Want to Buy HBAR? Here’s HBAR Price Prediction Today!
2024-12-30
Bittime - Hedera Hashgraph (HBAR) is one of the altcoins that has recently attracted quite a lot of attention.
However, currently the HBAR price appears to be in a consolidation phase, so it is stagnant without any significant movement. So, is this the right time to buy HBAR? Check out today's HBAR price prediction!
HBAR Price prediction: Consolidation Phase
Since the last month, HBAR price has been in a consolidation phase range between $0.25 to $0.40. Currently, HBAR is trading around $0.28 with no signs of a breakout anytime soon.
HBAR price prediction, fThis consolidation is expected to last until 2025 if there is no significant push from the market. This condition shows that this altcoin needs a strong bullish signal to push the price up.
Read Also: Hedera (HBAR) Price Analysis in Early December
HBAR Price Prediction: Capital Flow
Chaikin Money Flow (CMF) indicator noted a decline in capital inflows into HBAR, with outflows now dominating. This means that more investors are withdrawing their funds from HBAR due to uncertainty about price movements.
This outflow reflects the caution of market players, which could ultimately hinder potential price increases in the near future.
Without significant inflow, the HBAR price prediction for a breakout is getting smaller, so it will most likely continue to be in the current price range.
Read Also: HBAR Price Prediction for the End of 2024: Can it Break $0.5?
HBAR Price Prediction: Bearish Momentum
From the technical side, indicators Relative Strength Index (RSI) indicating an increase in bearish pressure on HBAR.
The RSI is currently moving down, but is still above the neutral line of 50. This means, although bearish pressure is increasing, complete bearish control of the price has not yet occurred.
This condition provides room for HBAR to try to rise again, as long as it is supported by a large enough buying volume.
However, if bearish pressure continues to increase, the HBAR price prediction could be in danger of dropping to the critical support level of $0.25.
Read Also: Recap Hedera Hashgraph (HBAR) Q1-Q4 2024
HBAR Price Prediction Today
For now, the HBAR price prediction is to continue moving in a consolidation range. If investors start selling to secure profits, the price of HBAR could fall below $0.25.
If this level is broken, the price may fall further to $0.18, which will certainly further worsen market sentiment.
However, if there is strong enough positive sentiment or encouragement from the market, HBAR still has a chance to strengthen again. Even so, a breakout above $0.40 is unlikely to occur until 2025, according to current technical predictions.
Read Also: Hedera Price Prediction (HBAR) 2025 and Long Term
Hedera (HBAR) FAQs
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 with 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.
Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.
Reference
Aaryamann Shrivastava, HBAR Price Breakout Above $0.40 Has Been Pushed to 2025, accessible on December 30, 2024.
Author: IPR
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
