The correlation between HBAR and Bitcoin has reached an impressive 0.87, indicating a strong relationship between the price movements of these two cryptocurrencies. At the same time, HBAR's support level is currently being tested at $0.130, which is significant for traders and investors alike. Understanding the implications of these developments is essential, as they could influence market sentiment and investment strategies moving forward. In this article, we will explore the reasons why the high correlation with Bitcoin is noteworthy and what the testing of the support level could mean for HBAR's future performance in the cryptocurrency market.
source: https://blocknews.com/hbar-correlation-with-bitcoin-hits-0-87-while-support-at-0-130-gets-tested-here-is-why-that-matters/