Hedera Hashgraph (HBAR) Price Prediction 2023 — Will HBAR Hit $0.3 Soon?

Hedera Hashgraph (HBAR) Price Prediction 2022 — Will HBAR Hit $0.3 Soon?
  • Bullish HBAR price prediction is $0.0565 to $0.1121.
  • Hedera Hashgraph (HBAR)  price might also reach $0.3 soon.
  • Bearish HBAR  price prediction for 2023 is $0.0359.

In Hedera Hashgraph (HBAR)  price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about HBAR to analyze the future movement of the cryptocurrency.

Hedera Hashgraph (HBAR)  Current Market Status

Current Price $0.06
24 – Hour Trading Volume $92,271,834
24 – Hour Price Change 4.3% up
Circulating Supply 25,211,909,181
All – Time High $0.569229 (On September 15, 2021)  
HBAR Current Market Status (Source: CoinGecko)

What is Hedera Hashgraph (HBAR) ?

Hedera Hashgraph (HBAR) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology. HBAR was launched during its ICO in 2018. Hedera network’s mainnet went live in 2019. Hedera network serves majorly as a distributed file service.

Rather than being built on any blockchain, the Hedera network is built on the hashgraph model that is secured by the proof-of-stake (PoS) consensus mechanism. It uses a patented algorithm that makes it a non-forkable network. The transactions on Hedera are faster and occur at low costs. The hashgraph distributed ledger is secure and immutable as Hedera deploys asynchronous byzantine fault tolerance (aBFT).

Hedera Hashgraph (HBAR)  Price Prediction 2023

Hedera Hashgraph (HBAR)  holds the 37th position on CoinGecko right now. HBAR price prediction 2023 is explained below with a daily time frame

HBAR /USDT  Descending Channel pattern (Source: Tradingview)

Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.

Currently, Hedera Hashgraph (HBAR)  is in the range of $0.058203.  If the pattern continues, the price of HBAR  might reach the resistance levels of  $0.0519, $0.0637 and  $0.0827. If the trend reverses, then the price of HBAR may fall to  $0.0358.

Hedera Hashgraph (HBAR)  Support and Resistance Levels

The chart below shows the support and resistance levels of Hedera Hashgraph (HBAR) .

HBAR /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Hedera Hashgraph (HBAR) .

Resistance Level 1$0.0565
Resistance Level 2$0.0805
Resistance Level 3$0.1121
Support Level $0.0359
HBAR Resistance & Support Level

The charts show that Hedera Hashgraph (HBAR)   has performed a bullish trend over the past month. If this trend continues, HBAR might run along with the bulls overtaking its resistance level at $0.1121.

Accordingly, if the investors turn against the crypto, the price of Hedera Hashgraph (HBAR)   might plummet to almost $0.0359, a bearish signal.

Hedera Hashgraph (HBAR)  Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Hedera Hashgraph (HBAR)  is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HBAR lies below the cutoff line, indicating weak  participants in the current trend.

HBAR /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Hedera Hashgraph (HBAR)  is shown in the chart above. Notably,  Hedera Hashgraph (HBAR)  price lies above 50 MA (short-term), so it is upward. Currently, HBAR has entered a bullish state. Therefore, there is a possibility of a reversal trend of HBAR at any time.

Meanwhile, the relative strength index (RSI) of the HBAR is 75.96. This means that the Hedera Hashgraph (HBAR)  is in an overbought state. However, this means a major price reversal of HBAR may occur in the upcoming days. So, traders need to trade carefully.

Hedera Hashgraph (HBAR)  Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Hedera Hashgraph (HBAR) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

HBAR /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Hedera Hashgraph (HBAR). Currently, the ADX of HBAR lies in the range of 38.2314 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Hedera Hashgraph (HBAR) . RVI measures the constant deviation of price changes over a period of time. The RVI of HBAR lies above 50, indicating high volatility. In fact, the RSI of Hedera Hashgraph (HBAR)  is at 75.96  thus confirming a potential buy signal.

