Hedera’s native cryptocurrency, HBAR, is currently trading at $0.121, reflecting a notable increase of 6.33% over the past 24 hours. The market capitalization of Hedera stands at approximately $5.2 billion, with a 24-hour trading volume of $215.49 million.
In terms of technical analysis, HBAR is positioned above its 20-day moving average (MA-20) of $0.1126, suggesting positive short-term momentum. However, it remains below the 50-day moving average (MA-50) at $0.1301 and significantly under the 200-day moving average (MA-200) of $0.1906, indicating that medium- to long-term bearish pressure persists. Over the last day, HBAR surged by 7.10%, closing near the session’s high amidst a moderate to high volatility range.
Looking ahead, short-term predictions suggest an increase, with estimates projecting a price of $0.1224 for 24 hours (+1.16%), $0.1232 for 48 hours (+1.82%), and a potential rise to $0.1289 over a week (+6.53%). However, longer-term forecasts appear less optimistic, forecasting a drop to $0.0875 within a month (-27.69%) and a significant decline to $0.0282 over the next three months (-76.69%).
Despite the recent uptick, HBAR’s price dynamics indicate that bearish signals persist. Resistance levels are firmly set—with immediate resistance at the MA-50 near $0.1301 and an additional ceiling at $0.1231 (Ichimoku Kijun)—while the 20-day moving average offers support. Momentum indicators present a mixed picture: the daily MACD indicates strong bearishness, while the Average Directional Index (ADX) shows moderate strength but exists in a negative zone. Oscillators also suggest short-term overheating, with the Stochastic RSI at 100 and the Relative Strength Index (RSI) around 44, reflecting neutral conditions.
The current market sentiment suggests a continuation of sideways movement, likely oscillating between $0.1100 and $0.1240 in the coming week. Strong resistance at around $0.1240 combined with existing overbought signals could limit the chances of a sustainable rally, estimated at below 20%. If HBAR falls below $0.1100, it could trigger increased selling pressure, reinforcing the longer-term bearish outlook.
Additionally, Hedera is making strides in supporting the development of smart contracts and file storage solutions, significantly enhancing its throughput capabilities. Institutional interest remains moderate, as evidenced by U.S. spot HBAR ETFs launched in late October, which garnered inflows of $83.70 million—accounting for 1.11% of the market cap by year-end. These inflows were most pronounced in the initial weeks following launch, with subsequent additions showing more modest growth as enterprise interest in the Hedera network remains stable.
Market analysts advise caution, acknowledging the current volatility and mixed technical indicators. As with any investment, potential market conditions can shift, and stakeholders are encouraged to approach with a level of discernment.
