Hedera (HBAR) Price Prediction for March 30

In the past 24 hours, the price of Hbar has been facing increasing bearish momentum as it consolidates within strong support zones. Hbar recorded a drop of 0.75%, reaching a low of $0.1671. Moreover, the trading volume for Hedera has dropped by 17.62% over the same period, totaling around $172 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 hack in Bybit pushed the price below $0.2. In the last 24 hours, Hedera’s market capitalization has dropped by 0.5% to $7.15 billion.

Hbar Struggles Amid Bearish Domination

Hedera (HBAR) is experiencing a downward trend as its price stabilizes in strong support areas, with sellers working hard to keep the price down. Recent statistics from Coinglass reveal that around $485,000 worth of Hedera trades were liquidated during this period of instability.

Buyers bore the brunt of these losses, with about $329,000 lost as confidence in a price increase dwindled. Sellers faced less severe losses, totaling around $156,000. 

As the market becomes bearish, trading activity for Hedera has decreased. Open interest, which tracks the number of active trading contracts, has dropped by 4.6% in the last 24 hours, indicating a decline to roughly $173 million. This drop suggests that traders are pulling back.

Despite these difficulties, there is a slight positive shift as the funding rate has turned positive at 0.0059%, indicating a potential increase in bullish sentiment for the price of HBAR.

Hedera Price Prediction: Technical Analysis

HBAR is under a lot of selling pressure as it tries to stabilize around certain support zones. The bears are pushing to lower the price to the next immediate support level. Right now, HBAR is trading at about $0.17, having dropped slightly more than 0.05% in the last 24 hours.

Buyers are finding it difficult to drive the price above the $0.18 resistance mark, and short-term investors seem more eager to sell at this level. If buyers can gain some ground, they’ll look to recover from these low points near $0.17.

Should HBAR find some momentum and hold above $0.18, there’s a chance it could rise towards $0.19. Breaking through that could set the stage for a push towards the next key resistance level at $0.20.

Conversely, if HBAR remains below the EMA20 on the 1-hour chart, this could give sellers an opportunity to push the price down further, potentially below $0.163. If the price keeps falling, it could trigger more selling, possibly bringing 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 $0.18. If the price holds above $0.18, we might see a trade around $0.2. On the down side, $0.163 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.