Key Takeaways
- Hedera Current Status: Hedera price has been manifesting acute strength since the start of the month, which has kept the hopes for the bullish close alive. However, the trading volume has witnessed a drop but eventually, the token is expected to maintain a healthy ascending consolidation for the rest of 2024.
- Market Performance: The Hedera price is trading around with a notable rise of around 4.77% in the past 24 hours and a 3.25% jump in the past seven days. The market capitalization has increased by a similar range, reaching over $11.78 billion, while the trading volume surpassed $1.42 billion with a jump of nearly 71.33%. The bullish sentiments for tokens have surged to 84%, while the Fear-Greed Index has reached 80, indicating that traders are extremely greedy at the moment.
- Technical Analysis: The HBAR price has reached the levels not tested since December 2021. Hence, the rise in bullish momentum suggests a massive influx of buying volume as the bulls have turned optimistic. Besides, the technical indicators have turned bullish, which suggests the price is about to experience a huge rise in its value, mirroring a 2021-like bull run surpassing the ATH and trying to reach the $1 milestone.
- HBAR Price Prediction: Hedera price has been maintaining a healthy price action since the start of the year and now that the token has reached the final few days of the year, the volume & volatility are expected to rise. However, the bearish interference is expected to remain within a restrictive range that may help the price to close the yearly trade on a bullish note.
- Future Outlook: Recently, Hedera has integrated with Chainlink, which has raised the investors’ confidence in the token. Moreover, the speculations over the HBAR ETF much before the ETFs of popular ones like SOL or XRP may have a larger impact on its price, keeping the bullish future outlook.
Where will Hedera Price Head Next?
- The latest recovery in the HBAR prices has helped the token not only enter the bullish range but also triggered a breakout.
- Moreover, HBAR price appears to be completed with its retest as the price is trying to validate a rebound from the resistance-turned-support of the rising parallel channel chart pattern.
- The RSI had triggered a bearish divergence, but the latest bullish divergence suggests the price is expected to rebound from the newly formed support and achieve higher resistance.
- Besides, the OBV has also displayed a similar deviation, suggesting a rise in the volume and eventually suggesting the trend is flipping in favor of bulls.
- Therefore, the HBAR price is believed to rebound and enter the resistance zone between $0.34 and $0.36. Once the bulls managed to rise above the levels, then a rise above $0.45 could be imminent.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.077 / $0.042 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.188 / $0.222 / $0.277
|
|
50-day EMA |
$0.198
|
|
200-day EMA |
$0.111 |
|
RSI level |
91.95
|
|
MACD level (Signal Line) |
0.36 |
Hedera Price Prediction December 2024
After rebounding from the November lows and reversing the prolonged downward trend, the HBAR price has printed massive bullish candles since the start of the month. After reaching the yearly highs at $0.39, the price faces some sell-offs which have dragged the levels slightly lower. However, the bulls continue to have a major dominance over the rally that may help the price maintain a healthy ascending trend until the end of the year. Meanwhile, the bears may try hard to intervene but the rising optimism over the crypto space is expected to revive a rebound and close the yearly trade between $0.45 and $0.48.
Hedera Price Prediction 2025
In 2025, Hedera price is anticipated to surge within the range of $1.5 to $2.1, marking a significant uptrend from previous levels. Technical indicators suggest bullish momentum supported by increasing trading volumes and positive market sentiment. Traders could capitalize on potential breakout opportunities above key resistance levels, strategically positioning themselves for profit-taking. External factors, such as market developments and adoption trends, may further bolster Hedera price trajectory, driving it towards higher levels. Traders should remain vigilant for any signs of market volatility and adjust their strategies accordingly to maximize returns.
By 2026, Hedera price is forecasted to soar within the range of $4 to $5.5, signaling a substantial uptrend fueled by robust market fundamentals. Technical analysis suggests strong bullish momentum, with potential breakout scenarios above key resistance levels. Traders may strategically enter the market to capitalize on upward price movements, optimizing their trading strategies for maximum profitability. External factors, such as market sentiment and adoption trends, could significantly influence Hedera price trajectory during this period. Traders should remain adaptable and responsive to evolving market conditions, ensuring they align their positions with emerging trends for optimal performance.
In 2027, Hedera price is anticipated to trade within the range of $7 to $10, indicating continued bullish momentum. Technical analysis suggests a sustained uptrend supported by robust market fundamentals and increasing investor interest. Traders may explore strategic entry points above key resistance levels, aiming to capitalize on upward price movements. External factors, such as market developments and regulatory trends, could significantly influence Hedera price trajectory during this period. Traders should remain vigilant and adaptable to evolving market conditions, adjusting their strategies accordingly to optimize returns amidst the bullish market sentiment.
By 2028, Hedera price is poised to surge within the range of $5 to $6, marking a significant uptrend driven by strong market fundamentals. Technical indicators suggest bullish momentum, with potential breakout scenarios above critical resistance levels. Traders may strategically position themselves to capitalize on upward price movements, optimizing their trading strategies for maximum profitability. External factors, such as market sentiment and adoption trends, may further fuel Hedera price trajectory, driving it towards higher levels. To capitalize on this momentum effectively, traders should remain agile and responsive, aligning their positions with emerging trends to achieve optimal performance.
In 2029, Hedera price is forecasted to soar within the range of $11 to $14, signaling a monumental milestone in its price trajectory. Technical indicators suggest a strong bullish trend supported by robust market fundamentals and increasing adoption. Traders may strategically position themselves to capitalize on upward price movements, optimizing their trading strategies for maximum profitability. As external factors, including macroeconomic trends and regulatory developments, continue to shape the market landscape, traders should remain adaptable and responsive. By staying informed and adjusting their strategies accordingly, traders can navigate the evolving market dynamics and maximize their returns effectively.
By 2030, Hedera price is anticipated to reach new heights within the range of $17 to $20, marking a significant milestone in its price trajectory. Technical analysis suggests a robust bullish trend, supported by strong market fundamentals and growing adoption. Traders may strategically position themselves to capitalize on upward price movements, optimizing their trading strategies for maximum profitability. External factors, such as regulatory developments and market sentiment, are expected to play a pivotal role in shaping Hedera price trajectory during this period. To navigate the evolving market landscape effectively, traders should remain adaptable and responsive, aligning their strategies with emerging trends to achieve optimal performance.
Will the Hedera Price Rise Again in 2024?
The Hedera price has been rising since the start of the year, and the recent breakout from the November lows has induced fresh bullish momentum. Since then, the price has risen with great intensity and volume. Now that the HBAR price is approaching the last few weeks of the year, the bulls are expected to revamp a strong rise and remain elevated until the end.
