Hedera’s native cryptocurrency, HBAR, is currently trading at $0.0967, reflecting a significant decline of 7.76% during the session. This price point positions HBAR just under key moving averages, with the 20-day moving average at $0.0976, the 50-day at $0.1026, and the 200-day at $0.1612, highlighting consistent selling pressure.
Analysts predict a challenging near-term outlook for HBAR, with a 24-hour forecast suggesting a further decline of approximately 1.76% to about $0.0950. Similarly, projections for the next 48 hours and the coming week predict further decreases, ultimately pointing to potential prices of $0.0927 and $0.0945, respectively. Over a longer period, the trend appears bearish, with predictions indicating a price drop to $0.0899 over a month and an even steeper decline to $0.0719 in three months. However, a more optimistic one-year outlook suggests a recovery with a price rise of around 20.06% to $0.1161.
Recent developments on the Hedera network have seen a surge in activity, particularly related to increased stablecoin supply and higher futures open interest, potentially reflecting greater institutional interest. A notable revelation was made when a senior official from the U.S. Department of Transportation filed a patent for a national road-use charging system that utilizes Hedera’s distributed ledger technology. Research platform Santiment ranked Hedera first in development activity among real-world asset platforms, indicating a healthy ecosystem bolstered by high throughput and enterprise-grade security.
Despite these positive developments, HBAR’s price performance continues to struggle under selling pressure. At its current trading level of $0.0967, the asset is not only below the MA-20 but also significantly under the MA-50 and MA-200, casting a shadow over short- and long-term prospects. Technical indicators are mixed; while the MACD shows neutrality in the daily frame, it reflects a strongly negative outlook weekly. Additionally, the Average Directional Index (ADX) indicates weak directional conviction. The Relative Strength Index (RSI) and Commodity Channel Index (CCI) are in neutral-to-positive territory, yet the Stochastic RSI signals a strong sell, exemplifying the complexity and divergence within market momentum.
Looking ahead, analysts anticipate that HBAR will likely fluctuate between $0.0870 and $0.1050 over the next five trading days, suggesting a range-bound trading environment characterized by typical volatility. A decisive move below $0.0890 could pave the way for further losses, while a recovery above the immediate resistance around $0.1000 would be necessary to shift the current bearish momentum. Recent reports have pointed out the asset’s previous positive short-term momentum, yet the overarching trend remains one of caution amid mixed signals and selling pressure.
It is important for investors to note that these analyses are based on forecasts and do not constitute financial advice, as market conditions can shift rapidly.
