Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
HBAR Looks To Bitcoin For Price Recovery Amid Uncertain Market Conditions

HBAR Looks To Bitcoin For Price Recovery Amid Uncertain Market Conditions

BeInCryptoBeInCrypto2025/08/17 07:00
By:Aaryamann Shrivastava

HBAR holds $0.255 amid market uncertainty, relying on Bitcoin’s moves for direction, with $0.271 resistance and $0.244 support in focus.

HBAR price has been moving sideways in recent sessions, consolidating between key levels as investors weigh mixed signals. At the time of writing, the altcoin is trading at $0.255, and it is unable to break out decisively. 

Broader market conditions, particularly Bitcoin’s trajectory, will likely determine whether HBAR can initiate recovery.

HBAR is Dependent on Bitcoin

HBAR’s correlation with Bitcoin currently stands at 0.72, a strong though not perfect alignment. This means the altcoin is highly responsive to Bitcoin’s moves, making BTC’s performance a leading indicator for HBAR’s short-term direction. 

With Bitcoin showing signs of renewed bullishness, HBAR could benefit by following the larger asset’s cues. Investors often view correlated altcoins as secondary plays when Bitcoin rallies. If BTC sustains its positive momentum, HBAR has the potential to recover.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter.

HBAR Looks To Bitcoin For Price Recovery Amid Uncertain Market Conditions image 0HBAR Correlation With Bitcoin. Source:  TradingView

From a technical perspective, HBAR’s Moving Average Convergence Divergence (MACD) indicator is approaching a bullish crossover. However, momentum remains limited, preventing confirmation. A stronger push from buyers is needed to turn the signal decisively bullish.

The histogram still reflects alternating bearish pressure, highlighting market indecision. For HBAR to establish a sustainable uptrend, the histogram must flip consistently into bullish territory.

HBAR Looks To Bitcoin For Price Recovery Amid Uncertain Market Conditions image 1HBAR MACD. Source:  TradingView

HBAR Price Needs To Breakout

HBAR is currently consolidating, trading at $0.255 while oscillating between $0.271 and $0.244. The narrow range reflects investor caution, with traders awaiting external market cues. Without a decisive breakout, the altcoin may continue drifting sideways in the immediate term.

If Bitcoin strengthens and resumes its rally, HBAR could break resistance at $0.271. Such a move may open the door for gains toward $0.291, with potential upside extending further if bullish conditions persist.

HBAR Looks To Bitcoin For Price Recovery Amid Uncertain Market Conditions image 2HBAR Price Analysis. Source:  TradingView

Alternatively, a Bitcoin downturn could drag HBAR lower, pushing it beneath $0.244 support. In such a scenario, the altcoin risks falling to $0.230, undermining the bullish thesis and reinforcing caution among investors.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum Privacy’s HTTPS Moment: From Defensive Tool to Default Infrastructure

A summary of the "Holistic Reconstruction of Privacy Paradigms" based on dozens of speeches and discussions from the "Ethereum Privacy Stack" event at Devconnect ARG 2025.

ChainFeeds2025/11/28 22:25
Ethereum Privacy’s HTTPS Moment: From Defensive Tool to Default Infrastructure

Donating 256 ETH, Vitalik Bets on Private Communication: Why Session and SimpleX?

What differentiates these privacy-focused chat tools, and what technological direction is Vitalik betting on this time?

BlockBeats2025/11/28 22:02
Donating 256 ETH, Vitalik Bets on Private Communication: Why Session and SimpleX?