Hedera (HBAR) Price Prediction for April 4

In the past 24 hours, the price of Hbar has been facing increasing volatility as it aims for a surge above $0.17. Currently, buyers are dominating the price chart as sellers lose confidence. Hbar recorded a gain of 3%, reaching a high of $0.167. Moreover, the trading volume for Hedera has dropped by 20% over the same period, totaling around $327 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 ongoing tariffs imposed by Donald Trump are keeping the Hbar price below $0.2. In the last 24 hours, Hedera’s market capitalization has surged by 3.7% to $6.96 billion.

Hbar Faces Minor Buying Pressure

As the overall mood in the crypto market becomes a bit more bullish, Hedera (HBAR) is seeing some gains. HBAR initially faced an upward push towards $0.17, but sellers are putting up a strong resistance.

According to Coinglass, about $432,000 worth of HBAR trades were liquidated recently. Out of these losses, sellers accounted for roughly $153,000 while buyers took a slightly bigger hit, losing around $279,000. Currently, the market sentiment for HBAR has become slightly bearish, indicated by a decrease in trading activity.

The open interest, which measures the total number of active contracts, has fallen by 2.87% to about $151 million in the last day, showing that traders are pulling back. Despite this drop, there’s a small positive signal.

The funding rate has shifted to a positive 0.0073%, hinting at a possible increase in buying sentiment and potentially signaling a rebound for HBAR’s price soon.

Hedera Price Prediction: Technical Analysis

HBAR has seen some buying interest recently, pushing its price above the $0.16 level. Right now, the price is at $0.165, having risen by 2.7% in the last 24 hours. Buyers are trying to break out of the current price range by surpassing the $0.17 mark, but they’re meeting strong resistance from sellers who are keen to prevent any further gains.

It’s proving difficult for buyers to breach the $0.17 level as short-term investors are quick to sell their stakes at this price. However, if buyers can gather strength and overcome the sellers’ defense, they might aim for the $0.18 mark next.

On the flip side, if HBAR holds below the 20-period Exponential Moving Average (EMA20) on the 1-hour chart, it could allow sellers to keep the price under $0.16. Should the price continue to stay low, it might trigger more selling, potentially pushing HBAR’s price down to $0.14.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for a hold above $0.17. If the price holds above $0.17, we might see a trade around $0.18. On the down side, $0.14 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.

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.