Hedera (HBAR) Relies
on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to Break Free From
Month-Long
Consolidation
Hedera (HBAR) has faced a prolonged period of consolidation, with its price
trading in a narrow range between $0.25 and $0.33.
While this stability has prevented major losses, it has also kept traders from
realizing gains, leading to growing impatience. HBAR’s lack of direction has
left market participants looking to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin for cues.
Hedera Traders Are Unsure
The funding rate for HBAR has been fluctuating between positive and negative,
reflecting trader uncertainty about its price direction. Traders are
positioning themselves to profit from either a potential breakout or a further
decline. This tug-of-war has kept the funding rate in flux, highlighting the
divided sentiment in the market.
This uncertainty could result in abrupt trading decisions, influencing HBAR’s
price movements. If traders pull out due to impatience, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
could face added pressure, exacerbating its lack of momentum. The erratic
funding rate indicates that market participants are unsure of HBAR’s next
move.
Sponsored
Sponsored
HBAR Funding Rate. Source: Coinglass
HBAR’s macro momentum is heavily tied to its correlation with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, which
currently stands at 0.65. This increasing correlation suggests that HBAR may
follow Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price movements more closely. If Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reclaims the
$100,000 level and continues to rally, it could provide the momentum needed
for HBAR to break out of its consolidation phase.
A stronger Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin-led market could offer a path forward for HBAR. Positive
broader market cues stemming from Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s performance may help lift Hedera’s
price, enabling it to move toward higher resistance levels. Conversely, if
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin falters, HBAR’s reliance on its correlation could become a liability.
HBAR Correlation to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. Source: TradingView
HBAR Price Prediction: Finding A Way Out
HBAR is trading at $0.27, stuck in a month-long consolidation range between
$0.25 and $0.33. This sideways movement reflects the indecisiveness of both
traders and broader market conditions. Without a clear sentiment shift, this
pattern is likely to persist.
Should the overall market sentiment lean further bearish, HBAR risks falling
below the critical support level of $0.25. Such a move would exacerbate trader
impatience and push the altcoin toward further losses. HBAR Price Analysis.
Source: TradingView
Conversely, if Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin manages to rally and reclaim key levels, HBAR could
break out of its consolidation phase. Flipping $0.33 into support could set
the stage for a move toward $0.39, helping the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта recover and
invalidating the bearish outlook. This reliance on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s performance
highlights the importance of broader market trends in determining HBAR’s
trajectory.
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