HBAR Drops 5% as Regulatory Delays Spur Institutional Pullback
Hedera Hashgraph’s HBAR fell nearly 5%, sliding from $0.22 to $0.21 between October 8–9 amid mounting institutional caution. Trading volumes surged above 100 million units per hour, with intraday volatility hitting 5.4%, highlighting market nervousness.
Resistance remained near $0.22, while support formed at $0.21. In the final trading hour, HBAR declined an additional 0.85% to $0.212, and a short-lived rebound to $0.215 quickly fizzled. The sharp drop and rapid liquidity withdrawal suggest a coordinated institutional exit.
The selloff comes as the U.S. government shutdown halts SEC activity, delaying key ETF approvals. Pending filings include Canary Capital’s HBAR and Litecoin ETFs, while Bitwise has cut Solana ETF fees and added staking to stay competitive. Analysts expect corporate treasuries to remain cautious until regulatory clarity returns.
Technical Overview:
- Peak volatility: 5.4%
- Resistance: $0.22, Support: $0.21
- Final hour decline: 0.85%
- Institutional selling confirmed
