HBAR :: Another massive break out from the triangle. Hello Friends.
There is a massive triangle pattern forming in HBAR. I am not able to determine the price target after break out. Please do not leverage long. Spot buying is only way to go. If you long futures the insiders benefit if price goes down therefore they start dumping. If you buy spot then insiders benefit by price going up. Hence the price moves up.
Note: If you want me to analyze any other tokens, please let me know in comments.
In-depth trading ideas
Is HBAR Price Ready To Go Parabolic?HBAR experienced significant growth from Q3 2024 to the first month of Q2, with its price surging by 300% over nearly 200 days.
However, it faced substantial sell-off orders at its peak, leading to a sharp decline that erased its gains. This brought the price back to its original support level, where it had previously shown historical movements.
As of now, the bullish momentum in September has resulted in some gains, but the price remains confined within the Q3 trading range of $0.045 to $0.072.
For HBAR to regain bullish confidence, it needs to break above the 200-day EMA and the horizontal level of $0.072. Sustaining above this level would boost long-term confidence and drive a strong recovery.
According to HBAR price predictions, the key resistance levels are at $0.072 and $0.100. However, the consolidation phase and bearish outlook might persist if it fails to cross the 200-day EMA band.
Hedera Price Crashes Towards $0.05 as Broader Market Weakens
Hedera Price Crashes Towards $0.05 as Broader Market Weakens
Hedera price has been in a consistent downtrend since mid May and has corrected over 52%.
At the time of writing, Hedera was exchanging hands close to $0.056 recording a negative intraday development of 5.03%.
As Bitcoin proceeds towards the major $60K after crashing over 2.25% a day, it has triggered a panic among the investors. The panic in the broader markets have hit the hardest on the altcoins as several altcoins have loomed over 5% today.
Hedera, which was on a declining trend for the past three months, has weakened more and has crashed nearly 5.03% a day. The weakness in the broader market has added more to the worse as HBAR price has loomed 12% in the last couple of sessions after the breakdown of an important support $0.064.
Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy, enabling individuals and businesses to create powerful decentralized applications.
Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform positioned as an alternative to traditional blockchain technology, aiming to excel in speed, efficiency, and security.
Open Interest Data Suggests Long Unwinding
As per the data obtained from an on-chain analytics website app.santiment.net there has been a likewise drop in the Open interest contracts along with the price in the recent sessions. The open Interest contracts have dropped from $23 million to $20 Million losing nearly 13% a week.
The drop in the OI data highlights the possibility of a long unwinding among the traders and investors. Moreover, the trading volume has dropped by 17.04% to $51.46 Million a day. It has a live market capitalization of $2.02 Billion and ranks 37th in the cryptoverse.
Out of 50 Billion HBAR tokens, nearly 35.8 Billion tokens are presently in circulation cumulating nearly 71.7% of the total supply. Additionally, the volume to market cap ratio at 2.54% suggests low volatility.
Hedera's Fall May Halt At This Level
The daily chart highlights a sharp crash in Hedera price after the breakdown of the recent support at $0.064 level. At the time of writing, HBAR was exchanging hands close to $0.056 losing nearly 5.03% a day.
However, few analysts hope that a sharp crash in Hedera may take a pause near the next psychological support of $0.051. on the lower side, Hedera price may crash 7% more till it reaches the next support of $0.051.
From a technical standpoint, the price has dropped below the key exponential moving averages of 20, 50 and 200 days suggesting weakness in the trend. Moreover, the RSI line as well as the 14 day SMA line has dropped below the mean line suggesting a bearish continuation in the short term.
Bitcoin's approach towards the $60K after a 2.25% daily drop has caused panic in the altcoins. Hedera (HBAR) has crashed 5.03% in a day and 12% over recent sessions, breaking key support at $0.064. Open interest contracts have dropped by 13% to $20 million, indicating long unwinding. Trading volume fell 17.04% to $51.46 million.
At the time of writing, the price was hovering below key EMAs, with RSI and 14-day SMA below the mean, suggesting a bearish trend. Analysts see potential support at $0.051, but further 7% decline is possible.
Hedera (HBAR) fails to spark investor interest: Can It CrashHedera (HBAR) fails to spark investor interest: Can It Crash More
Hedera Failed to make a comeback and kept on declining since the 2nd of Week.
The weighted sentiment curve highlights a frequent crossover of the zero line suggesting a confusion among the investors.
The crypto market experienced a significant downturn in the very beginning of July, with Bitcoin dropping to a low of GETTEX:54K thus causing a panic selloff in the altcoins. Moreover, When Bitcoin tanks, so does the rest of the market. In tandem with the broader markets fall Hedera (HBAR) also suffered heavily, with investor confidence waning.
