HBAR Slides 5% Amid Regulatory Delays and Institutional Retreat
Hedera Hashgraph’s HBAR token dropped nearly 5%, from $0.22 to $0.21, between October 8 and 9 as institutional investors pulled back amid regulatory uncertainty. Trading volumes surged past 100 million units per hour, with volatility reaching 5.4%, highlighting heightened market caution.
Heavy selling occurred overnight, with resistance near $0.22 and support around $0.21. In the final hour, HBAR dipped 0.85% to $0.212, while a recovery attempt to $0.215 quickly failed. Volumes fell sharply in the last minutes, suggesting a coordinated institutional exit.
The decline comes as the U.S. government shutdown halts SEC operations, delaying ETF approvals. Pending filings include Canary Capital’s HBAR and Litecoin ETFs, while Bitwise has reduced Solana ETF fees and added staking to remain competitive. Analysts expect corporate treasuries to remain cautious until regulatory clarity returns.
Technical Snapshot:
- Peak intraday volatility: 5.4%
- Resistance: $0.22, Support: $0.21
- Coordinated institutional selling confirmed
