HBAR Price Prediction Today December 23, 2024
2024-12-23
Bittime - Recently, Hedera Hashgraph (HBAR) has stable performance and promising prospects.
Many analysts believe that the price of HBAR has the potential to experience a major spike in the near future. Read this article to find out today's HBAR price prediction.
HBAR Price prediction: Price Chart Analysis
Source: Captain Altcoin
HHBAR price is currently in a fairly stable range, with a strong support level between $0.280 to $0.300. This zone has proven capable of preventing further price declines, indicating high buying interest at this level.
One bullish indicator is a breakout of the descending trend line which previously pressured HBAR prices. This breakout indicates a potential shift to bullish momentum.
The next resistance level is at $0.400. If HBAR price manages to break through this level, the prediction is that HBAR price will jump to $0.450 or more, with a potential increase of around 37.28%.
Read Also: Hedera (HBAR) Price Analysis in Early December
HBAR Price Prediction: Support and Resistance Levels
Technically, indicators show that bullish momentum for HBAR is building. A break of the descending trend line indicates that the pressure from the sellers is starting to weaken.
With a strong support level between $0.280 to $0.300, HBAR price prediction is not likely to fall below this level anytime soon.
The key resistance level to watch is $0.400. If the price manages to break this level, then the path to reach $0.450 or even higher will be wide open.
Read Also: 3 Ways to Connect Hedera to MetaMask Wallet
HBAR Price Prediction by the End of 2024
In the last 30 days, HBAR price recorded 16 out of 30 days in the green and price volatility was 27.17%. Based on this data, now is considered a good time to buy HBAR.
Over the next 5 days, the year-end HBAR price prediction is predicted to reach a high of $0.302278 on December 28, 2024, which means growth of 11.98% compared to the current price.
By the end of 2024, HBAR is expected to trade in a range of $0.261398 to $0.3205, with an average annual price of $0.286991. This has the potential to provide an ROI of 18.72% compared to current prices.
Read Also: HBAR Price Prediction End of 2024: Can it Break $0.5?
HBAR Price Prediction in 2025
In 2025, the HBAR price prediction will trade in the range of $0.289454 to $0.858231, with an average price of $0.536887.
August 2025 is predicted to be the most bullish month, namely the price of HBAR could increase by up to 217.92% compared to the current price.
With this growth potential, HBAR is an attractive asset to invest in for the long term.
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.
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Reference
Boluwatife Afe, Here’s Why Hedera (HBAR) Price Is Poised for an Explosive Move Soon—Analysts, accessed December 23, 2024.
Coincodex, Hedera Hashgraph (HBAR) Price Prediction 2024, 2025–2030, accessed December 23, 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.
