Bittime - Hedera (HBAR) priceis currently in a key range, where a rebound from the current level indicates a possible start of a new bullish action.
With this condition, the price of HBAR is expected to increase by 50% in the next few days and has the potential to reach a new all-time high (ATH) in 2025.
Hedera (HBAR) Price Latest Status
Since the beginning of the month, Hedera price has shown significant strength, keeping hopes for a bullish close alive.
Despite the decline in trading volume, the token is expected to maintain healthy consolidation and rise until the end of 2024.
Hedera Market Performance (HBAR)
Currently, Hedera price is trading around Rp4,243 ($0.26), with an increase of around 4.77% in the last 24 hours and a surge of 3.25% in the last seven days.
Market capitalization has increased, reaching over IDR192.5 trillion ($11.78 billion), while trading volume surpassed IDR23.1 trillion ($1.42 billion) with a surge of almost 71.33%.
Bullish sentiment for this token has increased to 84%, and the Fear-Greed Index has reached 80, indicating that traders are currently very optimistic.
Hedera Technical Analysis (HBAR)
HBAR price has reached a level that has not been tested since December 2021. The increase in bullish momentum indicates a major surge in buying volume, with buyers becoming more optimistic.
HBAR Predictions | TradingView/@Coincdx
Technical indicators are also showing bullish signals, indicating that the price will experience a major increase, similar to the price surge in 2021 which surpassed the ATH and attempted to reach the milestone of IDR 16,300 ($1).
Also read Hedera (HBAR) and These 4 Coins Have the Potential to Compete with Ripple (XRP)
Hedera (HBAR) Price Prediction
Hedera price has maintained healthy price action since the beginning of the year, and now, as the year draws to a close, volume and volatility are expected to increase.
Despite the potential for bearish intervention, it is expected to remain within a limited range which could help the price close the year on a bullish note.
Hedera Future Prospects (HBAR)
Recently, Hedera has integrated with Chainlink, which increases investor confidence in this token.
Additionally, speculation about a possible HBAR ETF coming before ETFs of other popular tokens like SOL or XRP could have a major impact on the price, maintaining a bullish outlook for the future.
The recent recovery in HBAR price has helped the token not only enter a bullish range but also trigger a breakout.
HBAR appears to have completed a retest and is attempting to validate a rebound from the resistance-turned-support level within the rising parallel channel chart pattern.
Also read: Here's Why AI is Launching on the Hedera Network: Is It the New Standard for AI Governance?
Hedera RSI and OBV Analysis (HBAR)
Although the RSI shows bearish divergence, the latest bullish divergence suggests that the price is expected to rebound from the newly formed support and reach higher resistance.
Additionally, the On-Balance Volume (OBV) also shows a similar deviation, indicating an increase in volume and suggesting that the trend is reversing in favor of the buyers.
Therefore, the HBAR price is expected to rebound and enter the resistance zone between Rp5,548 ($0.34) and Rp5,868 ($0.36).
If buyers manage to rise above that level, then a rise above Rp7,335 ($0.45) could occur soon.
Also read How to Buy Hedera (HBAR)
HBAR Price Prediction for December 2024
After rebounding from the low in November and reversing a prolonged downtrend, HBAR price has printed a significant bullish candle since the beginning of the month.
After reaching a yearly peak of Rp6,351 ($0.39), the price experienced a slight sell-off that pulled the price level slightly lower.
HBAR's Bullish Dominance Still Needs Monitoring
However, bullish dominance is still visible, which could help the price maintain a healthy uptrend until the end of the year.
Bearish Still Lurking HBAR
Meanwhile, bearish reactions may try hard to intervene, but the increasing optimism in the crypto space is expected to trigger a rebound and close the yearly trade between Rp7,335 ($0.45) and Rp7,824 ($0.48).
HBAR Price Prediction for 2025
By 2025, Hedera price is expected to surge in the range of IDR 24,495 ($1.5) to IDR 34,230 ($2.1), marking a significant uptrend from previous levels.
Technical indicators show bullish momentum supported by increasing trading volume and positive market sentiment.
Traders can capitalize on breakout opportunities above key resistance levels, strategically positioning themselves to take profits.
External Factors Affecting HBAR Prices
External factors, such as market developments and adoption trends, could further strengthen Hedera's price trajectory, pushing it towards higher levels.
Traders should remain alert to signs of market volatility and adjust their strategies to maximize returns.
Recent HBAR Price Movements
HBAR price has followed the previous analysis, reacting appropriately to the identified supply and demand zones.
Although the current structure suggests further downside potential, the liquidity above could trigger a short-term rally.
HBAR Liquidation Zone, Why is Liquidity Important?
Understanding liquidity zones is key to predicting market behavior—don't get caught up in becoming liquidity yourself!
In the final analysis, the projections for Hedera (HBAR), and the price have moved as expected.
Breaking Down Hedera (HBAR) Recent Price Movements
- Reaction to Supply Zones : Initially, price reacted to the first identified supply zone. However, momentum was not strong enough to reverse the trend, and HBAR continued to rise, creating liquidity until it reached the second supply zone.
- Liquidity Search : From the second supply zone, price falls sharply, targeting the demand zone below and sweeping away previously untouched liquidity.
- Back to Supply : After reaching the demand zone, the price went back up, much in line with analysts' predictions.
What's Next for HBAR ?
The current HBAR market structure remains bearish, and theoretically, the price should continue its downtrend.
However, there is significant liquidity above that may prevent price from respecting the supply zone.
In this case, HBAR could experience a short-term bullish move, potentially targeting a higher supply zone above the liquidity cluster.
Conclusion
Although the scenarios outlined are based on technical analysis, the market remains unpredictable.
FAQ
1. What is Hedera (HBAR)?
Hedera (HBAR) is a blockchain platform designed to provide high speed, security, and scalability. HBAR is the native token of the Hedera network used to pay transaction fees and as a means of securing the network.
2. How is the current price performance of HBAR?
Currently, the HBAR price is trading around Rp4,243 ($0.26) with an increase of around 4.77% in the last 24 hours.
Hedera's market capitalization has reached over IDR192.5 trillion ($11.78 billion), showing significant growth.
3. What affects the price of HBAR?
The price of HBAR is influenced by a variety of factors, including market sentiment, trading volume, integration with other projects such as Chainlink, and regulatory developments in the cryptocurrency industry.
In addition, technical analysis also plays an important role in predicting price movements.
4. What is the HBAR price prediction for the end of 2024?
The HBAR price prediction for the end of 2024 suggests that the price could close the year trading between Rp7,335 ($0.45) and Rp7,824 ($0.48), depending on market dynamics and possible bearish interventions.
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Reference
GateUser-c60c71a0, HBAR Price Prediction: Is a Big Move Around the Corner?, Diakses 20 Desember 2024
coindcx.com, Hedera Price Prediction: Can HBAR Price Reach $1 Before 2025?, Diakses 20 Desember 2024
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