Hedera Hashgraph (HBAR) Price Prediction 2024, 2025–2030

Explore short and medium-term Hedera Hashgraph price prediction analysis and check long-term Hedera Hashgraph forecasts for 2025, 2030, and beyond

5-Day Prediction
$?0.067899
1-Month Prediction
$?0.089477
3-Month Prediction
$?0.185659
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?0.055589
Price Prediction $?0.089477  (60.18%)
Fear & Greed Index 72 (Greed)
Sentiment Neutral
Volatility 6.17%
Green Days 16/30 (53%)
50-Day SMA $?0.052799
200-Day SMA $?0.075976
14-Day RSI 53.29

According to our current Hedera Hashgraph price prediction, the price of Hedera Hashgraph is predicted to rise by 60.18% and reach $?0.089477 by November 20, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 72 (Greed). Hedera Hashgraph recorded 16/30 (53%) green days with 6.17% price volatility over the last 30 days. Based on the Hedera Hashgraph forecast, it's now a good time to buy Hedera Hashgraph.

$
≈ $?3,714.17

If you invest $?1,000.00 in Hedera Hashgraph today and hold until Jul 06, 2025, our prediction suggests you could see a potential profit of $?3,714.17, reflecting a 371.42% ROI over the next 257 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Hedera Hashgraph Price Targets

DatePredictionPotential ROI
Oct 22, 2024$?0.055861
0.49%
Oct 23, 2024$?0.055664
0.13%
Oct 24, 2024$?0.056438
1.53%
Oct 25, 2024$?0.058148
4.60%
Oct 26, 2024$?0.067899
22.14%

Over the next five days, Hedera Hashgraph will reach the highest price of $?0.067899 on Oct 26, 2024, which would represent 22.14% growth compared to the current price. This follows a 7.64% price change over the last 7 days.

Hedera Hashgraph Prediction Table

202420252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Oct 2024$?0.055664$?0.070848$?0.089658
61.29%
Nov 2024$?0.081405$?0.099943$?0.167807
201.87%
Dec 2024$?0.175884$?0.187069$?0.20654
271.55%

In 2024, Hedera Hashgraph (HBAR) is anticipated to change hands in a trading channel between $?0.055664 and $?0.20654, leading to an average annualized price of $?0.119287. This could result in a potential return on investment of 271.55% compared to the current rates.

Hedera Hashgraph Price Prediction 2024

October 2024: HBAR Prediction

With a positive market trend seen last month (with the price of HBAR gaining 3.75%), Hedera Hashgraph is expected to prolong the trend in October. The projected monthly trading range is between $?0.055664 and $?0.089658, with the average monthly value sitting at $?0.070848, which would be a 32.23% increase compared to the previous month. This could offer investors a potential return of 61.29%.

Potential ROI: 61.29%

November 2024: HBAR Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $?0.099943. The expected price range lies between $?0.081405 and $?0.167807, influenced by last month's market performance. Investors may witness a potential gain of 201.87%, if they decide to buy HBAR at current prices and sell it at predicted rates.

Potential ROI: 201.87%

December 2024: HBAR Prediction

Hedera Hashgraph is predicted to finish the year by changing hands in a trading channel between $?0.175884 and $?0.20654. This would entail that the price of HBAR increased by 236.52% in comparison to today’s prices (assuming December’s average price of $?0.187069). In other words, investors would generate a potential profit of 271.55% if HBAR follows the prediction.

Potential ROI: 271.55%

Hedera Hashgraph Price Prediction 2025

In 2025, Hedera Hashgraph is forecasted to trade in a price channel between $?0.10277 and $?0.262057. On average, HBAR is expected to change hands at $?0.15819 during the year. The most bullish month for HBAR could be July, when the currency is anticipated to trade 371.42% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.161494$?0.184526$?0.206509
271.49%
February$?0.142752$?0.162893$?0.176598
217.68%
March$?0.113878$?0.131433$?0.148534
167.20%
April$?0.105029$?0.1119$?0.123417
122.02%
May$?0.10277$?0.119354$?0.133702
140.52%
June$?0.132106$?0.148869$?0.178784
221.62%
July$?0.171449$?0.202203$?0.262057
371.42%
August$?0.182949$?0.201009$?0.217121
290.58%
September$?0.149718$?0.197783$?0.235291
323.27%
October$?0.133037$?0.159281$?0.176903
218.23%
November$?0.121683$?0.143481$?0.175106
215.00%
December$?0.12443$?0.13555$?0.147246
164.88%

