HBAR Price Prediction 2024: Will HBAR Hit $0.35 by December 2024?

HBAR price is expected to rise by 12.33% in the next 5 days according to our Hedera Hashgraph price prediction

HBAR price is expected to rise by 12.33% in the next 5 days according to our Hedera Hashgraph price prediction

is trading at $0.291932 after losing -6.72% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -7.46% in the same time period. HBAR performed poorly against BTC today and recorded a -4.13% loss against the world’s largest cryptocurrency.

According to our Hedera Hashgraph price prediction, HBAR is expected to reach a price of $0.354892 by Dec 30, 2024. This would represent a 12.33% price increase for HBAR in the next 5 days.

HBAR Price Prediction Chart

Buy/Sell Hedera Hashgraph

What has been going on with Hedera Hashgraph in the last 30 days

Hedera Hashgraph has been displaying a positive trend recently, as the coin gained 121.16% in the last 30-days. The medium-term trend for Hedera Hashgraph has been bullish, with HBAR increasing by 375.46% in the last 3 months. The long-term picture for Hedera Hashgraph has been positive, as HBAR is currently displaying a 224.66% 1-year price change. On this day last year, HBAR was trading at $0.089918.

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 $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 22.48. Hedera Hashgraph recorded 17 green days in the last 30 days.

Hedera Hashgraph technical analysis for today - Dec 26, 2024

The sentiment in the Hedera Hashgraph markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $0.297504, $0.262442 and $0.241871, while $0.353138, $0.373709 and $0.408771 are the key resistance levels.

Bullish sentiment for Hedera Hashgraph

27 indicators are currently signaling a bullish prediction for Hedera Hashgraph, while 2 indicators are showing a bearish forecast. With 93% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Hedera Hashgraph.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 73 (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 & oscillators

Let’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 66.37, 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 prediction

After considering the above factors, we can conclude that the current forecast