Hedera’s native token, HBAR, fell 3.25% to $0.1925 over the 24-hour period ending October 30, despite the launch of its first U.S.-listed exchange-traded fund. The selloff followed Canary Capital’s spot HBAR ETF debut on the Nasdaq, a milestone for non-Bitcoin digital assets. The token initially rallied more than 25% after the announcement, but enthusiasm quickly faded as profit-taking set in. The ETF, trading under the ticker HBR, recorded about $8 million in first-day volume, underscoring solid institutional interest despite short-term price weakness. While the ETF marked a regulatory and institutional breakthrough for Hedera, technical factors overshadowed fundamentals. HBAR broke through key support levels, confirming bearish momentum and triggering accelerated selling pressure. Market data suggests the decline was part of a broader pattern of controlled selling across digital assets. Elevated trading volumes, nearly 20% above normal levels, indicate that larger players may have been locking in profits from the ETF-driven rally. HBAR/USD (TradingView) Key Technical Levels Signal Continued Pressure for HBAR Support/Resistance Critical support at $0.2040 broke during the 24-hour period. New resistance formed in the $0.2070–$0.2080 zone after multiple rejections. Volume Analysis Strong selling pressure with 261.2M tokens traded, 87% above the 24-hour average. Most significant volume activity occurred on 30 October at 04:00 as price broke key technical levels. Chart Patterns Bearish trend established with successive lower highs from the $0.2114 peak. Total range of $0.0203 (9.9%); price collapsed from $0.194 to $0.192 amid massive volume spikes. Targets & Risk/Reward 60-minute analysis indicates further downside toward $0.190. Momentum indicators show severely oversold conditions, confirming accelerated institutional selling. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.