Core Insights - HBAR price has experienced a mild decline due to strengthening bearish sentiment among investors, failing to sustain recent gains [1] - The correlation between HBAR and Bitcoin has sharply declined to 0.26, the lowest level in nearly two months, indicating reduced dependency on Bitcoin's price movements [2] - Investor sentiment towards HBAR remains largely bearish, with the weighted sentiment metric in negative territory, reflecting a lack of confidence among market participants [4] Price Projections - HBAR price is projected to drop by 5%, targeting $0.102, following a double-top pattern that typically signals trend exhaustion [6] - HBAR has broken below the neckline of this pattern, currently trading near $0.107, with $0.106 acting as short-term support [7] - A decisive recovery requires HBAR to reclaim $0.109 as a support level, with a sustained bounce indicating potential trend reversal [8]

trending altcoins, pump.fun. Photo by BeInCrypto MYX Finance has faced heavy selling pressure recently, with the altcoin plunging 48% from its highs and falling below $10. The drop comes as market conditions remain broadly bearish.  However, technical indicators and a shift in correlation with Bitcoin suggest a potential rebound may be on the horizon. MYX Finance Is Still Running Strong The Relative Strength Index (RSI) shows that bullish momentum in MYX remains intact despite the heavy decline. The ind ...