HBAR Drops 3.5% Breaking Support as ETF Inflows Hit $68 Million

HBAR has retreated by 3.5%, falling from $0.1817 to $0.1754 and breaking through a crucial support level amid notable institutional inflows of $68 million via ETF channels. The token faced a peak spike at $0.1802 due to significant trading volume, but late-session selloff led to a decline as retail traders took over. The morning volume was approximately 79% higher than average, yet it did not lead to sustained buying interest. The HBAR price movement indicates bearish momentum, underscored by a series of lower highs, with immediate targets projected between $0.1720 and $0.1700. Despite the price drop, institutional appetite remains evident with the Canary HBAR ETF gathering substantial funds over several days. HBAR's technical weakness contrasts with growing institutional interest, reflected in an increasing number of ETF filings incorporating HBAR exposure, now totaling 13.

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