Hedera's HBAR Price Hinges on Bitcoin's Recovery as Sentiment Reaches All-Time Low

Hedera (HBAR) price is heavily dependent on Bitcoin's performance, as the two assets have a strong correlation of 0.92. If BTC maintains its rebound and rises above $108,000, HBAR could experience a similar upward push. However, if BTC faces renewed selling, HBAR's dependency could expose it to further declines. HBAR trades at $0.167, just below the key resistance of $0.172, and remains within a descending broadening wedge pattern.