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Hedera’s recent price action has struggled to inspire confidence, as HBAR has failed to sustain a meaningful recovery.
While expectations were high following the launch of the HBAR exchange-traded fund, the token’s muted performance highlights a familiar narrative for cryptocurrencies. The episode looks more and more like the classic “buy the rumor and sell the news” result.
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HBAR ETF – a disappointing story
The Canary HBAR ETF has emerged as one of the underperforming cryptocurrency trading providers since its inception. Around its launch in late October, the product briefly attracted strong interest, peaking at around $30 million in cumulative flows. But this momentum is fading fast and has not returned on a sustained basis.
Recent data shows that the fund recorded only $875,000 in inflows, while most trading days saw net inflows remain at zero. This model reflects a speculative positioning before launch. Once the ETF was launched, early participants posted profits, triggering continued selling pressure. The approval itself failed to open a significant new application.
Furthermore, the impact of ETFs has been more symbolic than capital. The Canary Fund improved the mentioned indicators, but did not open High demand for instant HBAR. Without strong volume to continuously follow, the price failed to hold key technical levels, accelerating the downward movements.
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Technical indicators reinforce this cautious outlook. Chaikin Fund Flow, which tracks the movement of capital between large investors, falls below the zero line. Historically, similar changes in CMF have coincided with periods of weakness in prices HBARas outflows began to dominate inflows.
This behavior indicates that the interest of the institutions and the whales is still fragile. by the time The capital comes out of HederaPrice reactions are often fast. If the CMF continues to trend lower, this may indicate another distribution wave. This dynamic will limit recovery attempts and keep recovery efforts limited.
HBAR price recovery is difficult
Since the launch of the HBAR ETF, the token has fallen about 41%, falling from $0.200 to about $0.117 at the time of writing. This decrease highlights the gap between expectations and achieved demand. Since then HBAR has entered consolidation phases after any sudden movement, reflecting indecision.
A similar result now appears to be associated with a potential range. HBAR swings Between resistance of $0.131 and support of $0.113. If selling pressure intensifies and flows ease, a break below $0.113 could follow. This move will expose $0.104 as the next downside target, with $0.096 as deeper support.
The upside alternative depends on a change in capital flows. If outflows stop and the overall market environment improves, HBAR can stabilize Close to $0.113 and recovery. A decisive move above $0.131 will increase the chances of recovery. A push towards $0.150 will eliminate the negative hypothesis and indicate renewed confidence.
