Hedera (HBAR) Price Prediction for February 27

Over the last 24 hours, the price of Hbar has been witnessing a recovery rally toward $0.2, flashing a surge of around 1.5%. It briefly reached a high of $0.2021 as buyers increased domination. Additionally, Hedera’s trading volume has dropped 19.4% in the last 24 hours, reaching $400 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 recent hack in Bybit pushed the price toward $0.2. Consequently, its market capitalization has grown by 1.4% to $8.5 billion in the last 24 hours.

HBAR’s Funding Rate Touches 0.0102%

HBAR price has been surging strongly following an intense buying demand around dip. Hbar price is not on its way to break the $0.22 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 $915K in Hedera trades were wiped out, with $634,000 of that coming from buyers ending their bets on price increases. Sellers ended up losing about $281,000.

Despite the ongoing recovery rally, the number of open interests is declining. The open interest, which tracks all the unsettled trading contracts, has dropped to $161 million, showing a 1.3% drop from yesterday.

However, the market might keep moving up as the funding rate is positive. Currently, the funding rate for Hbar is at 0.102%, 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 $0.2. Currently, buyers are aiming for a hold above EMA trend lines. As of writing, HBAR price trades at $0.202, surging over 1.49% 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 $0.175 at the downtrend line.

However, with the RSI level continuing to trade around the midline at level 48, 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, $0.175 is the range.  

Long-term: According to the current Hedera Hashgraph price prediction from Coincodex, the price of Hedera Hashgraph is expected to increase by 91.82% and reach $0.376963 by March 28, 2025. Technical indicators point to a bearish sentiment, and the Fear & Greed Index is currently at 21, indicating ‘Extreme Fear’. Over the past 30 days, Hedera Hashgraph has seen 11 green days out of 30, with a price volatility of 14.77%. Based on this forecast, it is 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.