{"id":606248,"date":"2024-12-02T12:05:29","date_gmt":"2024-12-02T12:05:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=606248"},"modified":"2024-12-02T12:05:29","modified_gmt":"2024-12-02T12:05:29","slug":"hedera-price-prediction-for-today-december-2-hbar-technical-analysis","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-for-today-december-2-hbar-technical-analysis","title":{"rendered":"Hedera Price Prediction for Today, December 2 \u2013 HBAR Technical Analysis"},"content":{"rendered":"<p>HBAR, the native token of the Hedera network, is on a hot streak, surging over 400% in the past month. As the bullish momentum continues, analysts are closely watching key resistance and support levels. With growing institutional interest, recent partnerships, and a promising future ahead, HBAR could be poised to break new highs.<\/p>\n<h2><strong>HBAR Key Statistics <\/strong><\/h2>\n<ul>\n<li><strong>Current Price<\/strong>: $0.24<\/li>\n<li><strong>Market Cap<\/strong>: $9.16 billion<\/li>\n<li><strong>Trading Volume (24h)<\/strong>: $3.55 billion<\/li>\n<li><strong>Circulating Supply<\/strong>: 38 billion HBAR<\/li>\n<li><strong>Total Supply<\/strong>: 50 billion HBAR<\/li>\n<li><strong>CoinMarketCap Ranking<\/strong>: #19<\/li>\n<\/ul>\n<p><a href=\"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-for-today-november-19-hbar-technical-analysis\">HBAR has experienced an impressive surge, gaining 426% over the past month.<\/a> This remarkable rally has continued into the week, with the token rising by 63%. The recent performance positions it as one of the standout assets in the market.<\/p>\n<h2><strong>HBAR\/USD Market <\/strong><\/h2>\n<p><strong>Key Levels <\/strong><\/p>\n<ul>\n<li><strong><em>Resistance: <\/em><\/strong><em>$0.25, $0.30, $0.35<\/em><\/li>\n<li><strong><em>Support: <\/em><\/strong><em>$0.20, $0.17, $0.14<\/em><\/li>\n<\/ul>\n<figure id=\"attachment_606267\" aria-describedby=\"caption-attachment-606267\" style=\"width: 980px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-606267 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARUSD_2024-12-02_10-40-01.png\" alt=\"Hedera Price Prediction for Today, December 2 &ndash; HBAR Technical Analysis\" width=\"980\" height=\"549\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARUSD_2024-12-02_10-40-01.png 980w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARUSD_2024-12-02_10-40-01-300x168.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARUSD_2024-12-02_10-40-01-768x430.png 768w\" sizes=\"(max-width: 980px) 100vw, 980px\"><figcaption id=\"caption-attachment-606267\" class=\"wp-caption-text\">HBARUSD &ndash; Daily Chart<\/figcaption><\/figure>\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/hedera\/\">The HBAR\/USD daily chart indicates a sharp bullish trend, supported by a significant upward movement<\/a> since mid-November. The MACD indicator shows a widening bullish crossover, reflecting increased buying momentum. The Zig Zag pattern highlights key price reversals, showing a consistent pattern of higher highs and higher lows. Immediate resistance is observed at $0.259, followed by $0.30 and $0.35. If the bullish momentum continues, HBAR could retest these levels or potentially target the $1 mark, fueled by market demand and overall crypto sentiment.<\/p>\n<p>On the downside, support levels are noted at $0.20, $0.17, and $0.14. A retracement to these levels may occur if selling pressure intensifies or external market factors influence the price negatively. Traders should watch for a potential MACD divergence as a signal for trend exhaustion. If the price consolidates above $0.20, it could create a base for a renewed uptrend. Conversely, a break below $0.17 may prompt further declines towards the $0.14 support level.<\/p>\n<h2><strong>Will HBAR Break the $1 Barrier Soon?<\/strong><\/h2>\n<p>NoviqTech&rsquo;s recent acquisition of 490,622 HBAR tokens, valued at $150,000, demonstrates growing institutional interest in Hedera&rsquo;s distributed ledger technology (DLT). With this purchase, NoviqTech&rsquo;s HBAR holdings now exceed 1.5 million tokens, signaling confidence in Hedera&rsquo;s potential to drive innovation.<\/p>\n<p><strong>Will Hedera Outperform XRP?<\/strong><\/p>\n<p><iframe title=\"Will Hedera Hashgraph HBAR Outperfom XRP??? HBAR's Price To $1.00 And Market Cap To $50 Billion.....\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/HdXGSZy4yjs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The Increasing adoption of Hedera&rsquo;s network for real-time auditing and traceability across industries could act as a catalyst for HBAR&rsquo;s price growth. If the current momentum continues and partnerships expand, HBAR may be well on its way to breaking the $1 barrier. Positive market sentiment, combined with Hedera&rsquo;s innovative capabilities, creates a favorable environment for sustained price gains in the near future.<\/p>\n<h2><strong>HBAR\/BTC Performance Insight <\/strong><\/h2>\n<p>Like the HBARUSD, the HBAR\/BTC chart also reveals a significant bullish breakout, propelled by heightened buying interest and robust momentum. The Zig Zag pattern underscores a series of higher highs and lows, signaling a clear uptrend. The MACD indicator further confirms this bullish momentum, with widening histograms and a positive crossover. Key resistance is currently at 0.00000268, the recent peak. On the downside, support levels are observed at 0.00000210 and 0.00000150, providing potential entry points in case of a pullback. Continued strength above resistance could push prices to new highs, while support holds the potential to stabilize any retracement.