HBAR's price has continued its downward trajectory, dropping nearly 15% from its year-to-date high and 62% from its peak in July 2021. The token's price has fallen for seven consecutive days, currently trading at $0.1150. Technical analysis indicates a bearish outlook, with the price remaining below key resistance levels and moving averages. The Average Directional Index (ADX) has also dropped, suggesting a loss of momentum. The recently launched Canary Hedera ETF has seen limited demand, with cumulative inflows reaching $84.5 million, significantly lower than other altcoin ETFs like XRP and Solana. Additionally, Hedera's ecosystem growth has stalled, with its DeFi market share and total value locked (TVL) declining. The network's stablecoin market share has also decreased, contributing to the waning demand for HBAR tokens. Market data shows HBAR's trading volume and futures open interest have declined, indicating reduced investor interest. The lack of a clear catalyst for growth suggests that the bearish trend may continue unless significant changes occur in the market dynamics or ecosystem development.