HBAR Downtrend and ETH ETF Inflows Shift Trader Focus to BlockDAG’s Record Presale

Hedera’s HBAR token is under heavy selling pressure, with technical analysis pointing to a potential 27% decline and network metrics indicating shrinking user activity and transaction fees. Stablecoin supply on the Hedera network has plunged, total value locked (TVL) has more than halved since June 10, and DeFi protocols continue to underperform. HBAR’s recent rejection at the $0.208 resistance reinforces a bearish outlook, with short-term targets between $0.185 and $0.180, and further downside possible unless key resistance levels are reclaimed. Meanwhile, Ethereum (ETH) remains range-bound despite spot ETF inflows of $248 million last week. Persistent shorting in futures markets is counteracting bullish spot demand, keeping ETH around $2,550 and up less than 1%, as traders watch to see if current support will hold. In contrast, BlockDAG (BDAG) has attracted increasing trader attention, with its presale raising over $291 million and more than 22.1 billion tokens sold. A temporary token price drop to $0.0018 until June 13 has accelerated demand, and with targets of $0.05 for listing and optimistic forecasts reaching $1 in the future, BDAG is seen as delivering stronger performance compared to HBAR and ETH amid the current market uncertainty. As a result, trader sentiment is shifting away from established assets to emerging opportunities such as BlockDAG’s presale. Key trends include declining stablecoin participation, DeFi underperformance, and a migration of speculative capital towards projects with high perceived upside.