Hedera (HBAR) Price Prediction for April 3

In the past 24 hours, the price of Hbar has been facing increasing volatility as it surged toward $0.18 only to face a decline later. Hbar recorded a drop of 4.2%, reaching a low of $0.1583. Moreover, the trading volume for Hedera has surged by 84% over the same period, totaling around $374 million.

Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. On February 3, the price of HBAR crashed heavily as it dropped below $0.2. Additionally, the ongoing tariffs imposed by Donald Trump are keeping the Hbar price below $0.2. In the last 24 hours, Hedera’s market capitalization has dropped by 4.3% to $6.71 billion.

Hbar Faces War Between Buyers and Sellers

Hedera (HBAR) experienced significant price fluctuations, falling sharply after hitting a high of $0.18. The price dropped below the Fibonacci retracement channels, establishing a new low under $0.16. Coinglass data reveals that these market movements resulted in about $1.6 million worth of Hedera trades being liquidated.

The bulk of these losses, approximately $1.02 million, were suffered by sellers, while buyers faced smaller losses of around $593,000. The market sentiment for Hedera has turned bearish, evidenced by a decline in trading activity. 

Open interest, which tracks the total number of outstanding contracts, has decreased by 5.5% to about $152 million in the last 24 hours, indicating a retreat by traders.

Despite the downturn, there is a slight positive sign. The funding rate has moved to a positive 0.0013%, suggesting a potential increase in bullish sentiment and possibly forecasting a comeback for HBAR’s price.

Hedera Price Prediction: Technical Analysis

HBAR is currently under heavy selling pressure, which has pushed its price below the $0.16 mark. After a strong rejection at the $0.18 high, buyer confidence dropped. The price has now dropped to around $0.159, a decrease of over 4.8% in the last 24 hours, as sellers target even lower support levels. 

Buyers are finding it tough to break the $0.18 resistance, with short-term investors eager to sell off their holdings once prices hit that level. However, if buyers manage to regroup and push past the current downturn, they could try to reach the $0.17 mark.

If HBAR manages to sustain above $0.18, there’s potential for it to rise towards $0.19. A move past this point could set the stage for an attempt to breach the $0.20 resistance.

Conversely, if HBAR continues to stay below the EMA20 on the 1-hour chart, it may enable sellers to maintain the price under $0.16. If prices stay low, it could lead to increased selling, potentially driving HBAR’s price down to $0.14.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for a hold above $0.17. If the price holds above $0.17, we might see a trade around $0.18. On the down side, $0.14 is the range.  

Long-term: According to Coincodex’s current Hedera Hashgraph price prediction, the price of HBAR is expected to decline by approximately 11.26%, potentially reaching $0.153453 by April 28, 2025. Coincodex’s technical indicators currently show bearish sentiment, while the Fear & Greed Index is at a level of 26 (Fear). Over the past 30 days, Hedera Hashgraph recorded 16 green days (53%) and exhibited price volatility of about 11.14%. Given these insights, Coincodex suggests that it is currently not an optimal time to purchase Hedera Hashgraph.

Investment Risks for HBAR

Investing in Hedera can be risky due to market volatility. Investors should:

• Conduct technical and on-chain analysis.
• Assess their financial situation and risk tolerance.
• Consult with financial advisors if necessary.