Hbar Price Prediction: Will HBAR Price Rise Above $0.18?

In the past 24 hours, the price of Hbar has been facing increasing bearish momentum as it consolidates within strong support zones.

In the past 24 hours, Hbar price has been facing increasing bearish momentum as it consolidates within strong support zones. Hbar recorded a drop of 0.75%, reaching a low of $0.17.

Moreover, the trading volume for Hedera dropped by 17.62% over the same period, finally settling at $172 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 0.5% to $7.15 billion.

Hbar Struggles Amid Bearish Domination

Hedera (HBAR) is struggling as the price stabilizes in strong support areas, and sellers are applying pressure to keep the price down.

Recent statistics from Coinglass indicate that during this period of instability, around $485,000 worth of Hedera trades were liquidated.

Buyers incurred the majority of these losses, with approximately $329,000 lost as confidence in a price increase dwindled. Sellers faced less severe consequences, realizing losses of roughly $156,000.

As the market becomes bearish, there is a reduction in trading activity for Hedera. Open interest, which measures the number of active trading contracts, decreased by 4.6% in the last 24 hours, finally settling at $173 million.

This drop signifies that traders are pulling back. However, there is a slight positive shift as the funding rate has turned positive at 0.059%, suggesting a potential increase in bullish sentiment for the price of HBAR.

Hedera Price Prediction: Technical Analysis

HBAR is encountering significant selling pressure as it attempts to stabilize around specific support zones. The bears are aiming to push the price further towards the next immediate support level.

Currently, HBAR is trading at approximately $0.17, having dropped slightly more than 0.05% in the last 24 hours.

Buyers are finding it difficult to drive the price above the $0.18 resistance mark, and short-term investors appear more focused on selling at this level. If buyers can gain some ground, they will aim to recover from the low points observed near $0.17.

Should HBAR gain momentum and maintain a position above $0.18, there is a possibility of the price rising towards $0.19. Breaking through this level could set the stage for a push towards the next key resistance at $0.20.

Conversely, if HBAR remains below the EMA20 on the 1-hour chart, it could provide an opportunity for sellers to exert more pressure and drive the price further down, potentially breaking the support at $0.163.

If the price continues to decline, it could trigger greater selling, ultimately pushing HBAR’s price towards $0.14.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for a hold above $0.18. If the price holds above $0.18, we might see a trade around $0.2. On the downside, $0.163 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.