Despite the recent recovery in Bitcoin and broader markets, HBAR has yet to regain investor trust. However, its price appears to be stabilizing near support levels, suggesting a potential bullish comeback.
Hedera is a highly utilized, sustainable, enterprise-grade public network for the decentralized economy, enabling the creation of powerful decentralized applications. It has a live market capitalization of $2.54 billion and ranks 32nd in the cryptocurrency market.
Weighted Sentiment Curve Highlights Investors Confusion
Hedera was a highly-touted Layer 1 platform during the 2021 crypto bull cycle, reaching its all-time high (ATH). However, in 2024, the open-source proof-of-stake protocol has struggled to make a significant impact on the market.
As of July, HBAR price has been in a downtrend, hovering around $0.06. Recent sessions show price stability near the support levels, suggesting a potential rebound.
According to data from app.santiment.net, positive sentiment has been rising recently. However, the weighted sentiment curve frequently crosses the zero line, indicating investor uncertainty.
Furthermore, the transaction volume reveals a growth of nearly 37% a day and has reached $46.77 Million a day. The rise in transaction volume highlights an increased demand. The volume to market capitalization at 1.85% suggests low volatility.
Hedera Price Analysis From A Technical Point of View
Hedera price has been in a downtrend since the 2nd week of May. connecting the highs, a trendline resistance may be easily drawn over the HBAR/USD daily chart. The price suffered rejection respecting the trendline resistance in May.
Currently, HBAR price seems to be stabilizing near the demand zone. The key exponential moving averages has been acting as a dynamic resistance indicating a preluding bearish pressure.
Now, HBAR may continue to show a sideways trend until it hovers in the range formed between 20 day EMA and demand zone of $0.64 level. A breakout above 20 day EMA may bring back confidence among the investors and price may recover. whereas, a breakdown below the demand may suggest a continuation of a bearish trend.
At the time of writing, the RSI line was headed towards the mean line and was placed at 43.9 points. whereas, The 14 day SMA line was at 34.3 points. Moreover, a bullish crossover of both the lines was observed indicating a possible rebound in the price.
What’s Next For HBAR?
The crypto market experienced a downturn in early July, with Bitcoin dropping towards GETTEX:54K , causing a panic selloff in altcoins, including Hedera (HBAR). Despite a broader market recovery, HBAR has yet to regain investor trust. However, HBAR shows signs of stabilizing near the support level indicating a potential for a bullish rebound.
Moreover, the positive sentiment is rising, though investor uncertainty remains. The transaction volume increased by 37%, reaching $46.77 million daily. Currently, HBAR suffers resistance near the key exponential moving averages and may trend sideways between the 20-day EMA and $0.64 demand zone. A breakout above the 20-day EMA could restore investor confidence.
the HBAR price tests this support for the third time
HBAR, the core cryptocurrency of the Hedera Hashgraph network, constitutes 71.52% of its total 50 billion coin supply in circulation. The market cap is currently valued at $2.985 billion, having risen by 2.34% within a day, while trading volume has seen a 41.97% decline to $46.227 million. A 24-hour volume-to-market cap ratio of 1.56% suggests lower liquidity, often indicative of potentially less stable market conditions.
On the daily price chart, Hedera (HBAR) had traded earlier within a tight range for most of 2023, generally staying under $0.07200 price mark. However, a strong support level at $0.04500, defended by bullish momentum, led to a breakout on October 20th, 2023, pushing the price beyond the $0.07200 resistance.
Moreover, this level of $0.07200 has since become a key support, with the price reaching new highs each time it has touched this base; the first rally from $0.07200 support soared to $0.13975, while the second escalated to $0.18350, marking gains of more than a 100% and 150%, respectively.
Currently, as the HBAR price tests this support for the third time, historical patterns suggest the potential for an over 200% surge, targeting a price point of $0.22000.
At press time, the HBAR price traded at $0.08340 with an intraday gain of 3.54%.
If HBAR Price successfully rebounds from the current level and beats dynamic resistance in the process, the nearest targets would be $0.12050 and $0.13975.
If the HBAR price is unable to manage the current support level of $0.07200, it could reach the $0.05750 and $0.04530 marks.
Its Indicators are fuzzy due to a lack of liquidity and mixed signals, as MACD shows a bearish cross, price approaching dynamic resistances, and RSI at 38.02 shows a U-turn from oversold towards the overbought.
Hedera Crypto Price Rebounds: Swift Recovery or Extended Dip?
Amidst the market's overall downturn, Hedera Cryptocurrency is showing signs of a swift comeback from its recent steep decline.
At the time of writing, the HBAR crypto was exchanging hands at $0.108 recording an Intraday rise of 2%.
