Hbar Price Prediction: Will Hbar Bounce Back From This Dip?

In the past 24 hours, the price of Hbar has been facing a rising bearish threat as it dropped below the crucial support line at $0.16.

The price of Hbar has been facing a rising bearish threat in the past 24 hours as it dropped below the crucial support line at $0.16. Hbar recorded a drop of 3%, reaching a low of $0.1565.

Moreover, the trading volume for Hedera has surged by 68% over the same period, totalling around $256 million.

Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. On February 3, the price of HBAR crashed heavily as it dropped below $0.2. Additionally, the hack in Bybit pushed the price below $0.2. In the last 24 hours, Hedera’s market capitalization dropped by 3% to $6.93 billion.

Hbar Faces Increased Long Liquidation

Hedera (HBAR) is on a decline, with the price slipping below the $0.16 support level. According to recent data from Coinglass, the market’s volatility led to approximately $1.15 million in Hedera trade liquidations.

The majority of these losses were borne by buyers, who lost about $969,000, reflecting dwindling confidence in a price rebound. In contrast, sellers incurred much smaller losses, totalling about $177,000.

Market sentiment for Hedera has turned bearish, with a noticeable decrease in trading activity. Open interest, which measures the total outstanding trading contracts, has fallen by 4.9% to around $164 million over the last 24 hours, signaling a pullback by traders.

However, there’s a glimmer of hope as the funding rate has shifted to a positive 0.006%, hinting at a budding increase in bullish sentiment towards HBAR’s future price.

Hedera Price Prediction: Technical Analysis

HBAR is experiencing significant selling pressure, causing its price to dip below the $0.16 mark. The current trading price is approximately $0.163, marking a decline of over 3.6% in the last 24 hours as bears aim for lower support levels.

At the moment, buyers are struggling to push the price past the $0.18 resistance, with short-term investors appearing quick to offload their holdings at that price. However, if buyers can rally, they might aim to rebound towards the $0.17 level.

If HBAR can gain traction and sustain above $0.18, it could potentially climb towards $0.19. A breakthrough there might pave the way to challenge the next significant resistance at $0.20.

On the flip side, if HBAR continues to trade below the EMA20 on the 1-hour chart, it could empower sellers to keep the price below $0.16. Persistently lower prices may trigger further selling, potentially driving HBAR down to $0.14.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for a hold above $0.17. If the price holds above $0.17, we might see a trade around $0.18. On the down side, $0.14 is the range.

Long-term: According to Coincodex’s current Hedera Hashgraph price prediction, the price of HBAR is expected to decline by approximately 11.26%, potentially reaching $0.153453 by April 28, 2025. Coincodex’s technical indicators currently show bearish sentiment, while the Fear & Greed Index is at a level of 26 (Fear). Over the past 30 days, Hedera Hashgraph recorded 16 green days (53%) and exhibited price volatility of about 11.14%. Given these insights, Coincodex suggests that it is currently not an optimal time to purchase Hedera Hashgraph.

How much is Hedera price today?

HBAR price is trading at $0.163 at the time of writing. The HBAR price has dropped by over 3.6% in the last 24 hours.

What is the Hedera price prediction for March 31?

Throughout the day, the Hbar price might aim for a hold above $0.17. If the price holds above $0.17, we might see a trade around $0.18. On the down side, $0.14 is the range.

Is Hedera a Good Buy Now?

According to long-term forecasts, the HBAR price might reach $0.153 by April 28. This makes HBAR price a bad investment considering its monthly yield.