Hedera Hashgraph Price Prediction 2026

Generally speaking, Hedera Hashgraph price prediction for 2026 is bullish. The HBAR cryptocurrency is forecasted to hit a high point of $?0.142828 in January and reach a low of $?0.045608 in November. Overall, HBAR is expected to trade at an average price of $?0.070399 in 2026.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.119731$?0.127336$?0.142828
156.93%
February$?0.106595$?0.122131$?0.141263
154.12%
March$?0.068495$?0.082873$?0.106024
90.73%
April$?0.057939$?0.065538$?0.072143
29.78%
May$?0.056494$?0.058983$?0.062686
12.77%
June$?0.058279$?0.06276$?0.066432
19.50%
July$?0.056177$?0.058006$?0.060005
7.94%
August$?0.054794$?0.055891$?0.057942
4.23%
September$?0.049765$?0.054872$?0.057479
3.40%
October$?0.049671$?0.050825$?0.051652
7.08%
November$?0.045608$?0.047798$?0.050237
9.63%
December$?0.049592$?0.057776$?0.062838
13.04%

Hedera Hashgraph Price Prediction 2027

The outlook for Hedera Hashgraph in 2027 indicates a possible uptrend, with an expected price of $?0.056278. This represents a 1.24% increase from the current price. The asset's price is projected to oscillate between $?0.048554 in May and $?0.071951 in December. Investors could see a potential ROI of 29.43%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.054984$?0.063436$?0.069421
24.88%
February$?0.055299$?0.057824$?0.061825
11.22%
March$?0.055072$?0.057469$?0.059792
7.56%
April$?0.051892$?0.052833$?0.055118
0.85%
May$?0.048554$?0.050724$?0.052438
5.67%
June$?0.050173$?0.052051$?0.054653
1.68%
July$?0.052171$?0.05534$?0.060619
9.05%
August$?0.050067$?0.051714$?0.054258
2.39%
September$?0.04975$?0.050783$?0.052097
6.28%
October$?0.052291$?0.055058$?0.058673
5.55%
November$?0.056281$?0.060484$?0.067989
22.31%
December$?0.064026$?0.067621$?0.071951
29.43%

Hedera Hashgraph Price Prediction 2028

Following a bullish trend in the previous year, 2028 is expected to continue this momentum. Hedera Hashgraph’s value is forecasted to increase, potentially reaching an average price of $?0.081291. The price is predicted to fluctuate between a low of $?0.050618 in September and a high of $?0.348412 in December.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.060183$?0.062829$?0.067061
20.64%
February$?0.067561$?0.081377$?0.089153
60.38%
March$?0.067143$?0.078117$?0.083506
50.22%
April$?0.06476$?0.074468$?0.0897
61.36%
May$?0.069889$?0.07693$?0.081131
45.95%
June$?0.058771$?0.064618$?0.069727
25.43%
July$?0.052651$?0.059595$?0.063899
14.95%
August$?0.051185$?0.053289$?0.05591
0.58%
September$?0.050618$?0.05313$?0.056859
2.29%
October$?0.051843$?0.060782$?0.090675
63.12%
November$?0.071207$?0.100065$?0.130577
134.90%
December$?0.103018$?0.21029$?0.348412
526.76%

Hedera Hashgraph Price Prediction 2029

Forecasts for 2029 suggest that HBAR will experience a significant growth, with expected fluctuation ranging from $?0.144915 to $?0.457282. Investors might anticipate a potential ROI of 722.61%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.223321$?0.301691$?0.348351
526.65%
February$?0.224966$?0.26316$?0.289694
421.13%
March$?0.166697$?0.198237$?0.232371
318.02%
April$?0.149345$?0.161343$?0.176108
216.80%
May$?0.144915$?0.180999$?0.222216
299.75%
June$?0.202443$?0.242934$?0.342757
516.59%
July$?0.279597$?0.338679$?0.457282
722.61%
August$?0.30215$?0.341627$?0.380255
584.05%
September$?0.236982$?0.322464$?0.404793
628.19%
October$?0.20427$?0.257634$?0.290292
422.21%
November$?0.182004$?0.219996$?0.255094
358.89%
December$?0.187392$?0.208829$?0.232134
317.59%

