Hbar (HBAR) Price Prediction: Technical Analysis Shows Strong Bullish Rally Toward the Immediate Resistance Channel

In the past 24 hours, the price of Hbar has seen a strong bullish rally as it surges toward the immediate resistance channel.

In the past 24 hours, the price of Hbar (HBAR) has seen a strong bullish rally as it surges toward the immediate resistance channel. This surge has contributed to a 3.9% gain in Hbar’s price, which is currently trading at a high of $0.1843.

However, the trading volume for Hedera has decreased by 10% over the same period, totalling around $195 million. This decrease in volume might indicate a decline in trading activity.

On a broader scale, Hedera’s price dropped below $0.39 on December 3, and it has been decreasing steadily since then. On February 3, the price of HBAR crashed heavily as it dropped below the crucial support level of $0.2.

Additionally, the recent hack in Bybit pushed the price of Hbar below the $0.2 mark. This incident occurred as Bitcoin (BTC) price also faced rejection at the $25,000 level.

In the last 24 hours, Hedera’s market capitalization has surged by 3.4% to reach $8.11 billion.

HBAR’s Funding Rate Remains Positive

The Hbar price is showing signs of increased volatility as it approaches a potential high of $0.2. However, despite this upward momentum, bearish resistance is making a breakout challenging.

Recent data from Coinglass indicates that approximately $105.7K worth of Hedera transactions have been settled in this volatile period.

Within this activity, buyers liquidated $71.4K in trades as optimism for further price gains diminished, whereas sellers saw losses of around $34.3K.

In the midst of these market fluctuations, the open interest in Hedera has risen by 3.5% over the last 24 hours, reaching a total of $165 million. This metric, which measures the total volume of unsettled trading contracts, reflects a heightened level of trading activity.

Furthermore, market indicators hint at a possible upward correction soon. A positive funding rate of +0.0094% for HBAR suggests increasing buyer influence, potentially driving the market further upward.

Hedera Price Prediction: Technical Analysis

The HBAR price is making a strong surge as it moves toward the crucial $0.2 level. As a result, Hbar price is consolidating above the descending resistance line, suggesting potential of further upward movements. As of writing, HBAR price trades at $0.192, surging over 3.5% in the last 24 hours.

The HBAR/USDT trading pair is struggling to approach the immediate resistance line at $0.2. This level could be a major obstacle as STHs might continue to liquidate here. However, buyers might soon break above that level as demand surges.

If the price holds below the EMA20 trend line on the 1-hour chart, the sellers will likely try to push it back down to $0.18. A drop from this level might strengthen sellers’ dominance, pushing the price toward $0.17.

On the other hand, if Hbar price holds above EMA trend lines, we might see a recovery toward $0.2. A push above that level could send the price above $0.21.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for $0.2. If the price moves above $0.2, we might see a trade around $0.21. On the down side, $0.18 is the range.

Long-term: According to Coincodex’s Hedera Hashgraph price prediction, the price of Hedera Hashgraph is expected to increase by 1.31%, reaching $0.192293 by April 18, 2025. The technical indicators from Coincodex indicate a bearish sentiment, while the Fear & Greed Index stands at 32, signaling fear.

Over the last 30 days, Hedera Hashgraph has seen 14 green days, accounting for 47% of the time, with a price volatility of 9.57%. Based on the current forecast, it is advised that now is not an optimal time to purchase Hedera Hashgraph.

How much is Hedera price today?

HBAR price is trading at $0.192 at the time of writing. The HBAR price has surged by over 3.5% in the last 24 hours.

What is the Hedera price prediction for March 19?

Throughout the day, the Hbar price might aim for $0.2. If the price moves above $0.2, we might see a trade around $0.21. On the down side,