Hedera Hashgraph’s native token, HBAR, struggles to maintain momentum after failing to generate significant gains despite a recent rebound. The weakening correlation with Bitcoin, dropping to 0.48, signals HBAR moving independently, potentially missing out on market rallies. The RSI struggling to stay above 50 suggests uncertainty among traders, with HBAR trading at $0.220. If bearish pressure intensifies, HBAR could drop to $0.206, continuing its downtrend. On the other hand, a bounce off $0.219 could lead to a rally towards $0.230 and potentially $0.242 if bullish sentiment returns.

Read more at Yahoo Finance: HBAR Price May Fail Breakout As Bitcoin Correlation Falls To 2-Month Low