Bittime - Technical analysis of the 2025 $HBAR price shows significant upside potential with a prediction of the $HBAR price reaching $1 before 2025. How is the current $HBAR price moving? Keep reading this article, okay?
Hedera ($HBAR) emerged as one of the assets that attracted attention. This, after recording a significant price jump in 2023, many are wondering: Will the price of $HBAR continue to accelerate to higher numbers in 2025 or will it fall back into a downtrend?
With various positive sentiments surrounding this crypto, especially regarding the potential issuance of the $HBAR ETF, traders and investors are currently monitoring price movements to determine its next direction.
At the time this article was written, the price of $HBAR was around $0.30 (around IDR 4,800). Despite experiencing a correction after a sharp increase some time ago, technical analysts indicate the potential for a bigger bullrun in 2025.
In this analysis, we will discuss various factors that influence the current price of $HBAR and predictions for 2025.
Current $HBAR Price Movement and Future Outlook
The $HBAR price is currently in a consolidation phase after experiencing a rapid increase throughout 2024. At the beginning of this month, the $HBAR price soared to $0.39 (around IDR 6,300) before experiencing a decline, with the resistance level tested at around $0.374 (around Rp. 6,060).
In recent weeks, $HBAR showed signs of recovery, despite quite strong selling pressure.
Read also: Does Hedera (HBAR) Have a Future in the RWA Sector?
Current $HBAR Technicals
Source: CCN
Looking at the $HBAR price movement chart, technical indicators show the potential for a rebound even though the price is currently facing several challenges. The RSI (Relative Strength Index) shows a bullish divergence, which indicates that the price is likely to move up after this correction.
Meanwhile, the MACD indicator also shows a positive signal with the MACD line getting further away from the signal line, strengthening predictions that the bullish trend may continue soon.
However, the price of $HBAR is also not free from the threat of further correction. Some analysts predict the price could drop lower to reach the $0.219 level (around IDR 3,550) as part of the A-B-C correction pattern that is currently forming.
If this level holds as support, then $HBAR price has the potential to continue rising towards the next resistance level at $0.374 and higher.
$HBAR Price Prediction for 2025: Can it Touch $1?
Looking further ahead, the $HBAR price prediction for 2025 shows quite significant upside potential. Some analysts are optimistic that the price of $HBAR could reach between $1.5 to $2.1 (around IDR 24,300 - IDR 34,000) by 2025. This is driven by several key factors:
1. Positive Sentiments towards Hedera
Hedera has attracted market attention with its technological innovations, including integration with Chainlink which increases investor confidence. Apart from that, there is also speculation regarding the issuance of a Hedera ETF which could push prices even higher.
2. Increase in Volume and Market Sentiment
The steadily increasing trading volume indicates strong interest from investors. Currently, $HBAR price is trading with greater volume than before, and the bullish market sentiment is strengthening. This provides an indication that continued price increases are likely in the near future.
3. Rising Crypto Adoption
Hedera continues to expand its footprint in the blockchain world and continues to receive support from various major parties. The increasing adoption factor, both in the corporate sector and in the financial world, will further strengthen Hedera's position in the market.
Read also: $HBAR Trading Strategy for 2025, Read More!
Challenges Facing $HBAR
Although there are many positive factors, the journey to $1 (around Rp. 16,200) is not easy. Hedera had to overcome several big challenges, such as:
1. Competition with Other Cryptos: Hedera has to compete with other large crypto assets such as Bitcoin (BTC) and Ethereum (ETH), which are already well known in the market. This competition could stifle its growth potential.
2. Regulatory Uncertainty: The legal status of various cryptocurrencies on the market, including $HBAR, is still not completely clear. While Hedera is not currently considered a security by the SEC, regulatory uncertainty could be a stumbling block that hinders its growth.
Read also: How to Create a Hedera Account (HBAR) with Ledger Wallet
Is $HBAR Ready for a Bullrun?
Technical analysis and market sentiment indicate that $HBAR has great potential to reach a higher price, even up to $1 (around IDR 16,000) in the next few years. Even though the $HBAR price is currently facing a correction, bullish signs are starting to appear, especially with ETF support and increasing trading volume.
For investors who wish to participate in this potential growth, it is important to monitor further developments and adjust trading strategies based on price movements and emerging news. With predictions of significant upside towards 2025, $HBAR remains one of the crypto assets to watch in the coming years.
FAQs About Hedera (HBAR)
What is Hedera (HBAR)?
Hedera is a platform that uses unique “hashgraph” technology to support DApps. Hedera's native token, HBAR, is used to pay for transactions on the network and maintain security through a staking mechanism.
What are the advantages of Hedera (HBAR) compared to other blockchains?
Hedera offers high transaction speeds, low fees, and much better energy efficiency than other blockchains. Hedera also has strong governance through a global member board that includes major companies such as Google and IBM.
How to Buy Hedera (HBAR)?
Hedera (HBAR) can be purchased via various exchange platforms such as Bittime, just by visiting the trade page on the official Bittime website.
How to Buy Crypto on Bittime
Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.
Reference
CCN, Hedera (HBAR) Price Strong During Correction but Downtrend May Not Be Done, accessed December 19, 2024.
Coindcx, Hedera Price Prediction: Can HBAR Price Reach $1 Before 2025?, accessed December 19, 2024.
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