HBAR Price Declines Amid Flat Institutional Demand

Asset manager Canary Capital is pushing its Spot HBAR ETF once again. The firm believes that Hedera Hashgraph is a key player in the next wave of real-world asset (RWA) tokenization, and that the best way for U.S investors to get exposure to the RWA boom is through this ETF product listed on Nasdaq.

The HBAR price has slumped by nearly 40% over the past two months, dropping from $0.11 to $0.06. Despite this decline, some whales have been buying in at lower prices, viewing them as a good opportunity for long positions.

The recent losses have been consolidated above the key support zone of $0.0650, and the price chart shows a developing double bottom pattern that could reinforce the whale's outlook if the pattern is finalized.