Over the last 24 hours, the price of Hedera has been facing intense bearish pressure as sellers pushed the price toward the crucial support of $0.2. HBAR price recorded a drop of nearly 10%, touching the low near $0.1816. Additionally, Hedera’s trading volume has surged by 442% in the last 24 hours, reaching $865 million.
Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. In early February, HBAR price crashed and it recorded a low around $0.177. Its market capitalization has dropped by 11% to $7.62 billion in the last 24 hours.
Hedera Faces Nearly $3.5 Million Worth of Liquidation
Over the last 24 hours, there has been a strong domination by the sellers to gain control of the price chart. Currently, sellers are triggering intense bearish pressure as the price dropped below the crucial $0.2 level.
In the past 24 hours, there’s been a downward trend in the Hbar price chart. According to Coinglass, about $3.5 million worth of Hedera trades were settled recently, with $2.84 million of that from buyers who had to close their positions betting on price increases.
Amid these price challenges, interest in trading Hedera has gone down. The open interest, which tracks the total unsettled trading contracts, has declined to $155.7 million, showing lower activity by 4.41% from yesterday’s rate.
Additionally, the market might turn more bearish in the coming hours as fewer traders are betting on price surges compared to those betting on price drops. Currently, about 38% of traders believe Hedera’s price will surge, while 62% think it will decline.
Hedera Price Prediction: Technical Analysis
As the overall crypto market witnessed a solid decline in the last few hours, HBAR price failed to meet buyers’ demand. As a result, the Hbar price dropped below the crucial support level of $0.2. Currently, the HBAR price is at $0.183, having dropped over 9% in the last 24 hours.
The HBAR/USDT trading pair remains below $0.2, showing strong selling pressure from bearish traders. This price point is significant as both side traders might increase their domination around this level.
As the price hovers below the EMA20 trend line on the 1-hour chart, sellers could attempt to break below $0.175. As a result, we might see a downward correction toward $0.119.
With the Relative Strength Index (RSI) remaining around the selling zone at level 25, the bearish dominance rises. However, a rebound from the $0.18-$0.2 zone might strengthen bullish dominance, resulting in a recovery toward $0.23.
Hedera Price Prediction: What to Expect Next?
Short-term: According to BlockchainReporter, Hbar price might aim for a drop below $0.175. If the price moves above that level, we might see a trade around $0.2. On the down side, $0.119 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 71.11% and reach $0.333315 by March 27, 2025. Technical indicators suggest a bearish sentiment, while the Fear & Greed Index indicates a score of 25, classifying it as Extreme Fear. Over the past 30 days, Hedera Hashgraph has experienced 11 out of 30 green days, with a price volatility of 15.39%. Based on this forecast, it is currently not advisable to purchase 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 9% in the last 24 hours.
What is the Hedera price prediction for February 25?
Throughout the day, the Hbar price might aim for a drop below $0.175. If the price moves above that level, we might see a trade around $0.2. On the down side, $0.119 is the range.
Is Hedera a Good Buy Now?
According to long-term forecasts, the HBAR price might reach $0.333 by March 27. This makes HBAR price a good investment considering its monthly yield.
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.