HBAR Price Remains Bearish Despite Strong Institutional Demand

Hedera's (HBAR) price remains bearish after breaking below the $0.07 support level in July, putting its July low of $0.065 as the next major level to watch.

Despite this weakness, institutional positioning seems to be preventing a deeper correction, with HBAR ending July with over $3 million in net ETF inflows, marking its strongest monthly inflow since May.

This is notable because HBAR still managed to limit downside despite closing the month in the red, and when compared with Solana (SOL), a key divergence starts to appear.

Solana attracted strong institutional demand with $14 million in net ETF inflows in July, but its price action underperformed HBAR's, which declined by 0.94%, while SOL fell over 1.7%.