Hedera (HBAR) Hits 9M Accounts as RWA Tokenization Reaches $24B, Price Consolidates Amid Decoupling from Bitcoin

Hedera (HBAR) is experiencing a period of price consolidation while its underlying network fundamentals show significant strength. The HBAR price has been trading in a tight range between $0.130 and $0.150 for nearly three weeks, with a 5% decline in the last 24 hours reflecting the broader market's lack of clear direction.

Despite the stagnant price action, key on-chain and adoption metrics are painting a bullish long-term picture. The network has surpassed 9 million mainnet accounts, a major milestone indicating growing adoption beyond early experimentation. Furthermore, the total value of real-world asset (RWA) tokenization connected to Hedera has reached an impressive $24 billion, signaling that enterprises are actively using the network to move substantial economic value.

Technical indicators suggest a potential shift in momentum beneath the surface. The Chaikin Money Flow (CMF) indicator is showing a sharp uptick, signaling a rapid slowdown in outflows and easing selling pressure. Analysts note that if the CMF crosses above the zero line, it would register net inflows, providing fuel for upward price movement. Concurrently, HBAR's correlation with Bitcoin has declined to 0.62 after being tightly coupled for over three weeks. This decoupling suggests HBAR may be preparing to chart its own direction independent of Bitcoin's currently directionless trend.

The network's enterprise-focused value proposition is being bolstered by high-profile partnerships and governance. Georgia's Ministry of Justice recently signed a Memorandum of Understanding (MoU) to explore placing the country's real estate registry on Hedera's network. Additionally, asset manager Vanguard enabled trading access to the HBAR ETF, broadening institutional reach. Hedera's governance council, which includes major corporations like Google, IBM, and Boeing, alongside its 2.9-second finality, USD-fixed fees, and carbon-neutral status, strengthens its appeal for institutional adoption.

The immediate price outlook remains contingent on breaking out of the current consolidation pattern. If HBAR capitalizes on strengthening investor support, it could bounce from the $0.141 support level and retest $0.150, with a successful breakout opening a path toward $0.162. However, analysts warn of a potential downside break from a symmetrical triangle pattern; a loss of the key $0.130 support would invalidate the bullish-neutral outlook and could expose the price to a decline toward $0.125.