Hedera (HBAR) Price Prediction for February 20

Over the last 24 hours, the price of Hbar has been witnessing a recovery rally toward $0.22, flashing a surge of around 5.1%. It briefly reached a high of $0.225 as buyers increased domination. Additionally, Hedera’s trading volume has jumped 6.1% in the last 24 hours, reaching $249.6 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. However, the price is now on a minor recovery path. Consequently, its market capitalization has grown by 6.5% to $9.3 billion in the last 24 hours.

HBAR’s Funding Rate Touches 0.0048%

HBAR price has been surging strongly following a strong buying demand around dip. Hbar price is not on its way to break the $0.25 level if buying pressure continues to rule.

Over the past 24 hours, there’s been a lot of trading of Hedera, with a strong push from both buyers and sellers. According to Coinglass, about $475K in Hedera trades were wiped out, with $199,000 of that coming from buyers ending their bets on price increases. Sellers ended up losing about $276,000.

As a result of this recovery rally, more people are interested in trading Hedera. The open interest, which tracks all the unsettled trading contracts, has increased to $194.9 million, showing a 6.9% surge from yesterday.

With this trend, the market might keep moving up as the funding rate is positive. Currently, the funding rate for Hbar is at 0.0048%, suggesting the rising buying domination on the chart.

Hedera Price Prediction: Technical Analysis

The HBAR price is recovering as it makes a solid surge toward $0.22. Currently, buyers are aiming for a hold above EMA trend lines. As of writing, HBAR price trades at $0.2212, surging over 6.1% in the last 24 hours. 

The HBAR/USDT trading pair is nearing the descending trend line. This level could be a major obstacle as STHs might continue to liquidate here. However, buyers might soon break above that level as demand surges.

If the price falls below the EMA20 trend line on the 1-hour chart, the sellers will likely try to push it back down to $0.2 at the downtrend line.

However, with the RSI level continuing to trade above the midline at level 56, it might trigger a retest of the resistance channel. If the price manages to hold above $0.22, it would favor the buyers. The trading pair could then increase to $0.25-$0.28.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might consolidate around $0.22. If the price moves above $0.22, we might see a trade around $0.25-$0.28. On the down side, $0.2 is the range.  

Long-term: According to the current Hedera Hashgraph price prediction on Coincodex, the price of Hedera Hashgraph is expected to rise by 59.57% and reach $0.356242 by March 22, 2025. Coincodex’s technical indicators suggest that the current sentiment is Bearish, while the Fear & Greed Index indicates a score of 49, representing a Neutral stance. Over the last 30 days, Hedera Hashgraph has experienced 12/30 (40%) green days with a price volatility of 16.67%. Based on these forecasts, it is currently considered a bad time to buy Hedera Hashgraph.

Investment Risks for HBAR

Investing in Hedera can be risky due to market volatility. Investors should:

• Conduct technical and on-chain analysis.
• Assess their financial situation and risk tolerance.
• Consult with financial advisors if necessary.