Hedera (HBAR) Price Prediction for March 31

In the past 24 hours, the price of Hbar has been facing a rising bearish threat as it dropped below the crucial support line at $0.16. Hbar recorded a drop of 3%, reaching a low of $0.1565. Moreover, the trading volume for Hedera has surged by 68% over the same period, totalling around $256 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 3% to $6.93 billion.

Hbar Faces Increased Long Liquidation

Hedera (HBAR) is on a decline, with the price slipping below the $0.16 support level. According to recent data from Coinglass, the market’s volatility led to approximately $1.15 million in Hedera trade liquidations.

The majority of these losses were borne by buyers, who lost about $969,000, reflecting dwindling confidence in a price rebound. In contrast, sellers incurred much smaller losses, totaling about $177,000.

Market sentiment for Hedera has turned bearish, with a noticeable decrease in trading activity. Open interest, which measures the total outstanding trading contracts, has fallen by 4.9% to around $164 million over the last 24 hours, signaling a pullback by traders.

However, there’s a glimmer of hope as the funding rate has shifted to a positive 0.006%, hinting at a budding increase in bullish sentiment towards HBAR’s future price.

Hedera Price Prediction: Technical Analysis

HBAR is experiencing significant selling pressure, causing its price to dip below the $0.16 mark. The current trading price is approximately $0.163, marking a decline of over 3.6% in the last 24 hours as bears aim for lower support levels. 

At the moment, buyers are struggling to push the price past the $0.18 resistance, with short-term investors appearing quick to offload their holdings at that price. However, if buyers can rally, they might aim to rebound towards the $0.17 level.

If HBAR can gain traction and sustain above $0.18, it could potentially climb towards $0.19. A breakthrough there might pave the way to challenge the next significant resistance at $0.20.

On the flip side, if HBAR continues to trade below the EMA20 on the 1-hour chart, it could empower sellers to keep the price under $0.16. Persistently lower prices may trigger further selling, potentially driving HBAR 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.