Hedera (HBAR) Price Prediction for February 14

Over the last 24 hours, the price of Hedera has been facing bearish market sentiment as it faced a rejection around $0.237. HBAR price recorded a gain of nearly 2.5%, touching the high near $0.2377. Additionally, Hedera’s trading volume has dropped by 24.6% in the last 24 hours, reaching $279.87 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 surged by 2.8% to $8.85 billion in the last 24 hours.

Hedera’s OI Metric Surges

As Hedera price has been struggling around immediate resistance lines, sellers are trying to gain control to send the price toward immediate support channels. However, buyers are strongly defending rising bearish domination. Currently, sellers are attempting to send the price below $0.2 to increase their domination.

In the past 24 hours, there’s been a sharp rejection in the HBAR price chart around $0.237. According to Coinglass, about $400K worth of Hedera trades were settled recently, with $325K of that from buyers who had to close their positions betting on price increases. On the other hand, sellers closed around $75K worth of positions. 

Amid these price challenges, interest in trading Hedera has gone up. The open interest, which tracks the total unsettled trading contracts, has surged to $187.3 million, showing increased activity by 3.4% from yesterday’s rate.  

However, the market might turn bearish in the coming hours as fewer traders are betting on price surges compared to those betting on price declines. Currently, about 53% of traders believe Hedera’s price will drop, while 47% think it will surge.

Hedera Price Prediction: Technical Analysis

Despite the overall buying trend in the crypto market, HBAR price failed to gain the required buying momentum. The price attempted to surge above $0.24 but faced a sharp rejection from sellers, resulting in a drop below the immediate Fib level. Currently, the HBAR price is at $0.2314, having surged over 2.8% in the last 24 hours.

The HBAR/USDT trading pair remains under $0.25, showing strong selling pressure from bearish traders. This price point may continue to be a significant barrier, as short-term holders (STHs) might opt to sell off their positions at this level.

As the price aims for a drop below the EMA20 trend line on the 1-hour chart, sellers could attempt to push it down towards $0.2.

With the Relative Strength Index (RSI) remaining around the buying zone at level 57, there could be a retest of the resistance level. If the price moves above $0.25, it could shift the advantage to the buyers, potentially driving the price up to $0.28.

Hedera Price Prediction: What to Expect Next?

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

Long-term: According to Coincodex, the Hedera Hashgraph price prediction suggests that the price of Hedera Hashgraph could rise by 103.08%, reaching $0.460235 by March 16, 2025. Technical indicators from Coincodex indicate a bearish current sentiment, while the Fear & Greed Index registers at 48, denoting neutrality. Over the past 30 days, Hedera Hashgraph has seen 14 green days, representing 47% of the time, with a price volatility of 15.97%. Based on this forecast from Coincodex, it is currently considered an unfavorable 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.