HBAR Drops 3.5% Breaking Support as ETF Inflows Hit $68 Million
CoinDesk
Hedera's HBAR token fell 3.5% to $0.1754, breaking support despite $68 million in recent ETF inflows.Summary
Hedera's native token, HBAR, retreated 3.5% from $0.1817 to $0.1754 during Wednesday's session, breaking key support levels despite significant institutional accumulation through ETFs totaling $68 million over six trading days. The token experienced a morning spike to $0.1802 on volume 79% above average, but this failed to sustain, suggesting retail participants drove late-session weakness after institutional buyers stepped back. Key technical analysis indicates bearish momentum, with immediate downside targets pointing toward the $0.1720-$0.1700 support zone, while resistance remains firmly at $0.1805. The growing institutional appetite is evidenced by thirteen total ETF filings now including HBAR exposure.
(Source：CoinDesk)