Hedera: institutional engagement sparks a 7.26% gain but downside risks persist

Hedera (HBAR) sits around $0.115, with short-term stabilization beneath key moving averages and ongoing bearish momentum. Institutional interest remains, as spot HBAR ETFs approximate 1.1% of circulating supply, while council-backed governance (Google, IBM, LG) supports enterprise adoption. Technicals show oversold conditions but a bearish setup persists: MACD/ADX bearish, Ichimoku resistance at $0.123, and a projected $0.102–$0.125 range. A decisive move above $0.123 could target $0.131; otherwise further declines seem likely.