HBAR has fallen about 15% in recent sessions, a move largely driven by its tight correlation with Bitcoin rather than any Hedera-specific weakness.
The drop followed Bitcoin’s slide below $80,000, with HBAR’s 0.98 correlation amplifying market-wide selling pressure and dragging the token below the $0.100 level.
Despite the decline, on-chain indicators point to accumulation, with the Chaikin Money Flow showing bullish divergence as capital inflows increased while price continued to fall.
The Relative Strength Index has also dipped below 30, placing HBAR in oversold territory that historically signals selling exhaustion rather than sustained downside.
HBAR is trading near $0.091 and has been consolidating within a descending broadening wedge that has formed over the past month after a failed breakout in mid-January.
A confirmed breakout from this structure would imply a potential 43% rally toward $0.146, though the token must first reclaim resistance at $0.103 and then $0.114.
If broader market conditions worsen and HBAR loses support around $0.091, the price could slide toward $0.084, invalidating the bullish setup and delaying any recovery.