HBAR Price Prediction: Hedera Hashgraph (HBAR) Struggles to Break Above $0.35 as Both Buyers and Sellers Liquidate

Over the past day, the price of Hedera has risen nicely, increasing from $0.293 to $0.32, an increase of over 2.17%.

Hedera (HBAR) price has seen a slight increase on January 29 as the crypto market shows signs of rising following Donald Trump's executive orders.

HBAR price attempts to meet buyers’ demand above the $0.32 level. At the time of writing, HBAR price trades at $0.313, showing an increase of over 1.2% in the last 24 hours. The HBAR/USDT trading pair continues to struggle below $0.35, indicating strong domination from the bears.

Hbar price might continue to struggle below $0.35 throughout the day. If the price moves above that level, we might see a trade around $0.37. On the down side, $0.3 is the range.

Relevant HBAR Price Analysis

Hedera Hashgraph (HBAR) price has dropped below $0.39 as observed on December 3 and has been decreasing since then. However, after maintaining a stable range between $0.23 and $0.25 for some time, Hedera has begun to recover, preventing further price drops.

As interest in buying Hedera (HBAR) has increased since Trump took office and contributed to a rise in HBAR prices, he has also signed several executive orders that support the cryptocurrency market.

In the last 24 hours, Hedera has seen a lot of trading activity, with strong participation from both buyers and sellers. According to Coinglass, around $738,000 worth of Hedera trades were liquidated, with $495,000 coming from buyers closing their bets on price increases, while sellers lost about $243,000.

Following this recent price correction, more traders are showing interest in Hedera. The open interest— which tracks all ongoing trading contracts—has risen to $362 million, indicating increased market participation.

With this momentum, the market could continue to rise as more traders are betting on price increases rather than declines. Currently, the ratio of bullish (price increase) to bearish (price decrease) bets stands at 1.3918, with 58% of traders expecting Hedera’s price to go up, while 42% anticipate a drop.

HBAR Technical Analysis

The crypto market is already on a rise as Donald Trump signs multiple executive orders. Currently, HBAR price is attempting to meet buyers’ demand above the $0.32 level. As of writing, HBAR price trades at $0.313, surging over 1.2% in the last 24 hours.

The HBAR/USDT trading pair continues to struggle below $0.35, indicating strong domination from the bears. This price level could be a major obstacle as STHs might continue to liquidate here. 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 $0.3.

However, the RSI level continues to trade around the midline at level 48, which might trigger a retest of the resistance channel. If the price manages to hold above $0.35, it would favor the buyers. The trading pair could then increase to $0.37.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might continue to struggle below $0.35. If the price moves above that level, we might see a trade around $0.37. On the down side, $0.3 is the range.

Long-term: According to the Hedera Hashgraph price prediction on Coincodex, the price of Hedera Hashgraph is expected to increase by 17.76% and reach $0.370172 by March 1, 2025. Technical indicators used by Coincodex indicate a Bullish current sentiment, while the Fear & Greed Index is at 70, showing Greed. Over the last 30 days, Hedera Hashgraph has recorded 14/30 (47%) green days with 9.13% price volatility. Based on this forecast, it is currently considered a good time to buy Hedera Hashgraph.