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’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 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.  

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.