Hedera’s HBAR has formed a classic double top on daily charts, signaling potential short-term weakness with a 5% drop toward $0.102 on the horizon. Declining correlation with Bitcoin and persistent bearish sentiment add to the cautious outlook.
- HBAR double top suggests ~5% decline to $0.102 if pattern confirms.
- Correlation with Bitcoin drops to 0.26—lowest in two months—limiting upside lift from BTC rallies.
- Weighted sentiment remains negative, reflecting low investor confidence.
- Price hovers near $0.107; reclaiming $0.109 needed to invalidate bearish setup.
(Sources: TradingView)
Double Top Pattern Signals Downside Risk
HBAR’s daily chart shows a clear double top formation from last month, typically indicating trend exhaustion and impending correction.
The token has already breached the pattern’s neckline in recent sessions. Current trading near $0.107 finds temporary support at $0.106, but sustained selling could validate the breakdown and target $0.102.
This projected move represents ~5% downside from present levels, aligning with broader altcoin pressure amid macro uncertainty.
(Sources: TradingView)
Weakening Link to Bitcoin Reduces Support
HBAR’s correlation with Bitcoin has fallen sharply to 0.26—the lowest in nearly two months.
This decoupling has mixed implications: HBAR may dodge deeper losses during Bitcoin corrections but also misses significant upside during BTC rallies.
With Bitcoin’s influence waning, HBAR increasingly relies on project-specific catalysts for momentum—heightening vulnerability in risk-off environments.
(Sources: TradingView)
Bearish Sentiment Weighs on Recovery Prospects
Macro sentiment indicators remain firmly negative. Weighted sentiment lingers in bearish territory, signaling widespread caution rather than outright panic.
This environment curbs aggressive buying on dips, leaving HBAR exposed to further weakness without a clear demand catalyst.
Technical Levels to Watch
- Bearish Target: $0.102 (double top projection)
- Immediate Support: $0.106–$0.107
- Invalidation Level: Sustained recovery above $0.109, targeting $0.113 for short-term bullish confirmation
A decisive close above $0.109 would flip the structure constructive, potentially opening $0.113 and higher.
Failure to defend current levels risks accelerated selling toward $0.102.
Outlook: Project Fundamentals vs. Market Pressure
HBAR’s near-term path hinges on whether ecosystem developments—such as enterprise adoption or network upgrades—can offset technical and sentiment headwinds.
While Bitcoin correlation offers limited rescue, positive macro shifts (e.g., liquidity easing) could indirectly support recovery.
For now, the double top and negative sentiment favor caution—traders should monitor volume on any bounce attempts for confirmation of reversal strength.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC-Gold Gap Reflects Retail vs Central Bank Demand Split, Analyst Says
The 2026 split between gold and Bitcoin is being read through the lens of two distinct buyer groups, according to Stephen Coltman, head of macro at 21Shares, a provider of crypto exchange-traded products. While gold has benefited from a sustained wave of central-bank purchases, Bitcoin remains
CryptoBreaking18m ago
BTC 15-minute rise of 0.49%: ETF fund net inflows and short squeeze liquidations drive gains together
During the period from 2026-03-22 22:15 to 22:30 (UTC), BTC experienced significant volatility within a short-term range, with the 15-minute candlestick recording a +0.49% gain and closing at 68371.1 USDT. The low touched 67861.4 USDT, with an overall amplitude of 0.75%. Short-term market activity was active, market attention increased, trading volume expanded noticeably compared to the previous period, and active capital flows drove this wave of volatility.
The main driver of this volatility was continuous inflows into US spot ETFs, as well as BTC net outflows at the exchange level. Specifically, according on-chain data shows,
GateNews1h ago
SEC: Shiba Inu (SHIB) Not Security, Ripple's Chris Larsen Injects 261 Million XRP Into $1 Billion Evernorth, BTC Price Reacts to Fed's Decision — Top Weekly Crypto News - U.Today
XRP-based institutional giant to hit $1 billion
SEC clears SHIB regulatory status
Bitcoin reacts to Fed's latest rate decision
XRP's rising support forms near $1.53
XRP-based institutional giant to hit $1 billion
New SEC S-4 filing reveals SBI Holdings paid $10/share as Ripple's Chris
UToday1h ago
Bitcoin at $68K triggers nearly $400M in crypto liquidations.
Bitcoin (BTC) traded just below the $69,000 mark as traders braced for a pivotal weekly candle close, with prices hovering near the long-term line around $68,300. After a weekend slide, the setup underscores a tug-of-war between a fragile near-term outlook and the possibility of a contrarian move, e
CryptoBreaking2h ago
Bitcoin Options Signal Fear Amid Subdued BTC ETF Outflows
Bitcoin traded in a narrow range near $70,000 on Friday after a stumble to reclaim the $75,000 level earlier in the week. The back-to-back sessions of net outflows from U.S.-listed spot Bitcoin ETFs cooled a recent run of inflows, prompting traders to reassess whether institutions are turning more c
CryptoBreaking2h ago
BTC Drops 0.58% in 15 Minutes: Tight Liquidity and Institutional Hedging Create Downward Pressure
2026-03-22 21:00 to 21:15 (UTC), BTC recorded a -0.58% return within just 15 minutes, with prices fluctuating in the range of 67562.1 to 68223.5 USDT, with an amplitude of 0.97%. During this period, market sentiment was highly tense, overall attention increased, and short-term volatility accelerated noticeably.
The main driving force behind this anomaly was the resonance formed by spot market liquidity shortage and medium-sized funds accelerating their exit. On-chain data shows a significant net outflow of -371.99 BTC in the $100k-$1M transaction range, driving selling
GateNews2h ago
