HBAR Price Enters Consolidation As Hedera Pulls Away From Bitcoin

Core Insights - Hedera's HBAR is currently experiencing sideways movement, reflecting a lack of clear direction in the broader market [1] - There are early signs of a potential shift away from bearish pressure as HBAR holders become more active [1][2] Market Sentiment - The Chaikin Money Flow (CMF) indicator shows a significant uptick, indicating a rapid slowdown in outflows and easing selling pressure [2] - If the CMF continues to improve and crosses above the zero line, HBAR will register net inflows, suggesting renewed trader confidence [3] Price Movement - HBAR's price has decreased by 5% in the last 24 hours, remaining within a range of $0.150 and $0.130 for nearly three weeks [7] - A potential bounce from the $0.141 support level could lead to a retest of $0.150, with a successful breakout opening the path toward $0.162 [8] Correlation with Bitcoin - HBAR's correlation with Bitcoin has declined to 0.62, indicating a reduced dependency on Bitcoin's trend [5] - This decoupling may allow HBAR to chart its own direction and potentially outperform the broader market if investor sentiment improves [6]