HBAR Price Prediction: Sellers Target $0.18 as HBAR Plunges 4.0%

In the past 24 hours, the price of Hbar has been facing a strong bearish rally as sellers pushed the price toward $0.18. Hbar recorded a drop of 4.1%, reaching a low of $0.1826. Moreover, the trading volume for Hedera has dropped by 33% over the same period, totalling around $197 million.

In the past 24 hours, the price of Hbar has been facing a strong bearish rally as sellers pushed the price toward $0.18. Hbar recorded a drop of 4.1%, reaching a low of $0.1826.

However, the trading volume for Hedera has decreased by 33% over the same period, totalling around $197 million. This signals a decline in trading activity, which could be a factor in the price remaining stagnant.

On a broader scale, over the past seven days, there has been a significant decline in the price of Hbar, with a reduction of over 15%. This decline began when the price of Hbar fell below $0.39 on December 3 and has been ongoing since then.

On February 3, the price of HBAR crashed heavily as it dropped below the $0.2 mark, which serves as a crucial Fibonacci support level. Additionally, the hack in Bybit pushed the price below $0.2.

In the last 24 hours, Hedera’s market capitalization has dropped by 4% to $7.7 billion.

HBAR’s Funding Rate Turns Negative

At present, Hedera (HBAR) is displaying increased downward volatility as it approaches the critical $0.18 level. Sellers are striving to keep the price at bay and prevent any breaches of Fibonacci channels.

Recent data from Coinglass reveals that $342,000 worth of Hedera transactions occurred during this unstable period. Out of this, buyers liquidated $317,000 in trades due to diminishing hopes for price increases, while sellers faced losses totaling $25,000.

Amid these turbulent market conditions, Hedera’s open interest has fallen by 7.5% in the past 24 hours, amounting to $171 million. This reduction in open interest, a gauge of unresolved trading contracts, signals a decline in trading activity.

Additionally, market indicators point to a likely downward correction soon. The negative funding rate of -0.0028% for HBAR indicates a growing dominance of sellers, potentially driving the market lower.

Hedera Price Prediction: Technical Analysis

HBAR is currently facing significant bearish pressure, pushing its price toward $0.18. The $0.2 mark has established itself as a formidable resistance level, with bears successfully preventing any upward movement and pushing the price toward the immediate support levels.

Currently, HBAR is trading at $0.183, having dropped by more than 4.3% in the last 24 hours.

The HBAR/USDT pair struggles to overcome the immediate resistance at $0.2, a critical point where short-term holders may choose to offload their holdings. Despite these challenges, there remains a possibility that increased buying pressure could help buyers breach this barrier eventually.

If the price continues to stay below the EMA20 line on the 1-hour chart, it is likely that sellers will push it down further towards $0.18. A continued decline from this level could strengthen the sellers’ grip, potentially driving the price down to $0.17.

On the flip side, if HBAR manages to stay above the EMA trend lines, there could be a potential rally back to the $0.2 mark. Breaking above this resistance could pave the way for the price to climb past $0.21.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for $0.2. If the price moves above $0.2, we might see a trade around $0.21. On the down side, $0.18 is the range.

Long-term: According to the latest predictions from Coincodex, Hedera Hashgraph’s price is expected to decrease by -3.28%, reaching approximately $0.178937 by April 20, 2025. Technical indicators suggest a bearish current sentiment, and the Fear & Greed Index indicates a score of 0, suggesting extreme fear in the market. Over the past 30 days, Hedera Hashgraph has seen 15 out of 30 days in green, demonstrating a price volatility of 9.93%. Based on these forecasts from Coincodex, it is currently considered an unfavorable time to invest in Hedera Hashgraph.

How much is Hedera price today?

HBAR price is trading at $0.183 at the time of writing. The HBAR price has dropped by over 4.3% in the last 24 hours.

What is the Hedera price prediction for March 21?

Throughout the day, the Hbar price might aim for $0.2. If the price moves above $0.