Core Insights - Hedera's native token HBAR experienced a decline of 3.25% to $0.1925 despite the launch of its first U.S.-listed exchange-traded fund (ETF) [1] - The ETF, trading under the ticker HBR, initially saw a rally of over 25% but faced profit-taking, resulting in about $8 million in first-day volume, indicating solid institutional interest [2] - The launch of the ETF represented a regulatory and institutional breakthrough for Hedera, but technical factors led to bearish momentum and selling pressure [3] Market Performance - Critical support at $0.2040 was breached, with new resistance forming in the $0.2070–$0.2080 range after multiple rejections [5] - A significant trading volume of 261.2 million tokens was recorded, which is 87% above the 24-hour average, indicating strong selling pressure [5] - The price fluctuated within a range of $0.0203 (9.9%), collapsing from $0.194 to $0.192 amid high volume spikes [5] Technical Analysis - The bearish trend is characterized by successive lower highs from the peak of $0.2114, with further downside potential indicated towards $0.190 [5] - Momentum indicators suggest severely oversold conditions, confirming accelerated institutional selling [5]