HBAR Token in Focus: Institutional Accumulation Meets Technical Weakness

The Hedera price development remains contradictory. While the price is currently around $0.12 and has gained 0.84% in the last 24 hours, the technical situation still shows weaknesses. The price persistently moves within a descending channel, indicating ongoing bearish pressure.

Institutional Accumulation Intensifies

Meanwhile, the Canary Capital ETF for HBAR reports a remarkable development: The daily position reports from late December showed an increase of approximately 8 million HBAR. The total holdings of the fund have thus grown to around 473 million tokens. This accumulation signal suggests that institutional actors are taking advantage of the dip, even if this has not yet reflected in a price recovery.

Technical Resistance Levels Slow Down Upward Momentum

On the upside, the resistance zone between $0.117 and $0.126 remains stubborn. Multiple rejections in this area indicate persistent over-supply. On the downside, the HBAR price is supported by a demand zone between $0.104 and $0.106. However, a break below $0.107 could pose a significant risk and trigger further declines to lower liquidity levels.

Conclusion: Tension Between Accumulation and Price Pressure

The current market situation presents an interesting scenario: institutional accumulation is increasing, but the price continues to be pressured by technical bear traps. As long as the HBAR price does not sustainably establish itself above the resistance zone, the short-term dynamics remain critical. The accumulation of ETF holdings could be a positive signal in the medium term but initially requires technical stabilization.