HBAR Price Prediction December 2024: Will HBAR Hit $0.344837?

HBAR price is expected to rise by 12.31% in the next 5 days according to our Hedera Hashgraph price prediction is trading at $ 0.309551

The price of Hedera Hashgraph (CRYPTO: HBAR) is up 5.05% over the last 24 hours, trading at $0.309551. This compares to a gain of 3.60% for the total cryptocurrency market, and a loss of 0.05% for the precious metals market.

Out of the "big two" cryptocurrencies, HBAR performed better against BTC today and recorded a 5.61% gain against the world's largest cryptocurrency, while HBAR lost 0.22% against ETH.

What has been going on with Hedera Hashgraph in the last 30 daysHedera Hashgraph has been displaying a positive trend recently - over the last 30-days, the coin gained 441.22%. The medium-term trend for Hedera Hashgraph has been bullish, with HBAR increasing by 496.42% in the last 3 months.

The long-term picture for Hedera Hashgraph is also positive - HBAR is currently displaying a 282.64% 1-year price change. On this day last year, HBAR was trading at $0.080898.

Hedera Hashgraph reached its all-time high price on Sep 15, 2021, when the price of HBAR peaked at $0.567001. The current HBAR cycle high is at $0.389138, while the cycle low is at $0.035755.

HBAR has been displaying high volatility recently - the 1-month volatility of the coin is at 48.34. Hedera Hashgraph recorded 16 green days in the last 30 days.

Hedera Hashgraph technical analysis for today - Dec 13, 2024The sentiment in the Hedera Hashgraph markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed.

The most important support levels to watch are $0.281182, $0.270825 and $0.255012, while $0.307352, $0.323165 and $0.333522 are the key resistance levels.

Bullish sentiment for Hedera Hashgraph26 indicators are currently signaling a bullish prediction for Hedera Hashgraph, while 4 indicators are showing a bearish forecast. With 87% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Hedera Hashgraph.

Crypto market is currently experiencing Extreme GreedCurrently, the Fear & Greed index is at 76 (Extreme Greed), which signals that investors have a positive outlook on the market.

The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Hedera Hashgraph moving averages & oscillatorsLet's take a look at what some of the most important technical indicators are signaling. We'll be going through key moving averages and oscillators that will allow us to get a better idea of how Hedera Hashgraph is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Hedera Hashgraph is at 61.64, suggesting that HBAR is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Hedera Hashgraph over the last 50 days. Currently, Hedera Hashgraph is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that's calculated by taking an average of the HBAR closing price for the last 200 days. HBAR is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Hedera Hashgraph predictionAfter considering the above factors, we can conclude that the current forecast for Hedera Hashgraph price prediction is Bullish. HBAR would have to increase by 12.31% to hit our $0.344837 target within the next five days. Moving forward, it will be important to monitor the HBAR market sentiment, the key support and resistance levels, and other metrics. However, we have to