HBAR Risks 34% Price Plunge as ETF Outflows and Bearish Technicals Mount

Hedera Hashgraph's native token, HBAR, is facing severe downward pressure as multiple factors converge to threaten further declines. Recent data shows that ETF inflows for HBAR have stalled, with Canary Capital's HBR Spot Hedera ETF recording a $1.71 million outflow last week and no new inflows over the past three trading days. The ETF's holdings have adjusted, but it still controls approximately 0.83% of HBAR's total capped supply of 50 billion tokens, with accumulated inflows of $74 million and assets totaling $61 million.

Compounding the issue, open interest in HBAR futures has plummeted to a yearly low of $112 million, down sharply from $450 million in early October, indicating reduced trader confidence. The token's price has fallen over 52% from its August peak of $0.3052, currently trading around $0.146, with a weekly drop of nearly 19% and a three-month decline of 39%.

Technical analysis reveals bearish signals, including a death cross pattern and hidden bearish divergence on the 12-hour RSI, suggesting sustained downward momentum. The Money Flow Index (MFI) has broken below its trendline, signaling weakened dip-buying activity. Key support levels are at $0.141 and $0.134, with a breach potentially leading to a 30% drop, while resistance sits at $0.154. Spot market volume has also dwindled to $275 million, far below the $6 billion seen in December 2024, highlighting diminished investor interest.