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

HBAR experienced a 3.5% decline, falling from $0.1817 to $0.1754, breaking through a critical support level. Despite a strong institutional interest with $68 million inflows across six sessions via the Canary HBAR ETF, HBAR continued its downward trend. The price rejected earlier resistance at $0.1805 after hitting an intraday peak of $0.1802 with significant volume that was 79% above daily averages. However, as trading progressed, volume decreased, indicating that institutional buyers retracted, leading to increased selling pressure from retail traders. Analysts noted that the support at $0.1740 is now being tested, with the potential for further declines towards the $0.1720-$0.1700 range. The accumulation of HBAR through ETFs underlines a growing institutional appetite for the Hedera ecosystem, but the technical indicators suggest continued weakness and bearish momentum in the short term.

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