- HBAR price trades within a descending channel, keeping short-term momentum tilted to the downside.
- A break below $0.107 may confirm continuation toward lower liquidity zones.
- Canary Capital’s HBAR ETF reports steady accumulation with transparent daily disclosures.
HBAR price continues to reflect a cautious market tone, with technical structure favoring downside continuation even as a U.S.-listed spot ETF records steady accumulation through regulated institutional channels.
Bearish Structure Defines Short-Term HBAR Price Action
HBAR price remains confined within a descending channel on the one-hour chart, signaling persistent bearish control. Lower highs and lower lows continue to shape price behavior, limiting upside follow-through during relief rallies.
Market commentary shared by the X account Morecryptoonl noted that the HBAR price reacted from micro support before forming a broader corrective wave. The analysis suggested that a new downward wave may already be unfolding.
Technical levels reinforce this view, as price recently stalled inside a Fibonacci retracement cluster between $0.117 and $0.126. This zone has repeatedly acted as resistance during prior corrective rebounds.
Repeated rejections near channel resistance indicate that overhead supply remains active. Without a sustained break above $0.126, the prevailing structure continues to favor controlled downside movement.
Support Levels and Liquidity Zones in Focus
HBAR price is currently supported by a narrow demand zone between $0.104 and $0.106. This area has absorbed several tests, though repeated interaction often reduces effectiveness over time.
A decisive break below $0.107 would strengthen the bearish case. Such a move would confirm continuation within the existing channel structure.
Below this region, technical mapping identifies a deeper liquidity pocket near $0.088 to $0.090. This level aligns with the 78.6% Fibonacci retracement.
Momentum indicators remain consistent with corrective rallies. Volatility compression suggests that expansion may follow once nearby support levels resolve.
ETF Accumulation Adds Context to HBAR Supply Dynamics
While HBAR price trends lower, institutional exposure has gradually increased through a regulated ETF structure. Canary Capital’s spot HBAR ETF, trading under ticker HBR, launched on October 28, 2025.
Public disclosures cited by X account @altcoinbuzzio reported an increase of roughly 8 million HBAR during late December. Daily ETF reports corroborated this accumulation trend over several weeks.
As of December 24, the fund held approximately 473 million HBAR tokens. This represents just over one percent of the circulating supply, based on estimates near 42.5 billion tokens.
The ETF follows a spot-based structure, with custody handled by regulated providers including Coinbase and BitGo. Holdings are published daily, offering transparency in private crypto funds.
Trading volumes suggest an early-stage adoption rather than speculative inflows. Accumulation appears tied to incremental investor subscriptions rather than a single allocation event.
This custody shift does not remove tokens from circulation entirely. However, it may influence short-term liquidity as assets move into institutional-grade storage frameworks.
