Hedera (HBAR) attempts a bounce but remains under strong bearish pressure. Grayscale’s withdrawal of its HBAR ETF filing is a major bearish catalyst, removing the cryptocurrency’s institutional narrative at a time when ETF flows remain particularly weak, with only $462k in net flows according to SoSoValue. The key technical level to watch is $0.07: an inability to break through this resistance could trigger a capitulation and push the price below $0.065. The current technical setup is more bearish than bullish, and the 2.5% intraday bounce could turn out to be a fakeout.
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