Hedera Hashgraph Price Prediction 2030

In the long term, Hedera Hashgraph could reach a price of $?0.22347 in January of 2030. That’s a rather optimistic scenario, as HBAR could trade as low as $?0.032817 in November. Overall, HBAR’s price is projected to hover at around $?0.080716 during the year, about 45.20% above the current price of $?0.055589.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.178176$?0.194834$?0.22347
302.00%
February$?0.147963$?0.177946$?0.217756
291.72%
March$?0.0777$?0.101357$?0.141214
154.03%
April$?0.056999$?0.071006$?0.084855
52.65%
May$?0.054167$?0.058819$?0.065559
17.93%
June$?0.057667$?0.066371$?0.073654
32.50%
July$?0.051637$?0.056541$?0.060657
9.12%
August$?0.050831$?0.053185$?0.057005
2.55%
September$?0.040969$?0.050196$?0.056098
0.92%
October$?0.040722$?0.042928$?0.044671
19.64%
November$?0.032817$?0.037114$?0.042016
24.42%
December$?0.044005$?0.058297$?0.066608
19.82%

Hedera Hashgraph Price Prediction For Years 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Hedera Hashgraph is projected to increase, with prices potentially reaching $?0.457282 by 2029. This represents a 722.61% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $?0.457282 and lows of $?0.032817 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2024$?0.055664$?0.029822$?0.20654
271.55%
2025$?0.10277$?0.15819$?0.262057
371.42%
2026$?0.045608$?0.070399$?0.142828
156.93%
2027$?0.048554$?0.056278$?0.071951
29.43%
2028$?0.050618$?0.081291$?0.348412
526.76%
2029$?0.144915$?0.253133$?0.457282
722.61%
2030$?0.032817$?0.080716$?0.22347
302.00%

Hedera Hashgraph Technical Analysis

Sentiment

Neutral

Based on data from October 21, 2024 at 05:54, the general Hedera Hashgraph price prediction sentiment is neutral , with 21 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals.

HBAR price prediction was last updated on October 21, 2024 at 05:54.

Hedera Hashgraph's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Hedera Hashgraph's 200-day SMA will drop in the next month and will hit $?0.07172 by Nov 20, 2024. Hedera Hashgraph's short-term 50-Day SMA is estimated to hit $?0.063154 by Nov 20, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 53.29, which indicates that the HBAR market is in a neutral position.

Popular HBAR Moving Averages and Oscillators for Mon, Oct 21, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?0.053214BUY
SMA 5$?0.05274BUY
SMA 10$?0.05224BUY
SMA 21$?0.053528BUY
SMA 50$?0.052799BUY
SMA 100$?0.05704SELL
SMA 200$?0.075976SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?0.052202BUY
EMA 5$?0.052385BUY
EMA 10$?0.052582BUY
EMA 21$?0.053111BUY
EMA 50$?0.054341BUY
EMA 100$?0.059656SELL
EMA 200$?0.068252SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$?0.03267BUY
SMA 50$?0.043879BUY
SMA 100-$?0.02BUY
SMA 200$?0.012586BUY

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?0.064766SELL
EMA 50$?0.07274SELL
EMA 100$?0.076986SELL
EMA 200$?0.03588BUY

Hedera Hashgraph Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)53.29NEUTRAL
Stoch RSI (14)78.79NEUTRAL
Stochastic Fast (14)48.72NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)12.24NEUTRAL
Awesome Oscillator (5, 34)0.00NEUTRAL
Momentum (10)0.00BUY
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-51.28NEUTRAL
Ultimate Oscillator (7, 14, 28)48.90NEUTRAL
VWMA (10)0.05BUY
Hull Moving Average (9)0.05SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.06NEUTRAL

Hedera Hashgraph Key Price Levels

Based on today's classical pivot point (P1) with the value of $?0.05446, Hedera Hashgraph has support levels of $?0.053086, $?0.050594, and the strongest at $?0.049219. Similarly, Hedera Hashgraph resistance levels are at $?0.056953, $?0.058327, and $?0.06082.

