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

HBAR retreated 3.5% from $0.1817 to $0.1754 during Wednesday’s session, breaking key support despite institutional flows reaching $68 million through ETF channels.

The token faced rejection at the resistance of $0.1805 after a morning peak that rose to $0.1802 on significant volume – 79% above the daily average.

Volume dried up after the morning’s initial surge, suggesting that institutional buyers took a step back as retail participants led the session-ending weakness. The intraday range of 4.5% reflects high volatility despite muted crypto market conditions.

HBAR’s price weakness contrasts sharply with institutional positioning through the Canary HBAR ETF, which has accumulated $68 million in six trading sessions. Thirteen ETF papers in total now include HBAR exposure, signaling a growing institutional appetite for exposure to the Hedera ecosystem.

Key technical levels Signal Extended Weakness for HBAR

• Support/Resistance: Critical support at $0.1740 is now being tested with resistance firmly established at $0.1805 after several rejections.
• Volume analysis: The morning peak that reached 125.8 million shares marked 79% above the average, but generated insufficient follow-on buying.
• Paper models: The distribution structure confirms bullish momentum with consecutive highs and lows signaling continued downside pressure.
• Goals and Risk/Reward: Immediate targets point towards the $0.1720-$0.1700 support zone with an upside capped at $0.1805 resistance barrier.

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