• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Is The HBAR Price Rally Over With A 23% Drop?
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Price Analysis > Is The HBAR Price Rally Over With A 23% Drop?
Price Analysis

Is The HBAR Price Rally Over With A 23% Drop?

vitalclick
Last updated: December 5, 2024 12:21 pm
3 months ago
Share
SHARE

Contents
Story HighlightsHBAR Price Records a Strong Bearish Reversal This Week!Will HBAR Price Go Up Again?FAQs

Story Highlights

  • The HBAR price rally comes to a halt with a strong bearish reversal this week.
  • Positively, the technical indicators SMA & MACD continue recording bullish sentiment, hinting at a potential reversal.
  • The HBAR altcoin is currently trading at a discount of 46.71% from its ATH of $0.5701.

Despite Bitcoin price achieving the $100k mark and major altcoins recording a massive price rally, the Hedera price has experienced a major setback after repeatedly failing to break out of its important resistance level above the $0.337 mark.

Is the dream run of Hedera over? Or will this altcoin make a strong bullish comeback and smash its multi-year high during the upcoming weeks? In this article, we have covered the short-term price analysis of the Hedera (HBAR) crypto token.

HBAR Price Records a Strong Bearish Reversal This Week!

The Hedera price has dropped ~7% in 24 hours with a trading volume of $3.419 billion. Moreover, it has dropped over 23% this week, highlighting an increase in the selling pressure. However, in the longer time frame, it has soared ~600%, hinting at a possible reversal this month.

TradingView: HBAR/USDT

The Moving Average Convergence Divergence (MACD) witnesses a decline in its green histogram. However, the averages show a massive uptrend in the daily time frame. This indicates a mixed price sentiment for the 18th largest crypto token in the market.

On the other hand, the SMA indicator has been supporting the Hedera price chart since the beginning of November. This highlights a long-term bullish price action for the altcoin.

Will HBAR Price Go Up Again?

If the bulls hold the Hedera price above its support level of $0.278, this could result in this altcoin retesting its resistance level of $0.337. Reportedly, if the bullish sentiment intensifies, this could push the price of it toward its 52-week high of ~$0.393 this month.

On the contrary, if the bears regain momentum, the HBAR coin price could breach its $0.278 level and plunge toward its low of $0.231 this December.

Are you one of many who are curious to find out the long-term price prospects of HBAR token? Read our Hedera Price Prediction to uncover the possibilities until 2030 and beyond.

FAQs

What is the HBAR prediction for 2025?

If the bulls regain momentum, this altcoin could reach a maximum price of $0.80 in 2025.

Can Hedera reach $5 dollars?

For this altcoin to achieve its price target, it will require of surge of 1,555.63% in valuation.

Is there a future for HBAR?

With increased adoption and bullish sentiment, the Hedera price can surpass the $1.5 mark with a yearly high of around the $1.70 mark.

You Might Also Like

AAVE Price Hits 28-Month High, Aims To Achieve $200?

With 87.2% Of Investors Under Loss, TON & NOT Tokens Warns Major Crash?

Cardano Poised for a Potential Rebound—But Will ADA Price Sustain Above $1.2 This Time?

Top Altcoins Which Could Be the Best Buy Before the Bullish Weekend

Solana (SOL) Price Forecasts New ATH with 35% Weekly Gains

TAGGED:Price Analysis
Share This Article
Facebook Twitter Email Print
Previous Article El Salvador’s Bitcoin Holdings Reach $600M as Bitcoin Hits $100K
Next Article Funding Alarm in the Cryptocurrency Market! Beware of the Risks Brought by the $100,000 Rise in Bitcoin!
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?