futures trading. This marks a regulatory development allowing Bitcoin to be used as margin collateral in the futures marke
GateNews31m ago
