HBAR down 15% after Bitcoin slide; descending wedge projects 43% upside

Hedera’s HBAR has plunged about 15% over recent sessions and was trading near $0.091 at the time of writing, a decline the report frames as a potential opportunity rather than a straight breakdown. The weakness closely tracked Bitcoin: HBAR shows a correlation of 0.98 with BTC, and the article notes the token fell below $0.100 when Bitcoin dropped under $80,000.

That high correlation suggests the move was driven more by market-wide pressure than Hedera-specific fundamentals. On-chain and technical indicators point to accumulation during the sell-off. The Chaikin Money Flow formed lower highs while HBAR price printed lower lows, a divergence the report interprets as growing inflows despite falling prices.

The Relative Strength Index has dropped below the 30.0 threshold, placing HBAR in oversold territory. The article says oversold RSI often indicates selling exhaustion and can attract buyers seeking value entries. Technically, HBAR has been trading inside a descending broadening wedge for roughly a month after a failed breakout in mid-January.

A confirmed breakout from the wedge projects a roughly 43% rally toward $0.146; near-term levels to watch are reclaiming $0.103 and then $0.114 to validate early breakout momentum. Downside risk remains: continued Bitcoin weakness could override positive indicators, and a loss of support at $0.091 could push HBAR toward $0.084, which would invalidate the bullish thesis.

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