HBAR has been on the rise recently, recovering from losses it suffered in March. There is optimism that the cryptocurrency might continue its upward trend, potentially leading to an increase in its value.

The positive movement seen in HBAR during April suggests a possible shift away from previous sharp declines, offering hope for sustained growth in the future.

The Relative Strength Index (RSI) for HBAR currently indicates positive market sentiment, above the neutral threshold at 50.0. This is typically viewed as a bullish sign. Past trends have shown corrections following sharp RSI increases due to volatile price shifts.

However, the current market volatility appears to be lower, implying that the current bullish momentum for HBAR is more natural. A stable RSI in the positive range could signify a more enduring uptrend for the cryptocurrency.

HBAR's performance appears connected to Bitcoin's price movements, showing a strong correlation of 0.93 between the two assets. If Bitcoin's value continues to rise, it is likely that HBAR will follow suit.

HBAR has maintained an upward trend in April, crucial for its recovery from losses in March. Sustaining this positive movement is crucial for HBAR to regain momentum and reverse previous declines.

Currently valued at $0.183, HBAR is eyeing a breakthrough of the critical resistance level at $0.200, which represents a significant psychological barrier for investors. Surpassing this level could lead to further positive reactions and a potential increase to $0.222 as confidence grows.

Failure to break the $0.200 mark might result in a drop to $0.167, with potential further decline to $0.154. This would invalidate the short-term bullish outlook and could lead to more substantial losses if market sentiment shifts negatively.