HBAR’s Big Drop: ETFs Can’t Save It! ๐Ÿ’ธ๐Ÿ“‰

Markets

What to know:

  • HBAR breached $0.1754 support level during final trading hour selloff. Because why would they just let it stay there? ๐Ÿค”
  • Canary HBAR ETF accumulates $68 million across six consecutive sessions. Who knew a crypto ETF could be this popular? ๐ŸŽ‰
  • Google Cloud BigQuery partnership fails to offset technical breakdown. Itโ€™s like trying to fix a flat tire with a banana. ๐ŸŒ

HBAR retreated 3.5

The token faced rejection at $0.1805 resistance following a morning spike that peaked at $0.1802 on significant volume-79

Volume dried up following the initial morning surge, suggesting institutional buyers stepped back while retail participants drove the late-session weakness. The 4.5

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. Oh, great, more bad news. ๐Ÿคทโ€โ™‚๏ธ

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. The $0.1740 support is being tested, and $0.1805 resistance is like a bouncer at a club-no oneโ€™s getting in. ๐Ÿšซ
  • Volume Analysis: Morning spike reaching 125.8 million shares marked 79
  • Chart Patterns: Distribution structure confirms bearish momentum with consecutive lower highs signaling continued downside pressure. Chart Patterns: Distribution structure is a bearโ€™s dream. Lower highs, more pain. ๐Ÿป
  • Targets & Risk/Reward: Immediate targets point toward $0.1720-$0.1700 support zone with upside capped at $0.1805 resistance barrier. Whatโ€™s the point of even trying? ๐Ÿค”

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2025-11-13 21:15