- Bullish HBAR price prediction for 2024 is $0.48424 to $0.79962.
- Hedera (HBAR) price might reach $1 soon.
- Bearish HBAR price prediction for 2024 is $0.15783.
In this Hedera (HBAR) price prediction for 2024, 2025-2030, we will analyze the price patterns of HBAR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
HEDERA (HBAR) PRICE PREDICTION 2024 |
|
| HEDERA (HBAR) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Hedera (HBAR) Current Market Status
| Current Price | $0.2563 | 24 – Hour Price Change | 12.46% Down |
| 24 – Hour Trading Volume | $2.27B |
| Market Cap | $9.79B |
| Circulating Supply | 38.24B HBAR | All – Time High | $0.5701 (On Sep 16, 2021) |
| All – Time Low | $0.01001 (On Jan 03, 2020) |
What is Hedera (HBAR)
| TICKER | HBAR |
| BLOCKCHAIN | Ethereum |
| CATEGORY | Energy-Efficient cryptocurrency |
| LAUNCHED ON | August 2018 |
| UTILITIES | Governance, transaction fees, & rewards |
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).
Recently, Hedera has integrated MetaMask via HIP-583, expanding user accessibility. Additionally, Hedera concluded a successful proof-of-concept (PoC) trial for stablecoin remittances was conducted with Shinhan Bank and SCB TechX.
HBAR 24H Technicals
(Source: TradingView)
Hedera (HBAR) Price Prediction 2024
Hedera (HBAR) ranks 18th on CoinMarketCap in terms of its market capitalization. The overview of the HBAR price prediction for 2024 is explained below with a daily time frame.
HBAR/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Hedera (HBAR) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form 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.
At the time of analysis, the price of Hedera (HBAR) was recorded at $0.2563. If the pattern trend continues, then the price of HBAR might reach the resistance levels of $0.31140, $0.37384 and $0.44976. If the trend reverses, then the price of HBAR may fall to the support of $0.25691.
Hedera (HBAR) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Hedera (HBAR) in 2024.
HBAR/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Hedera (HBAR) for 2024.
| Resistance Level 1 | $0.48424 |
| Resistance Level 2 | $0.79962 |
| Support Level 1 | $0.26901 |
| Support Level 2 | $0.15783 |
HBAR Resistance & Support Levels
Hedera (HBAR) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Hedera (HBAR) are shown in the chart below.
HBAR/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Hedera (HBAR) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.17275Price = $0.28140 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 57.53141 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Hedera (HBAR) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Hedera (HBAR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
HBAR/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Hedera (HBAR).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 40.51127 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 56.36 <50 = Low >50 = High | High volatility |
Comparison of HBAR with BTC, ETH
Let us now compare the price movements of Hedera (HBAR) with that of Bitcoin (BTC), and Ethereum (ETH).
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 that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of HBAR also increases or decreases respectively.
Hedera (HBAR) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Hedera (HBAR) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Hedera (HBAR) Price Prediction 2025 | $1.2 | $0.1 |
| Hedera (HBAR) Price Prediction 2026 | $1.5 | $0.09 |
| Hedera (HBAR) Price Prediction 2027 | $2.3 | $0.08 |
| Hedera (HBAR) Price Prediction 2028 | $3.5 | $0.07 |
| Hedera (HBAR) Price Prediction 2029 | $4.3 | $0.06 |
| Hedera (HBAR) Price Prediction 2030 | $5 | $0.05 |
Conclusion
If Hedera (HBAR) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Hedera (HBAR) price prediction for 2024 is $0.79962. Comparatively, if unfavorable sentiment is triggered, the bearishHedera (HBAR) price prediction for 2024 is $0.15783.
If the market momentum and investors’ sentiment positively elevates, then Hedera (HBAR) might hit $1. Furthermore, with future upgrades and advancements in the HBAR ecosystem, HBAR might surpass its current all-time high (ATH) of $0.5701 and mark its new ATH.
FAQ
1. What is Hedera (HBAR)?
Hedera (HBAR) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology.
2. Where can you buy Hedera (HBAR)?
Traders can trade Hedera (HBAR) on the following cryptocurrency exchanges such as Binance, Deepcoin, OKX, Bitrue, and Bybit.
3. Will Hedera (HBAR) reach a new ATH soon?
With the ongoing developments and upgrades within the Hedera platform, Hedera (HBAR) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Hedera (HBAR)?
Hedera (HBAR) hit its current all-time high (ATH) of $0.5701 on September 16, 2021.
5. What is the lowest price of Hedera (HBAR)?
According to CoinMarketCap, HBAR hit its all-time low (ATL) of $0.01001 on Jan 02, 2020.
6. Will Hedera (HBAR) reach $1?
If Hedera (HBAR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.
7. What will be the Hedera (HBAR) price by 2025?
Hedera (HBAR) price might reach $1.2 by 2025.
8. What will be the Hedera Hashgraph (HBAR) price by 2026?
Hedera (HBAR) price might reach $1.5 by 2026.
9. What will be the Hedera (HBAR) price by 2027?
Hedera (HBAR) price might reach $2.3 by 2027.
10. What will be the Hedera (HBAR) price by 2028?
Hedera (HBAR) price might reach $3.5 by 2028.
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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.
