The price of Hedera (HBAR) initially rose 10% after Nasdaq filed a form with the SEC to list Canary Capital's proposed HBAR ETF, diverging from the broader market downtrend. However, the rally was short-lived as the altcoin's price dropped 7% in the past 24 hours due to weak demand. Technical indicators such as the Balance of Power indicator and the Chaikin Money Flow suggest further downside for HBAR. The altcoin continues to trade below a descending trendline, indicating bearish momentum. If the decline continues, HBAR's price could fall to $0.169, but a spike in demand could reverse the trend and push it upward to $0.247.



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