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The Hedera price prediction shows that HBAR attempts to cross above the 9-day and 21-day moving averages as the bulls heads to the north.
Hedera Prediction Data:
- Hedera price now – $0.197
- Hedera market cap – $8.32 billion
- Hedera circulating supply – 42.21 billion
- Hedera total supply – 50 billion
- Hedera Coinmarketcap ranking – #16
Getting into crypto projects early can often yield significant returns, and Hedera Hashgraph’s (HBAR) price history is a great example. Since hitting its all-time low of $0.01001 on January 2, 2020, HBAR has skyrocketed by an impressive 1,876.14%, demonstrating the potential long-term gains for early adopters. While currently trading between $0.1913 and $0.2009, it’s still far from its all-time high of $0.5701 recorded on September 16, 2021. This highlights the volatility and opportunity within the crypto space, making timing a crucial factor for investors.
HBAR/USD Market
Key Levels:
Resistance levels: $0.260, $0.270, $0.280
Support levels: $0.140, $0.130, $0.120
HBAR/USD continues to experience downward pressure within a descending channel, suggesting that bearish sentiment still dominates the market. The price remains below both the 9-day and 21-day moving averages (MAs), reinforcing a short-term bearish outlook. The rejection near the upper boundary of the channel signals continued selling pressure, with traders closely watching for signs of a potential breakout.
Hedera Price Prediction: Can HBAR Reverse the Downtrend?
The HBAR/USD pair is currently trading near the lower boundary of its descending channel, reflecting ongoing consolidation with a slight bearish bias. The price is struggling to break above the 9-day MA, indicating that sellers are maintaining control. However, the 21-day MA remains a key resistance level that could determine the next direction. If HBAR fails to reclaim the 9-day MA and sustain bullish momentum, the next support zones to watch are $0.160, $0.140, and potentially $0.120. A break below these levels could accelerate the downtrend.
HBAR Coin Reversal? Huge Rally & Price Prediction
On the upside, a break above the 21-day MA could signal a reversal, with the next resistance levels at $0.260, $0.270, and $0.280. Traders should monitor trading volume closely, as a surge in buying activity near the support levels could indicate accumulation and a potential reversal. Conversely, continued low volume may suggest further price weakness in the short term.
HBAR/BTC Attempts Recovery Within a Descending Channel
The HBAR/BTC daily chart indicates that the market is currently trading within a descending channel, with the price attempting to establish a recovery. The recent movement suggests that the price is gaining momentum near the lower boundary of the channel, hovering around 225 SAT. The 9-day MA remains below the 21-day MA, signaling continued bearish pressure; however, a sustained move above the shorter MA could indicate an early trend reversal. If buying pressure increases, HBAR may attempt to test the resistance level at 285 SAT, and a breakout above this point could drive further upside movement toward the upper boundary of the channel.
On the other hand, if the bullish momentum weakens and HBAR fails to clear the 285 SAT resistance, the price could retrace back toward the lower support at 170 SAT. A break below this level could extend losses, potentially testing the key support zone near 200 SAT. Traders should monitor volume activity and moving average crossovers closely, as a bullish crossover between the 9-day and 21-day MAs could confirm a potential trend shift. For now, HBAR remains in a consolidation phase within the downtrend, awaiting a decisive move to dictate its next direction.
Nevertheless, @JavonTM1 shared with his 54k+ followers on (formerly Twitter) that $HBAR (Hedera) is targeting approximately $0.504. Following a strong price surge, the asset could be gearing up for a potential 144% rally, not only reaching but surpassing this level. If it breaks above, the next target could extend toward the $0.962 range.
https://x.com/JavonTM1/status/1904546653777924542
Alternatives to Hedera
HBAR/USD remains in a downtrend, trading within a descending channel as bearish sentiment persists. The price is struggling to break above key moving averages, indicating ongoing selling pressure. If the downward momentum continues, further declines toward lower support zones are likely. However, a breakout above resistance could signal a potential trend reversal, depending on market volume and buying activity. Nonetheless, the Best Wallet presale is coming to an end, with today and tomorrow being the final days for exclusive access before it opens to the public on November 25th. So far, the presale has raised over $11.3 million, highlighting strong investor interest. To participate, you’ll need to download the Best Wallet app, though you’re not required to use it beyond this. Once the public sale begins, demand is expected to surge, potentially driving up the token’s value. Additionally, Hedera (HBAR) can also be bought directly on the Best Wallet platform, making it a versatile and feature-rich option for crypto enthusiasts.
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