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

HBAR experienced a 3.5% drop, retreating from $0.1817 to $0.1754, breaking a critical support level despite witnessing $68 million of ETF inflows from institutional accumulation. The drop occurred after the token was rejected at the $0.1805 resistance mark following a morning surge to $0.1802, exceeding daily volume averages by 79%. This indicates that after initial buying, institutional participants likely pulled back, leading to a downturn influenced by retail traders as trading volume diminished. The Canary HBAR ETF's accumulation over six sessions stands in contrast to the token's price weakness, highlighting a growing institutional interest in Hedera. Current technical indicators suggest the potential for further declines, with immediate targets suggesting an approach toward the $0.1720-$0.1700 support zone while resistance remains firmly placed at $0.1805.

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