Hedera Hashgraph (HBAR) Price Prediction 2023, 2024, 2025–2030 | CoinCodex (2024)

According to our current Hedera Hashgraph price prediction, the price of Hedera Hashgraph is predicted to drop by -8.10% and reach $ 0.081617 by December 27, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 74 (Greed). Hedera Hashgraph recorded 20/30 (67%) green days with 12.67% price volatility over the last 30 days. Based on our Hedera Hashgraph forecast, it's now a good time to buy Hedera Hashgraph.

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Based on the historical price movements of Hedera Hashgraph and the BTC halving cycles, the yearly low Hedera Hashgraph price prediction for 2024 is estimated at $ 0.068952. Meanwhile, the price of Hedera Hashgraph is predicted to reach as high as $ 0.107029 next year. Using the same basis, here is the Hedera Hashgraph price prediction for each year up until 2030.

Hedera Hashgraph price prediction 2025

The Hedera Hashgraph price prediction for 2025 is currently between $ 0.099849 on the lower end and $ 0.306369 on the high end. Compared to today’s price, Hedera Hashgraph could gain 236.85% by 2025 if HBAR reaches the upper price target.

Hedera Hashgraph price prediction 2030

The Hedera Hashgraph price prediction for 2030 is currently between $ 0.056378 on the lower end and $ 0.398419 on the high end. Compared to today’s price, Hedera Hashgraph could gain 338.06% by 2030 if it reaches the upper price target.

Hedera Hashgraph's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Hedera Hashgraph's 200-day SMA will rise in the next month and will hit $ 0.059382 by Jan 21, 2024. Hedera Hashgraph's short-term 50-Day SMA is estimated to hit $ 0.076595 by Jan 21, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 76.61, which indicates that the HBAR market is in a overbought position. The RSI indicator suggests that the price of HBAR will increase.

Popular HBAR Moving Averages and Oscillators for Fri, Dec 22, 2023

Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Hedera Hashgraph Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Hedera Hashgraph Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.089839, Hedera Hashgraph has support levels of $ 0.086749, $ 0.082161, and the strongest at $ 0.079072. Similarly, Hedera Hashgraph resistance levels are at $ 0.094427, $ 0.097516, and $ 0.102104.

Hedera Hashgraph Correlation

Over the past 7 days, Hedera Hashgraph price was most positively correlated with the price of Mina Protocol (MINA), Binance Coin (BNB), NEAR Protocol (NEAR), Flow (FLOW) and NEO (NEO) and most negatively correlated with the price of Gnosis (GNO), Curve DAO Token (CRV), Internet Computer (ICP), BitTorrent (BTT) and Bonk (BONK).

Hedera Hashgraph price is positively correlated with the top 10 coins by market cap with a price of 0.479, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.447.

Currencies that are positively correlated with Hedera Hashgraph indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Hedera Hashgraph, a move in one direction for Hedera Hashgraph would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Hedera Hashgraph price in the future, it’s helpful to also explore Hedera Hashgraph’s price history. In the last month, the HBAR/USD pair is down .

Hedera Hashgraph Price Analysis

How to read and predict Hedera Hashgraph price movements?

Hedera Hashgraph traders use a variety of tools to try and determine the direction in which the HBAR market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Hedera Hashgraph price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Hedera Hashgraph Price Prediction Indicators

Moving averages are among the most popular Hedera Hashgraph price prediction tools. As the name suggests, a moving average provides the average closing price for HBAR over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for HBAR is a sum of HBAR’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the HBAR price moves above any of these averages, it is generally seen as a bullish sign for Hedera Hashgraph. Conversely, a drop below an important moving average is usually a sign of weakness in the HBAR market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the HBAR price.

How to read Hedera Hashgraph charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Hedera Hashgraph with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Hedera Hashgraph’s price action in 1-hour chunks. Each candlestick will display HBAR’s opening price, closing price, as well as the highest and lowest prices that Hedera Hashgraph reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Hedera Hashgraph?

Just like with any other asset, the price action of Hedera Hashgraph is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of HBAR. The market capitalization of Hedera Hashgraph can change significantly in a short period of time.

When trying to make a Hedera Hashgraph forecast, many traders also try to monitor the activity of HBAR “whales”, which are entities and individuals that control large amounts of HBAR. Since the Hedera Hashgraph market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Hedera Hashgraph’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.