HBAR Falls 2.2% on Heavy Volume Despite ETF Interest
HBAR fell 2.2% to around $0.136 on Dec 5, 2025 after breaking key $0.1380 support amid a 47% spike in volume. The intraday sell-off accelerated around 09:00 GMT when 52.21 million HBAR traded, driving a session low near $0.1367 and briefly testing a critical $0.1354 support before recovering to about $0.1361. Technical indicators show oversold conditions but a continuing downtrend with lower highs and range-bound trading between $0.1354–$0.1380. Volume analysis suggests selling exhaustion late in the session. The move came despite renewed institutional interest, including an HBAR ETF filing from Canary Capital Group alongside reports of ETF applications for LTC and DOGE, which could provide longer-term structural demand if approved. Key levels: support at $0.1354 (failure risks deeper retracement); resistance cluster $0.1380–$0.1391. Traders may consider defensive entries near $0.1357 for short-term contrarian plays while watching ETF developments and confirmation of technical direction.
Bearish
The immediate market impact is bearish. A decisive break below $0.1380 on 47% above-average volume signals technical failure and increased selling pressure; successive lower highs and a test of $0.1354 support point to continuation risk. Although ETF filings (Canary Capital’s HBAR ETF and mentions of LTC/DOGE filings) are bullish fundamentals that could drive structural, long-term demand, they have not yet translated into positive price action — short-term trading remains dominated by technicals. Historically, tokens often trade lower after high-volume breakdowns even when positive fundamental news emerges, until concrete ETF approvals or sustained accumulation appear (similar patterns seen with other altcoins during ETF speculation cycles). Short-term traders should expect higher volatility and potential further retracement if $0.1354 fails; opportunistic buyers can watch for volume-backed recoveries above $0.1380 or stabilization near $0.1354–$0.1357 for contrarian entries. In the medium-to-long term, successful ETF approvals or institutional flows could flip sentiment bullish, but until then risk is skewed to the downside.