Hedera’s native token, HBAR, is currently trading at approximately $0.149. It finds itself marginally above the 20-day moving average (MA-20) of $0.1452 but below key resistance levels at the 50-day (MA-50) and 200-day moving averages (MA-200) which are at $0.1654 and $0.1992, respectively. This technical backdrop suggests a short-term bullish momentum, yet medium- and long-term pressures are evident, particularly with significant resistance identified near the MA-50 and dynamic support provided by Ichimoku’s Kijun at $0.1606.
In recent 24-hour activity, the price reflected a minor gain of 0.94%, positioning itself at $0.1454. Conversely, 48-hour predictions hint at a decline of 1.21%, taking the price down to $0.1423, with a slight weekly increase forecasted at -0.45% leading to a price estimate of $0.1434. More striking predictions project a substantial drop of 35.58% over the next month, estimating HBAR at $0.0928. However, optimistic forecasts for the longer term include a potential increase of 103.26% over the next three months, targeting $0.2928, while a 34.47% rise in six months could bring it to around $0.1937. A year from now, predictions suggest a 41.76% increase, potentially elevating the price to $0.2042.
At present, real-time data indicates a current price of $0.1441, down 2.07% from the previous day’s close. Weekly analyses show a slight upward shift of 1.87%, with the price previously recorded at $0.1414.
In notable developments, the Vanguard Group has listed the first HBAR exchange-traded fund (ETF) on its platform, following its prior approval and launch by Canary Capital. This initiative has successfully attracted over $80 million in inflows within just weeks, enhancing investor access to Hedera’s ecosystem. Additionally, Hedera’s integration with Axelar facilitates seamless asset transfers across more than 60 blockchain networks, further amplifying opportunities in decentralized finance (DeFi). The recent inclusion of HBAR in Coinbase’s COIN50 Index during its latest rebalancing highlights the rising institutional and market recognition of the token.
Despite these positive developments, technical indicators present a mixed picture. The MACD indicates strong bearish pressure, while the Average Directional Index (ADX) remains weak, suggesting a lack of robust trending momentum. Furthermore, the daily Relative Strength Index (RSI) and Commodity Channel Index (CCI) show signs of being in the sell zone, although the Stochastic RSI is deeply overbought, indicating that buyers still maintain a degree of control amid strong daily gains. The current price volatility, as evidenced by its positioning near the upper range of the session, underscores the mixed outlook, revealing that while short-term buyers are active, longer-term trends remain inconclusive.
Historically, HBAR has faced downward pressure, as its price has lingered below all major moving averages. Daily indicators have consistently suggested bearish momentum, with oscillators like the RSI inching closer to oversold conditions. The nearest resistance continues to be defined by the Ichimoku Kijun, while immediate support remains elusive, illustrating ongoing risks in the broader market landscape.
Investors are advised to employ caution, given the volatility and mixed signals reflected in the current market trends and technical analyses.
