Hedera (HBAR) Price Prediction for February 6 

Over the last 24 hours, the price of Hedera has been facing mixed market sentiment as it struggles below $0.25. HBAR price recorded a decline of nearly 4.5%, touching the low near $0.236. Additionally, Hedera’s trading volume has dropped by 31.6% in the last 24 hours, reaching $351.5 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 4.17% to $9.31 billion in the last 24 hours.

HBAR Faces Liquidation Worth $500K

Though Hedera price has been struggling around immediate resistance lines, buyers still have the control to send the price toward a recovery path. Currently, there’s a strong battle between the buyers and sellers. Right now, buyers are trying hard to keep the price steady at $0.25, but it’s challenging.

In the past day, there’s been a lot of trading with Hedera, especially from buyers trying to push the price up. According to Coinglass, about $495K worth of Hedera trades were settled recently, with $439.7K 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 dropped to $187.12 million, showing decreased activity by 3.75% from yesterday’s rate.  

However, the market might turn bullish in the coming hours as fewer traders are betting on price declines compared to those betting on price surges. Currently, only about 27% of traders believe Hedera’s price will drop, while a majority of 73% think it will surge.

Hedera Price Prediction: Technical Analysis

As Donald Trump returns to the White House, the crypto market is seeing a rise. However, the recent market crash has put Hedera price under a strong bearish pressure. Currently, the HBAR price is at $0.245, having dropped over 1.9% 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.

If the price stays below the EMA20 trend line on the 1-hour chart, sellers could attempt to push it down towards $0.21.

With the Relative Strength Index (RSI) remaining just below the midline at 41, there could be a retest of the resistance level. Should the price stabilize 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, $0.21 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 23.44% and reach $0.300272 by March 8, 2025. Coincodex’s technical indicators suggest that the current market sentiment is Bearish, while the Fear & Greed Index indicates a score of 49, which is considered Neutral. Over the past 30 days, Hedera Hashgraph has had 13 out of 30 green days, with a price volatility of 10.82%. Based on this forecast from Coincodex, it is currently not advisable 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.