Comparison of HBAR with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Hedera Hashgraph (HBAR) .

BTC Vs ETH Vs HBAR  Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of HBAR is similar to BTC and ETH. This indicates that when the price of  BTC and ETH  increases, the price of HBAR increases.When the price of BTC and ETH decreases,the price of HBAR decreases.

Hedera Hashgraph (HBAR) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Hedera Hashgraph (HBAR)  between 2024 and 2030.

Hedera Hashgraph (HBAR)  Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses,  Hedera Hashgraph (HBAR)  might probably attain $0.5 by 2024.

Hedera Hashgraph (HBAR)  Price Prediction 2025

With several upgrades in the network, Hedera Hashgraph (HBAR)  might enter a bullish trajectory. If the coin grabs the attention of major investors, HBAR might rally to hit $0.7 by 2025. 

Hedera Hashgraph (HBAR)  Price Prediction 2026

If Hedera Hashgraph (HBAR)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, HBAR would rally to hit $0.9.

Hedera Hashgraph (HBAR)  Price Prediction 2027

If Hedera Hashgraph (HBAR)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HBAR would rally to hit $1.

Hedera Hashgraph (HBAR)  Price Prediction 2028

If Hedera Hashgraph (HBAR)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HBAR would rally to hit $3. 

Hedera Hashgraph (HBAR)  Price Prediction 2029

Hedera Hashgraph (HBAR)  holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, HBAR would hit $5 in 2029.

Hedera Hashgraph (HBAR)  Price Prediction 2030

If investors flock in and continue to place their bets on Hedera Hashgraph (HBAR) , it would witness major spikes. HBAR might hit $7 by 2030.

Conclusion

With continuous improvements in the Hedera Hashgraph  Network, we can say that 2023 is a good year for HBAR. For this reason, the bullish price prediction of Hedera Hashgraph (HBAR)  in 2023 is $0.1116 On the other hand,  the bearish price prediction of Hedera Hashgraph (HBAR)  price prediction for 2023 is $ 0.0357.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of HBAR would help to reach above its current all-time high (ATH) of $0.569229 very soon. But, it might also reach $0.3 if the investors believe that HBAR is a good investment in 2023.

FAQ

1. What is Hedera Hashgraph (HBAR)?

Hedera Hashgraph (HBAR) is the native utility token of the Hedera ecosystem. Hedera is a distributed ledger system based on a hashgraph algorithm. HBAR was launched in 2018.

2. Where can you purchase Hedera Hashgraph (HBAR)?

Hedera Hashgraph (HBAR) has been listed on many crypto exchanges which include Binance, Huobi Global, Gate.io, KuCoin and Bittrex.

3. Will Hedera Hashgraph (HBAR) reach a new ATH soon?

With the ongoing developments and upgrades within the Hedera Hashgraph platform, Hedera Hashgraph (HBAR) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Hedera Hashgraph (HBAR)?

On September 15, 2021 Hedera Hashgraph (HBAR) reached its new all-time high (ATH) of $0.569229.

5. Is Hedera Hashgraph (HBAR) a good investment in 2023?

Hedera Hashgraph (HBAR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Hedera Hashgraph in the past few months, HBAR is considered a good investment in 2023.

6. Can Hedera Hashgraph (HBAR) reach $0.3?

Hedera Hashgraph (HBAR) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Hedera Hashgraph (HBAR) will hit $0.3 soon.

7. What will be Hedera Hashgraph (HBAR) price by 2024?

Hedera Hashgraph (HBAR) price is expected to reach $0.5 by 2024.

8. What will be Hedera Hashgraph (HBAR) price by 2025?

Hedera Hashgraph’s (HBAR) price is expected to reach $0.7 by 2025.

9. What will be Hedera Hashgraph (HBAR) price by 2026?

Hedera Hashgraph (HBAR) price is expected to reach $0.9 by 2026.

10. What will be Hedera Hashgraph (HBAR) price by 2027?

Hedera Hashgraph’s (HBAR) price is expected to reach $1 by 2027.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.