{"id":611105,"date":"2024-12-18T08:09:36","date_gmt":"2024-12-18T08:09:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=611105"},"modified":"2024-12-18T08:09:36","modified_gmt":"2024-12-18T08:09:36","slug":"hedera-price-prediction-hbar-pumps-4-but-investors-rush-to-buy-this-crypto-wallet-token-with-506-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-hbar-pumps-4-but-investors-rush-to-buy-this-crypto-wallet-token-with-506-staking-apy","title":{"rendered":"Hedera Price Prediction: HBAR Pumps 4%, But Investors Rush To Buy This Crypto Wallet Token With 506% Staking APY"},"content":{"rendered":"

The Hedera price pumped 4% in the last 24 hours to trade at $0.2903 as of 11:16 p.m. EST on trading volume that skyrocketed 79% to $1.4 billion.<\/span><\/p>\n

Hedera Price Gearing Up Towards A Bullish Trend Reversal<\/h2>\n

The price of Hedera<\/span><\/a> surged dramatically through a parabolic curve, reaching a peak near $0.375, followed by a retracement and narrowing price action. Two converging yellow trendlines mark the falling wedge pattern, with lower highs and higher lows, indicating consolidation. <\/span><\/p>\n

The HBAR price is now hovering around $0.291 and testing the upper boundary of the wedge, suggesting that a breakout may be imminent, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The 50-day Simple Moving Average (SMA) (white line) is currently at $0.2918, closely tracking the current price. A breakout above this level would confirm bullish momentum. However, the 200-day SMA (yellow line) at $0.2157 is far below the price, serving as a strong long-term support level. <\/span><\/p>\n

The wide gap between the two moving averages confirms the overall bullish trend on the higher timeframe.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 50.56, indicating a neutral zone where neither buyers nor sellers dominate. The RSI has remained stable near the midline during the consolidation phase, reflecting a lack of strong momentum. A breakout above 55–60 on the RSI would signal increasing bullish strength.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), but the histogram bars are minimal, indicating weak momentum and indecision. A bullish crossover has occurred, though it is subtle. If volume picks up, this could provide additional confirmation of an upward breakout.<\/span><\/p>\n

\"Hedera
HBARUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

HBAR Price Prediction<\/h2>\n

The general HBAR\/USD analysis on the 4-hour timeframe shows that the Hedera price may be gearing up towards a bullish reversal pattern over the falling wedge pattern. If the bulls push the price above the upper boundary and breach the 50-day SMA, HBAR price could soar even higher as they target the next possible resistance at $0.40. <\/span><\/p>\n

However, if the HBAR price fails to hold the support at $0.28, bearish momentum may take over, driving the price down to the next key support near the 200-day SMA ($0.215).<\/span><\/p>\n

Meanwhile, investors are also piling into the presale of <\/span>Best Wallet ($BEST)<\/span><\/a>, which has already raised more than $4.8 million. <\/span><\/p>\n

ClayBro, a popular crypto analyst on YouTube with over 132K subscribers, says it ”Could Be The Best Crypto Wallet Of 2025.” <\/span><\/p>\n