Latest Hedera (HBAR) Price Prediction: Could Rise to $0.39 Level?!

Bittime - Hedera (HBAR) price has seen steady gains over the past week. 

With the price continuing to rise, can HBAR reach the $0.39 level? Read this article to find out the latest Hedera (HBAR) price predictions!

Latest Hedera (HBAR) Price Prediction: Social Dominance

Source: Santiment

Before knowing the latest Hedera (HBAR) price prediction, let's take a look at HBAR's social dominance. Data from Santiment shows that Hedera's social dominance has increased significantly over the past week. 

This social dominance measures the percentage of conversations related to the top 100 crypto assets by market capitalization. Currently, HBAR's social dominance is at 1.64%, up 39% since January 1.

This increase represents a spike in social media activity related to HBAR, which often attracts the attention of new investors. Increased buzz on social media is likely to encourage more people to buy the asset.

Read Also: Recap Hedera Hashgraph (HBAR) Q1-Q4 2024

Latest Hedera (HBAR) Price Prediction: Open Interest  

Apart from social dominance, the spike in open interest also supports the upward trend in HBAR prices. HBAR open interest currently stands at $173 million, up 38% in the last 5 days.  

An increase in open interest during a price rally indicates that more new positions are being opened. This shows increasing investor confidence and participation in the HBAR price rally. 

With market interest continuing to grow, the Hedera (HBAR) price prediction has the potential to continue its rise to higher levels.

Latest Hedera (HBAR) Price Prediction: Resistance Level

Technically, HBAR is currently facing major resistance at the $0.33 level. If buying pressure continues to increase, HBAR has a chance to break this level and reach the monthly high of $0.39.

However, if selling pressure increases, Hedera (HBAR) price prediction may reverse towards the support level at $0.26. If this support does not hold, the price could fall further to $0.24.  

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

Bein Crypto, Hedera (HBAR) Eyes $0.39 Monthly High Amid Social Mentions Surge, accessed January 8, 2025.

Saintly, Santiment HBAR Charts, accessed January 8, 2025.

Author: IPR