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- 1 Hedera crypto price was at $0.082 recording an intraday gain of 1.16% at the time of writing.
- 2 The technical aspect shows a positive outlook after the breakout from a short term correction phase.
Hedera crypto price stays in green for the three consecutive sessions suggesting a strong outlook over the charts. The crypto recently surpassed the 50-Day EMA indicating the termination of the short-term correction phase and the resumption of a new bullish wave.
Earlier the crypto maintained an upward trajectory from November 2023 to January 2024. Thereafter, it suffered a downturn after attaining a high of $0.095 and declined.
However, the HBAR crypto received a bullish wave from the previous breakout zone and 200-Day EMA and broke out of its correction phase. The 50-Day EMA then turned into a dynamic support as the price bounced higher after retracing it.
At the time of writing, the Hedera crypto was at $0.082 with an intraday drop of 1.16%. It had a live market capitalization of $2.79 Billion and ranked 38th in the overall crypto market.
The circulating supply of HBAR tokens is 33.66 Billion tokens against a total supply of 50 Billion tokens. Moreover, it has a fully diluted market cap of $4.124 Billion.
Hedera Crypto Technical Analysis
From a technical perspective, the HBAR price is hovering above the 50 and 200-Day EMAs, suggesting a positive outlook.
At the time of writing, the RSI line was at 64.04 points and SMA line was at 51.04, highlighting positive sentiments. Moreover, the RSI line has made a bullish crossover on the SMA line, indicating the continuation of a bullish trend.
Hedera Crypto Price Action Analysis
The bulls have reclaimed positive territory which is confirmed by the trend outlook and the indicator analysis. The short-term outlook is in tune with the long-term outlook, implying that the crypto could conquer higher supply levels.
The recent supply zone is $0.85. If the bulls conquer this level, they could jump as high as $0.09 and $0.095.
On the lower side, the buyers are comfortably holding at the demand zones of $0.75 and lower levels which the sellers may find difficult to surpass.
Hedera Price Prediction February 2024
The most optimistic view of analysts estimates that the HBAR crypto may rise to a recent swing high of $0.093 by the end of February 2024. However, the pessimistic aspect of analysts suggests that the price could drop to the nearest support and 50-Day EMA at $0.075.
Hedera Crypto Price Prediction 2024
The price forecast for the year 2024 is that the HBAR token price could reach a high of $0.152, suggesting a potential gain of over 83.25% if the most positive conditions prevail. Moreover, the bearish outlook of the analysts pegs the price at $0.120 by the year-end.
Hedera Price Prediction 2025
By the year 2025, the Hedera price may attain a high of $0.229 as the highest price on the positive side. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $0.160.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