Support Levels

#PriceStrength
S1$?0.053086  
S2$?0.050594  
S3$?0.049219  

Resistance Levels

#PriceStrength
R1$?0.056953  
R2$?0.058327  
R3$?0.06082  

Hedera Hashgraph Correlation

Over the past 7 days, Hedera Hashgraph price was most positively correlated with the price of Notcoin (NOT), NEAR Protocol (NEAR), Core DAO (CORE), Cardano (ADA) and Fantom (FTM) and most negatively correlated with the price of Fasttoken (FTN), Stellar (XLM), TRON (TRX), XRP (XRP) and KuCoin Token (KCS).

Positively Correlated Currencies

NameCorrelation
0.840
0.789
0.775
0.762
0.757

Negatively Correlated Currencies

NameCorrelation
-0.439
-0.309
-0.283
-0.252
-0.226

Hedera Hashgraph price is positively correlated with the top 10 coins by market cap with a price of 0.526, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.355.

Currencies that are positively correlated with Hedera Hashgraph indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Hedera Hashgraph, a move in one direction for Hedera Hashgraph would translate into a move in the opposite direction for the negatively correlated coin.

Hedera Hashgraph Price Prediction FAQ

What is Hedera Hashgraph's price prediction today?

Based on our Hedera Hashgraph prediction chart, the price of Hedera Hashgraph will increase by 0.00% and reach $?0.055861 by Oct 22, 2024.

What is Hedera Hashgraph price prediction for tomorrow?

Hedera Hashgraph is predicted to gain 0.00% and reach a price of $?0.055861 tomorrow.

What is the Hedera Hashgraph price prediction for this week?

According to our Hedera Hashgraph price prediction, HBAR is forecasted to trade within a price range of $?0.055861 and $?0.073789 this week. Hedera Hashgraph will increase by 32.09% and reach $?0.073789 by Oct 28, 2024 if it reaches the higher value target.

What is the Hedera Hashgraph price prediction for next week?

The Hedera Hashgraph price prediction for next week is between $?0.073789 on the lower end and $?0.069021 on the high end. Based on our HBAR price prediction chart, the price of Hedera Hashgraph will decrease by -6.46% and reach $?0.069021 by Nov 04, 2024 if it reaches the upper price target.

What is the Hedera Hashgraph price prediction for 2024?

Hedera Hashgraph is forecasted to trade within a range of $?0.055664 and $?0.20654. If it reaches the upper price target, HBAR could increase by 271.55% and reach $?0.20654.

What is the Hedera Hashgraph price prediction for 2025?

According to our Hedera Hashgraph price prediction, HBAR is forecasted to trade within a price range of $?0.055664 and $?0.20654 next year. Hedera Hashgraph will increase by 271.55% and reach $?0.20654 if it reaches the higher value target for 2025.

What is the Hedera Hashgraph price prediction for 2030?

The Hedera Hashgraph price prediction for 2030 is between $?0.144915 on the lower end and $?0.457282 on the high end. Based on our HBAR price prediction chart, the price of Hedera Hashgraph could gain 722.61% and reach $?0.457282 if it reaches the upper price target.

Will Hedera Hashgraph reach $1?

Hedera Hashgraph would need to gain 1,698.91% to reach $1. According to our Hedera Hashgraph prediction algorithm, the price of Hedera Hashgraph will not reach $1. The highest expected price our algorithm estimates is $?0.457282 by 2029.

Will Hedera Hashgraph reach $10?

Hedera Hashgraph would need to gain 17,889.14% to reach $10. According to our Hedera Hashgraph prediction algorithm, the price of Hedera Hashgraph will not reach $10. The highest expected price our algorithm estimates is $?0.457282 by 2029.

Will Hedera Hashgraph reach $100?