<\/p>\n<figure id=\"attachment_606268\" aria-describedby=\"caption-attachment-606268\" style=\"width: 980px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-606268 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARBTC_2024-12-02_10-41-11.png\" alt=\"Hedera Price Prediction for Today, December 2 &ndash; HBAR Technical Analysis\" width=\"980\" height=\"549\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARBTC_2024-12-02_10-41-11.png 980w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARBTC_2024-12-02_10-41-11-300x168.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/HBARBTC_2024-12-02_10-41-11-768x430.png 768w\" sizes=\"(max-width: 980px) 100vw, 980px\"><figcaption id=\"caption-attachment-606268\" class=\"wp-caption-text\">HBARBTC &ndash; Daily Chart<\/figcaption><\/figure>\n<p>In a recent post, @Shawn, a well-known X user referred to $HBAR as the &ldquo;United Nations of the Internet,&rdquo; raising speculation about its future. The post suggests that $HBAR may soon take on a much broader role, potentially overseeing more than just the Hedera network. This bold statement hints at the cryptocurrency&rsquo;s growing influence and its potential to shape the future of digital infrastructure on a global scale.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;BREAKING: <a href=\"https:\/\/twitter.com\/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HBAR<\/a> has become the United Nations of the Internet and might soon be in charge of much more than just the Hedera network <a href=\"https:\/\/t.co\/c1WcqfoGEu\">pic.twitter.com\/c1WcqfoGEu<\/a><\/p>\n<p>&mdash; Shawn (@oroogle) <a href=\"https:\/\/twitter.com\/oroogle\/status\/1863137625327960573?ref_src=twsrc%5Etfw\">December 1, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Alternatives to HBAR<\/strong><\/h2>\n<p>Hedera&rsquo;s groundbreaking innovations, strategic partnerships, and top 20 crypto ranking have solidified HBAR&rsquo;s presence within the community. As the cryptocurrency landscape continues to evolve, pioneering projects such as Pepe Unchained ($PEPU) are emerging, poised to revolutionize the memecoin space. <a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\">A highly successful presale, yielding over $64.2 million, has positioned $PEPU for success<\/a> in capitalizing on the burgeoning popularity of memecoins while offering a distinctive value proposition.<\/p>\n<p>By harnessing the power of Ethereum&rsquo;s Layer 2 scaling solutions, $PEPU seeks to address the network&rsquo;s scalability challenges, facilitating accelerated transaction processing, reduced fees, and enhanced security. This innovative approach has created a more efficient and user-friendly platform for memecoin enthusiasts.<\/p>\n<p><strong>Pepe Unchained Is Considered The Best Pre-sale Memecoin<\/strong><\/p>\n<p><iframe title=\"Pepe Unchained Is Considered The Best Meme Coin To Buy Now With 10x - 100X Potential!?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/YWKenuZaOiw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Furthermore, <a href=\"https:\/\/youtu.be\/YWKenuZaOiw?si=_BovYDmQpI4tNhB1\">Pepe Unchained&rsquo;s developer grant program is cultivating a vibrant community of developers<\/a>, encouraging the development of cutting-edge applications and tools that enrich the $PEPU ecosystem. Consequently, Pepe Unchained is well-positioned to become a leading player in the memecoin market, offering a compelling blend of entertainment, community engagement, and technological innovation.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\">Visit Pepe Unchained<\/a>.<\/p>\n<h2>Related News<\/h2>\n<ul>\n<li class=\"entry-title\"><a href=\"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-hbar-soars-38-as-trump-nominates-brian-brooks-for-sec-chair-and-analysts-say-consider-buying-this-new-ico-with-885-apy\">Hedera Price Prediction: HBAR Soars 38% As Trump Nominates Brian Brooks For SEC Chair And Analysts Say Consider This New Meme Coin For Parabolic Gains<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/insidebitcoins.com\/news\/department-of-government-efficiency-price-prediction-doge-soars-38-as-pepe-unchained-presale-blasts-past-60m-next-coinbase-listing\">Department Of Government Efficiency Price Prediction: DOGE Soars 38% As Pepe Unchained Presale Blasts Past $60M &ndash; 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As the bullish momentum continues, <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/pepe-unchained\" title=\"Pepe Unchained\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":535511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[15007,12997,10957,14975,14976],"class_list":["post-606248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-hbarbtc","tag-hbarusd","tag-hedera","tag-pepe-unchained","tag-pepu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hedera Price Prediction for Today, December 2 \u2013 InsideBitcoins<\/title>\n<meta name=\"description\" content=\"HBAR, the native token of 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