HBAR is experiencing pressure due to the broader market weakness and Bitcoin's ongoing struggles. According to NS3.AI, the cryptocurrency is trading within a descending channel, which suggests possible continued declines. Key support levels are identified at $0.0786 and $0.0832, with a breakout above $0.0907 necessary to initiate a potential 31% rally towards $0.1252. Despite this, negative futures funding rates and a high correlation with Bitcoin indicate that traders remain cautious, anticipating further downside until Bitcoin stabilizes.