The Hedera token, once buoyed by the hopeful whispers of an ETF approval, now finds itself adrift in a sea of disillusionment. The market, that fickle lover, has turned its gaze elsewhere, leaving HBAR to flounder like a moth caught in the cruel glow of a dying star.
- HBAR’s descent? A 11% waltz downward from its fleeting zenith this week, a performance so tragic it would make Chekhov weep.
- Even the ETF inflows, those timid little saviors, cannot shield it from the icy winds of bearish fate. 💨
- Technical indicators? They hiss like cats in a storm-death crosses, trendlines, and clouds of doom all conspire to drag it toward $0.1500. 🐾
Behold, HBAR now slumbers at $0.1965, a 12% tumble from its recent hubris and a 50% nosedive from its year-to-date high. One might say it’s the crypto world’s answer to a Shakespearean hero-triumphant one moment, ruined the next. 🎭
The Federal Reserve, that puppetmaster of markets, delivered a hawkish decree on Wednesday, and lo, the crypto realm trembled. HBAR, like a fragile teacup in a gale, shattered under the weight of its own hype. 🌀
Investors, ever the opportunists, devoured the ETF approval news like vultures at a feast-only to abandon it once the crumbs were gone. Such is the art of FOMO, my dear reader: buy the rumor, sell the reality. 🦅
Data from SoSoValue reveals the HBAR ETF’s meager $32 million in cumulative inflows-a pittance compared to Solana’s $154 million splendor. One might say HBAR’s popularity is akin to a forgotten lullaby in a concert hall. 🎶
And yet, Solana’s triumph is no surprise. With a market cap of $102 billion and 387 DeFi dApps, it dances in the spotlight while Hedera, with its 23 dApps and $194 million TVL, clutches its coat tails in the shadows. 🕯️
Hedera’s Technical Descent into Madness
The daily chart paints a tale of hubris and collapse. On October 28th, HBAR soared to $0.2196, only to crash into the arms of a descending trendline-a cruel lover who always demands more. 🪶
The Supertrend indicator now snarls below the price, a sign that bears reign supreme. The Ichimoku cloud looms like a funeral shroud, while the death cross of moving averages whispers of inevitable doom. 🕯️
Thus, the future for HBAR is as clear as a foggy mirror: a continued plunge toward $0.1500. Unless, of course, it dares to defy the trendline-a feat as likely as a snowstorm in July. ❄️
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2025-10-31 18:01