Hedera (HBAR) is facing downward pressure as its wedge pattern confirms a three-month decline, with investor confidence fading and the cryptocurrency relying on Bitcoin’s recovery. HBAR’s weighted sentiment indicator is at an all-time low, reflecting skepticism about its short-term potential. The correlation between HBAR and Bitcoin is strong at 0.92, indicating that HBAR’s performance is closely tied to Bitcoin’s direction. HBAR currently trades at $0.167, just below key resistance, and could see a bullish breakout if market conditions align with investor sentiment. However, if bearish sentiment persists, HBAR could fall to $0.154.

Read more at Yahoo Finance: HBAR Price Depends On Bitcoin For A Rescue As Holders Fall Back