The price of Hedera continues to be under pressure due to the general weakness in the cryptocurrency market. HBAR is maintaining its downward trend after failing in multiple recovery attempts, and this scenario indicates that investors are behaving cautiously.
The correction has intensified due to declining demand. ETF data reveals that interest from both crypto-specific and traditional investors has remained low.
Hedera ETF Expectations Not Met
Spot crypto ETFs have dominated market narratives through 2024 and 2025. Many major altcoins were expected to be included in exchange-traded products like Bitcoin and Ethereum. Hedera was highlighted as one of the prominent candidates due to its corporate partnerships and regulatory-compliant narrative.
However, new ETF data shows that the picture is changing. Even before two months have passed since the launch, the Canary HBAR ETF recorded zero inflows on December 22. This situation revealed that appetite for HBAR is limited in both the cryptocurrency market and traditional finance, further weakening investor sentiment.
The absence of an ETF approval indicates that an important bullish catalyst has disappeared. Without institutional inflows, HBAR lacks a strong buffer against selling pressure. This development increases concerns that previous ETF optimism was not based on long-term capital flows, but rather a speculative expectation.
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Technical indicators continue to deteriorate. The total balance volume (OBV) has declined to its lowest level in nine months, indicating ongoing selling pressure. OBV measures whether the volume is weighted towards buying or selling.
The declining OBV specific to HBAR confirms that the sell side has been dominant in recent trading activities.
The decline in the OBV line shows that the trading volume on negative days is greater compared to positive days. This situation indicates that selling pressure is serious and determined. As price declines are accompanied by volume, reversals become difficult without the emergence of a new demand catalyst.
The picture in OBV for HBAR is progressing parallel to the overall downward trend. The selling pressure appears to be structural, not temporary. Unless a recovery in volume or a positive reversal is observed, the downward risks remain high despite occasional price stagnation.
As of the time this news was written, HBAR is trading at around $0.111, hovering without breaking the resistance at $0.120. The token has been stuck in a downtrend for over six weeks. In the current environment, it seems unlikely that this level will be regained without the formation of new demand or improvement in investor sentiment.
If selling pressure intensifies further, HBAR risks losing the support at $0.110. If the break is clear, it is possible for the price to decline to $0.099. Such a scenario would deepen the decline, strengthen downward momentum, and open the door to additional losses.
If conditions improve slightly, there is a chance for the price to stabilize. If HBAR manages to hold above $0.110, it may slowly break the downtrend by moving sideways. Even if the $0.120 resistance is not surpassed, sustained price stagnation weakens bearish expectations and reduces short-term risks.
