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

HBAR declined by 3.5% from $0.1817 to $0.1754 during a selloff, breaking through a critical support level despite attracting $68 million of institutional investment through ETF channels. After peaking at $0.1802 in the morning on significant volume, HBAR faced strong resistance at $0.1805. As volume decreased after the initial surge, it indicated that institutional buyers retreated while retail traders contributed to the price drop. The token exhibited heightened volatility with a 4.5% intraday range amidst overall muted market conditions. Technical indicators suggest that HBAR’s price may continue to weaken, with immediate targets towards the $0.1720-$0.1700 support zone and a resistance barrier set at $0.1805. Despite the bearish price action, thirteen ETF filings now indicate growing interest in HBAR within the institutional space, showing a contrast between market sentiment and underlying accumulation efforts in the Hedera ecosystem.

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