Join Our Telegram channel to stay up to date on breaking news coverage
The Hedera price prediction shows that HBAR is likely to cross above the 9-day and 21-day moving averages once the buyers resume to the market.
Hedera Prediction Data:
- Hedera price now – $0.280
- Hedera market cap – $10.69 billion
- Hedera circulating supply – 38.25 billion
- Hedera total supply – 50 billion
- Hedera Coinmarketcap ranking – #17
Getting in early on crypto projects often proves to be a winning strategy, and Hedera (HBAR) is a prime example. Over the past 24 hours, HBAR has traded between $0.2797 and $0.3019, staying active in the market. Although it’s currently below its all-time high of $0.5701 from September 16, 2021, the token has experienced an astonishing growth of +2709.74% from its all-time low of $0.01001, recorded on January 2, 2020. This remarkable rise highlights the potential rewards for those who recognized HBAR’s promise early on, solidifying its place as a standout performer in the crypto space.
HBAR/USD Market
Key Levels:
Resistance levels: $0.400, $0.420, $0.440
Support levels: $0.160, $0.140, $0.120
HBAR/USD has consistently captured attention in the crypto market, ranking high on watchlists due to its dynamic performance. As of now, HBAR’s position appears more cautious, transitioning from the bullish sentiment of recent days to a slightly bearish outlook. The price momentum suggests a consolidation phase, which could present opportunities for traders to closely monitor its short-term price movements.
Hedera Price Prediction: Hedera Likely to Touch $0.270 Low
The HBAR/USD pair is currently trading within an ascending channel, reflecting a bullish market structure. The price is positioned slightly below the 9-day moving average (MA), indicating minor short-term bearish pressure. However, it remains above the 21-day MA, which continues to act as dynamic support for the medium-term uptrend. The resistance levels at $0.400, $0.420, and $0.440 are key hurdles that the price must clear to signal further bullish momentum. Failure to break these levels could lead to a period of consolidation or a potential retest of lower levels.
On the downside, the $0.200 level serves as the first critical support within the ascending channel, while the $0.160, $0.140, and $0.120 mark represents more robust support zones. If the current market price breaches the 21-day MA downward, it could signal a deeper correction toward these support levels. Conversely, if the price regains strength above the 9-day MA and surges toward $0.350, it may extend its upward trend within the channel. Volume remains a critical factor to watch; a spike in buying activity near the resistance could confirm a breakout while declining volume might indicate waning bullish momentum.
HBAR/BTC May Consolidate Below the Moving Averages
Against Bitcoin, HBAR is trending within an ascending channel, signifying a gradual uptrend in the market. Currently, the price is consolidating just above the 21-day moving average (MA) but slightly below the 9-day MA, suggesting a mild bearish bias in the short term while maintaining medium-term bullish support. The resistance level at 430 SAT and above is a critical barrier, and a breakout above this level would confirm the continuation of the bullish trend. However, the inability to break this resistance could lead to further consolidation or even a pullback toward lower support levels within the channel.
On the downside, the 21-day MA is expected to act as dynamic support, with the next major support level identified at 200 SAT. If bearish momentum intensifies and the price breaches this level, it could test the 165 SAT support and below, which aligns with the lower boundary of the ascending channel. Conversely, if the price reclaims the 9-day MA and gains bullish traction, it might test the upper channel resistance and possibly extend toward higher highs. Trading volume will play a crucial role in determining the price direction, as increasing volume near resistance would favor a breakout while declining volume might suggest weakening bullish momentum.
However, @TheDonOfApes shared with his followers on X (formerly Twitter) that $HBAR is showing a promising setup, highlighting a bull flag pattern that suggests a potential breakout.
$HBAR really nice setup, bull flag pattern should play out pic.twitter.com/guyVp8ofpL
— The Don Of Apes 🦍 (@TheDonOfApes) December 28, 2024
Hedera Alternatives
The Hedera price is attempting to cross above the 9-day and 21-day moving averages while the $0.275 level remains the nearest support where the price could hold. However, since a few hours ago, HBAR/USD has been trading within the moving averages, and this could make the coin head toward the upper boundary of the channel to hit the resistance level of $0.350. Nonetheless, Wall Street Pepe ($WEPE) has emerged as a standout meme coin in the crypto market, drawing attention with its bold performance amidst a market correction. Following its ICO launch, the token raised an impressive $37.8 million, showcasing strong investor confidence.
Wall Street PEPE Next 10X Potential Meme Coin
Wall Street Pepe ($WEPE) continues to gain traction, attracting a vibrant community with its exciting ecosystem and potential for massive returns. Boasting 27,000 Twitter followers and a strong Ethereum-based foundation, $WEPE offers a seamless investment process through platforms like Metamask and Coinbase Wallet, making it accessible to all. With its innovative chapters designed to engage and reward holders, this meme coin is poised to make waves in the crypto market. Priced at just $0.00003655, and with the next price increase imminent, now is the perfect time to join the growing frog army and secure your share in a token that could redefine the meme coin landscape. Don’t miss your chance to be part of the next big crypto success story.
Related News
- Hedera Price Prediction: HBAR Pumps 4%, But Investors Rush To Buy This Crypto Wallet Token With 506% Staking APY
- Can Wall Street Pepe Achieve Similar Success as Pepe Unchained?
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
