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 $0.1805 resistance following a morning spike that peaked at $0.1802 on significant volume—79% above daily averages.
Volume dried up following the initial morning surge, suggesting institutional buyers stepped back while retail participants drove the late-session weakness. The 4.5% intraday range reflects heightened volatility despite muted cryptocurrency market conditions.
HBAR’s price weakness contrasts sharply with institutional positioning through the Canary HBAR ETF, which accumulated $68 million over six trading sessions. Thirteen total ETF filings now include HBAR exposure, signaling growing institutional appetite for Hedera ecosystem exposure.
Key Technical Levels Signal Extended Weakness for HBAR
- Support/Resistance: Critical support at $0.1740 now tested with resistance firmly established at $0.1805 following multiple rejections.
- Volume Analysis: Morning spike reaching 125.8 million shares marked 79% above averages but generated insufficient follow-through buying.
- Chart Patterns: Distribution structure confirms bearish momentum with consecutive lower highs signaling continued downside pressure.
- Targets & Risk/Reward: Immediate targets point toward $0.1720-$0.1700 support zone with upside capped at $0.1805 resistance barrier.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
