HBAR Declines 4% Following ETF Debut as Initial Euphoria Fades
CoinDesk
Hedera's HBAR token fell over 3% to $0.1925 after initial excitement for its Nasdaq ETF debut subsided due to profit-taking.Summary
Hedera's native token, HBAR, retreated by 3.25% to $0.1925 within 24 hours, despite the launch of the first U.S.-listed spot HBAR ETF by Canary Capital on the Nasdaq. Although the ETF, trading as HBR, recorded solid first-day volume of about $8 million, signaling institutional interest, the initial rally of over 25% quickly faded as profit-taking ensued. Technical factors exacerbated the decline, as HBAR broke key support at $0.2040, establishing a bearish trend confirmed by elevated trading volumes nearly 20% above average. Momentum indicators suggest accelerated institutional selling, with further downside risk toward $0.190.
(Source：CoinDesk)