Hedera Hashgraph would need to gain 179,791.41% to reach $100. According to our Hedera Hashgraph prediction algorithm, the price of Hedera Hashgraph will not reach $100. The highest expected price our algorithm estimates is $?0.457282 by 2029.

What is the current Hedera Hashgraph sentiment?

The current Hedera Hashgraph sentiment is neutral according to our technical analysis.

What is the Hedera Hashgraph Fear & Greed Index and what does it indicate?

Currently, the Hedera Hashgraph Fear & Greed Index stands at 72, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Hedera Hashgraph investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Hedera Hashgraph?

Over the last 30 days, Hedera Hashgraph had 16/30 (53%) green days. According to our historical data, it is currently profitable to invest in Hedera Hashgraph. The price of Hedera Hashgraph increased by 12.45% in the last 1 year, while the coin’s 3-year performance is -85.60%.

Is Hedera Hashgraph a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Hedera Hashgraph in 2024 is neutral. This could be an indication that Hedera Hashgraph is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Hedera Hashgraph or not.

What will the price of Hedera Hashgraph be next week?

According to our Hedera Hashgraph forecast, the price of Hedera Hashgraph will increase by 21.55% over the next week and reach $?0.067899 by October 26, 2024.

What will the price of Hedera Hashgraph be next month?

According to our Hedera Hashgraph forecast, the price of Hedera Hashgraph will increase by 60.18% over the next month and reach $?0.089477 by November 20, 2024.

What is Hedera Hashgraph's 50-Day SMA and what does it indicate?

Hedera Hashgraph’s 50-day SMA (simple moving average) is currently $?0.052799. The 50-day SMA indicates the average price of Hedera Hashgraph over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive HBAR price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Hedera Hashgraph's 200-Day SMA and what does it indicate?

Hedera Hashgraph’s 200-day SMA is currently $?0.075976. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Hedera Hashgraph 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that HBAR has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Hedera Hashgraph price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Hedera Hashgraph’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Hedera Hashgraph's 14-day RSI and what does it indicate?

Hedera Hashgraph’s 14-day RSI is at 53.29, indicating that HBAR is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Hedera Hashgraph. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Hedera Hashgraph go back up?

Based on our algorithmically generated price prediction for Hedera Hashgraph, the price of HBAR is expected to decrease by 60.18% in the next month and reach $?0.089477 on Nov 20, 2024. Additionally, Hedera Hashgraph’s price is forecasted to gain 108.24% in the next six months and reach $?0.116324 on Apr 19, 2025. Finally, Hedera Hashgraph is expected to trade at $?0.172569 on Oct 21, 2025, following a 208.93% value decrease in one year.

How does our price prediction for Hedera Hashgraph work?

The Hedera Hashgraph price prediction on CoinCodex is calculated using the historical Hedera Hashgraph price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Hedera Hashgraph prediction.

How to read and predict Hedera Hashgraph price movements?

Hedera Hashgraph traders use a variety of tools to try and determine the direction in which the HBAR market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Hedera Hashgraph price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Hedera Hashgraph Price Prediction Indicators

Moving averages are among the most popular Hedera Hashgraph price prediction tools. As the name suggests, a moving average provides the average closing price for HBAR over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for HBAR is a sum of HBAR’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the HBAR price moves above any of these averages, it is generally seen as a bullish sign for Hedera Hashgraph. Conversely, a drop below an important moving average is usually a sign of weakness in the HBAR market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the HBAR price.

How to read Hedera Hashgraph charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Hedera Hashgraph with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Hedera Hashgraph’s price action in 1-hour chunks. Each candlestick will display HBAR’s opening price, closing price, as well as the highest and lowest prices that Hedera Hashgraph reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Hedera Hashgraph?

Just like with any other asset, the price action of Hedera Hashgraph is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of HBAR. The market capitalization of Hedera Hashgraph can change significantly in a short period of time.

When trying to make a Hedera Hashgraph forecast, many traders also try to monitor the activity of HBAR “whales”, which are entities and individuals that control large amounts of HBAR. Since the Hedera Hashgraph market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Hedera Hashgraph’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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Hedera Hashgraph
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