HBAR Struggles to Break $0.40 Barrier, Returns to Familiar Trading Range

$HBAR has struggled to maintain upward momentum after failing to breach the $0.40 resistance level earlier this month. The altcoin’s subsequent decline has pushed its price down to $0.30, returning it to a familiar trading range.

With investor confidence uncertain, $HBAR remains vulnerable to further downside unless market conditions improve.

$HBAR Investors Are Losing Hopes

The Chaikin Money Flow (CMF) indicator shows weak inflows into $HBAR, reinforcing skepticism among investors. Following its failed breakout attempt, the indicator remains near the zero line, suggesting limited new capital entering the asset. Without a surge in buying activity, $HBAR may continue consolidating in its current range.

Most $HBAR holders appear hesitant to commit funds until the cryptocurrency successfully breaches the $0.40 resistance. This reluctance reflects broader market uncertainty, with traders waiting for a clearer bullish signal. Until inflows strengthen, $HBAR could struggle to generate the momentum needed for a sustained recovery.

$HBAR CMF. Source: TradingView

$HBAR’s correlation with Bitcoin has dropped to 0.64 in recent days, signaling a weakening connection between the two assets. A continued decline in this correlation could be bearish for $HBAR, as Bitcoin is currently on track to breach the $105,000 resistance. If $HBAR fails to follow BTC’s lead, it may lag behind in market-wide gains.

A low correlation with Bitcoin can isolate $HBAR from broader market rallies, making it more dependent on individual investor sentiment. With Bitcoin showing strong bullish potential, $HBAR’s divergence could prevent it from capitalizing on the overall crypto market’s upward trajectory.

$HBAR Correlation to Bitcoin. Source: TradingView

$HBAR Price Prediction: Back To Consolidation

$HBAR has fallen back into the month-long consolidation range it experienced between December 2024 and early this year. The price is now trapped between $0.33 and $0.25 after losing the $0.33 support. This setback has reintroduced bearish pressure, increasing the likelihood of further downside movement.

If consolidation continues, $HBAR remains at risk of dropping toward $0.25. A loss of this critical support level could trigger panic selling among investors, potentially pushing the altcoin further down to $0.20. The lack of strong inflows further weakens the case for an immediate recovery.

$HBAR Price Analysis. Source: TradingView

However, if $HBAR reclaims $0.33 as support, it could regain bullish momentum. A successful breach of the $0.40 resistance would likely invalidate the bearish outlook. This move could encourage investors to re-enter the market, providing an opportunity for $HBAR holders to secure profits.