HBAR Price Pulls Back as Canary Capital Revives ETF Push

Canary Capital has renewed its marketing push for its Spot HBAR ETF on Nasdaq. In July, the firm highlighted Hedera Hashgraph as a key player in the next wave of real-world asset (RWA) tokenization.

The spot ETF's low demand has not significantly helped prevent the HBAR price pullback, with a 40% drop from $0.11 to $0.06 over the past two months.

However, some whales have been buying the dip, with renewed interest in HBAR as it consolidated above the $0.0650 support zone. A developing double bottom pattern could reinforce this outlook if the pattern is finalized and HBAR recovers and surges above $0.076.