HBAR Plummets 18% After Losing Its Month-Long ‘Friend’

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Hedera has suffered a precipitous descent over the past week, its price now languishing at $0.130 after an 18% hemorrhage. 🪨

This drop is significant because HBAR broke below a crucial support level that had protected investors’ profits for more than a month-now a distant memory, like a lover’s promise.

Hedera Is Following The King

Hedera’s correlation with Bitcoin currently sits at 0.97, one of its highest readings in months. This near-perfect correlation signals that HBAR is heavily mirroring Bitcoin’s price movement. 🧠

Such strong alignment becomes especially problematic during periods when BTC faces substantial pressure, as seen this past week. A tragic dance of two fools, bound by fate.

With Bitcoin dropping to $84,408, HBAR has moved almost in lockstep. The high correlation has erased Hedera’s ability to move independently, making BTC’s decline one of the primary drivers behind the altcoin’s latest losses. 🤡

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Macro momentum indicators reinforce the bearish picture. The Chaikin Money Flow is sitting near an eight-month low, signaling heavy capital outflows from HBAR. 🧨

CMF measures buying and selling pressure, and a deeply negative reading indicates that investors are withdrawing funds at an accelerated pace. A financial exodus, if you will.

These persistent outflows add pressure to the already declining price trend. As liquidity exits the asset, selling intensifies and recovery efforts weaken. Unless inflows return, HBAR may continue facing difficulty in regaining upward momentum. 🕯️

HBAR Price Can Bounce Back

HBAR is down 18% this week after slipping below the crucial $0.162 support level, which had held strong for more than a month. A fortress now reduced to rubble.

Losing that support has exposed the altcoin to deeper declines and increased volatility as bearish sentiment grows. A veritable carnival of despair.

Given that macro conditions have not improved, HBAR could drop to $0.120 from its current price of $0.129. A descent into the abyss, one cent at a time.

A fall below $0.120 may trigger additional losses, sending the price toward $0.110 as selling pressure builds. The market’s appetite for tragedy is insatiable.

If bullish momentum returns, HBAR may attempt a recovery. A move above $0.133 would be the first step toward stabilizing the trend. A flicker of hope in a sea of despair. 🌅

Breaking past $0.145 could open the path to $0.154 and higher, invalidating the bearish outlook and restoring investor confidence. A miracle, perhaps, but miracles are the lifeblood of speculation.

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2025-11-23 01:57