- Hedera crypto price is struggling between 20-day and 100-day moving averages.
- Hedera’s price has dropped by 28% in the last 20 days.
Hedera price has created Lower-low structures as it has fallen from its prime levels. Following the break below the 20-day and 50-day exponential moving averages, it is currently experiencing a bearish trend. The HBAR price may form a new low and extend the downtrend due to the bearish pressure.
The market continues to show weakness as Hedera (HBAR) failed to sustain the high and reversed its direction, continuing the downtrend. Further downside is possible due to the market trading below the essential support trendline. The market is also in a downtrend on a longer timeframe, as it is creating lower lows.
The current situation requires traders and investors to be patient and wait for a clear signal of a break above or below the range before making any moves. They should also avoid FOMO and minimize losses.
Hedera (HBAR) crypto price is trading at $0.0723 with an intraday loss of 4.21%. The market capitalization is $2.42 billion. According to the market cap, HBAR ranks 36th in the cryptocurrency market. The 24-hour trading volume is $43.01 million with a jump of 60%.
The circulating supply of Hedera crypto is 33,661,753,100 HBAR and the fully diluted market cap is $3,617,604,548. The maximum and total supply of Hedera is 50,000,000,000 HBAR.
Hedera Crypto Price Technical Analysis Over 1-D Timeframe
On a wider timeframe, the Hedera price has performed negatively but in the short term, bulls are strong. The HBAR price has been in a bullish trend and jumped by 100% in the next few months. The trend was disturbed near the $0.100 mark and sellers dragged down the price and profit booking was observed.
Currently, the HBAR price is taking support on the 100-day moving average. Recently, the Hedera crypto price took support on the 100-day EMA and rose by 25% in the next four days.
Hedera’s price has slipped below the support level of $0.0750 with good selling pressure. If the price sustains below the support level, sellers may become strong and it can easily reach the 200-day moving average.
On the other hand, if the HBAR coin price bounces back and sustains over the 20-day moving average, the buyers may lift the price to the $0.100 mark. A 52-week high can be expected in the next few days.
Hedera Price Prediction FAQs
What is the Hedera price prediction today?
The HBAR crypto price is predicted to gain 0.00% to reach $0.072 by today.
What is the HBAR price prediction tomorrow?
According to our technical analysis, the Hedera will fall 3.49% to reach $0.069 by tomorrow.
What is the Hedera crypto price prediction for this week?
The HBAR price is predicted to perform negatively by this week. Hedera’s price is predicted to fall 8.66% to reach $0.065 by this week.
What is the current HBAR price prediction?
The current price prediction sentiment is bearish according to our technical analysis.
Conclusion
Based on the current technical analysis, the sentiment towards the Hedera (HBAR) crypto price is bearish. The market has been experiencing a downtrend, with lower lows being created. It is currently struggling between the 20-day and 100-day moving averages, and the price has dropped by 28% in the last 20 days. Traders and investors should exercise patience and wait for a clear signal of a break above or below the range before making any moves.
Technical levels
Resistance: $0.085 & $0.100
Support: $0.070 & $0.058
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.