The broader market took a hit yesterday dragging lower most of the cryptocurrencies including the major ones like Bitcoin and Ethereum. However, today the market leaders like BTC and ETH traded flat while few altcoins registered early recovery indicating their intention to outperform the market leaders.
Hedera Crypto, in particular, noted a 2% intraday gain, hinting at its potential to exceed the performance of Bitcoin and Ethereum, making it an attractive option for investors and traders.
To gain a deeper understanding, let's shift our perspective and assess whether Hedera can maintain its upward trajectory or falter by evaluating various sentiment indicators.
Social Sentiment On The Rise!
Recent data from app.santiment.net shows a significant uptick in social dominance and social volume, indicating heightened engagement among social media users. This surge in activity could be a harbinger of positive momentum for the cryptocurrency's value.
Social volume and social dominance metrics gauge shifts in the social community's sentiment, determining whether interest is waxing or waning. Generally, a rise in user engagement correlates with favorable price movements for the cryptocurrency.
Technical Indicators Shifting Territory Towards Bullish Side!
From a technical analysis standpoint, the Relative Strength Index (RSI) and the 14-day Simple Moving Average (SMA) have both crossed above the pivotal 50 mark, signaling a growing optimism among investors.
At the time of writing, the RSI was at 52.08 points, while the 14-day SMA was at 51.26. The occurrence of a bullish crossover between these indicators further reinforces the positive market sentiment.
Additionally, the daily chart reveals a robust support zone around the $0.0995 price level, which could propel prices upward if selling pressure mounts. Conversely, the $0.115 price point is poised to serve as the next resistance level. Should this be breached, the focus may shift to retesting recent highs at $0.135 and $0.15.
Nonetheless, the trajectory of Hedera (HBAR) will likely be influenced by the overall market's performance; a continued downturn could lead to further challenges for HBAR.
Conclusion.
The broader markets took a hit yesterday, affecting major coins like Bitcoin and Ethereum. Despite this, Hedera (HBAR) showed resilience with a 2% gain in Intraday, suggesting it may outperform larger cryptos. Moreover, the sentiment data indicates increased social media interest, potentially signaling growth.
Furthermore, technical indicators like the RSI and SMA crossing the 50 mark reflect investor confidence. HBAR's support at $0.0995 and resistance at $0.115 are key levels to watch. While HBAR shows promise, its fate is tied to the broader market's recovery or further decline.
price keeps rising due to bullish influenceThe current trading price of HBAR is $0.11835, showing a 7.29% intraday increase. This week, it showed strong performance with a 14.00% increase in its price. If the price keeps rising due to bullish influence, it could reach targets such as $0.14000 and $0.16000. Conversely, should the price dip under $0.10000, it could reach lower points in that situation.
The indicators like MACD and RSI are displaying a bullish trend on the daily chart, indicating support for the price increase. At the same time, the MACD is positioned above the zero line at a level of 0.00262, while the RSI is trending upwards above the midline at 57.77.
Hedera Crypto Price PredictionThe Hedera Crypto surpassed the 20 day EMA and continued to thrust higher on Monday.
The HBAR price was trading close to $0.121, recording a significant intraday development of 4.15%.
The Hedera Crypto extended gains on the third consecutive day and trades near the weekly highs. The bulls have added over 4.15% in Intraday and might show more gains by the end of the session.
The daily chart shows that the HBAR price retraced the 50 day exponential moving average and surged higher. The bulls established themselves near the 50 day EMA and $0.099 level after which the price took a rebound.
The long term trend favors the bullish side as the crypto is headed towards north forming lower highs and higher higher. The short term trend seemed to be weakening after the recent price drop. However, the heavy buying volume inflow from the lower levels triggered a trend reversal and the crypto resumed its way to conquer highs again
🚀 Hbar (Hedera Hashgraph) 2025 Bull Run Prediction 🚀🚀 Hbar (Hedera Hashgraph) 2025 Bull Run Prediction 🚀
Exciting times ahead for Hbar! 🌐 I'm anticipating a stellar 2025 bull run with Hbar surging beyond $1, presenting a juicy 15X potential ride. 🚀 However, don't let the excitement overshadow the importance of diligent research and risk management.
Disclaimer: 🚨 This is not financial advice. Your investments, your responsibility. Conduct thorough research, know your risk tolerance, and diversify wisely. Crypto markets can be wild! 🌊
Let's ride the waves together, but always stay informed and make decisions based on your own analysis. Happy investing! 💰🌈
HBAR Medium term projectionThis analysis which is conducted in the chart is based on technical analysis. I believe this would be the local accumulation range before consolidating, then a fake mark up at the end of the triangle with a takedown. This will simultaneously have the people who went long early, closed out of their position, while also trapping the people who went short at the bottom of the range. 16/02/2022















