HBAR has recently failed to break through the major $0.200 resistance line, leading to increased volatility. As a result, the altcoin may experience a short-term upward trend in the near future.

Although issues persist, the market may see a brief price surge before additional fluctuations occur.

HBAR Faces Mixed Signals

HBAR's correlation with Bitcoin has dropped to 0.8, approaching the negative range. This indicates that HBAR is beginning to deviate from Bitcoin's movements. If the correlation continues to weaken, HBAR may find it difficult to benefit from the recent situation where Bitcoin has stabilized above $85,000.

The decrease in correlation suggests changes in HBAR's market conditions. If it no longer closely follows Bitcoin's price movements, the altcoin may face additional challenges. As Bitcoin stabilizes, HBAR may be positioned in a more isolated market position and struggle to rise alongside Bitcoin.

Looking at HBAR's macro momentum, technical indicators like Bollinger Bands are showing compression. This compression often precedes a major volatility surge and is expected to impact HBAR soon. Historically, when candlesticks close below the baseline during such compression, a sharp price surge follows.

As Bollinger Bands compress, the likelihood of increased HBAR volatility is high. This compression typically leads to a breakout, with a short price surge expected for HBAR. However, this surge may be temporary, and HBAR could face additional challenges after the initial movement.

Uncertainty Remains After Potential Breakout

Currently trading at $0.183, HBAR is struggling to break through the $0.200 resistance. However, the altcoin may be on a trajectory to potentially overcome this barrier in the short term. Current market dynamics suggest the possibility of a brief surge above $0.20, offering potential opportunities for traders.

Considering market factors, HBAR may experience a short-term price surge before eventually declining again. This pattern has been clear since mid-January and is expected to repeat. Consequently, HBAR could reach $0.222 or $0.250 by breaking the $0.200 resistance.

However, if the decreased correlation with Bitcoin continues to impact HBAR's price, the altcoin may struggle to maintain its major support line. Without maintaining momentum, HBAR could fall below the $0.177 support line to $0.165. This would invalidate the upward outlook and reinforce the altcoin's continued downward trend.