HBAR Trades Sideways at $0.255, Mirroring Bitcoin Trends

Published: 2025-08-17 23:04:54 |

HBAR is trading sideways at around $0.255, reflecting its strong 0.72 correlation with Bitcoin. As a key altcoin, HBAR’s recovery depends on Bitcoin’s performance. Technical indicators, including the MACD, hint at a possible upward crossover but reveal no clear bullish momentum. The token currently oscillates between $0.271 resistance and $0.244 support, with trading volume needed to confirm a trend. If Bitcoin rallies, HBAR could breach $0.271 and target $0.291. Conversely, a Bitcoin pullback might push HBAR below $0.244 toward $0.230. Until Bitcoin’s trend stabilizes, HBAR’s price outlook remains neutral and uncertain.

Neutral

HBAR’s neutral outlook stems from its strong 0.72 correlation with Bitcoin and the lack of decisive momentum in technical indicators like the MACD. Historically, altcoins with high Bitcoin correlation tend to mirror BTC rallies and declines without establishing independent trends. In the short term, HBAR may break range boundaries if Bitcoin’s price swings, leading to brief bullish or bearish moves. Over the long term, sustained Bitcoin momentum and increased trading volume are required for a definitive trend. Until these conditions materialize, HBAR is expected to remain in sideways consolidation, resulting in a neutral market impact.