Hedera Hashgraph is Predicted to Drop to $0.063910 By Dec 16, 2023

Disclaimer: This is not investment advice. The information provided is for general 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.

• Hedera Hashgraph is down -6.26% today against the US Dollar
• Hedera Hashgraph is currently trading 9.17% above our prediction on Dec 16, 2023
• Hedera Hashgraph gained 9.83% in the last month and is up 42.93% since 1 year ago

HBAR price is expected to drop by -8.08% in the next 5 days according to our Hedera Hashgraph price prediction

is trading at $ 0.069770 after losing -6.26% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -6.48% in the same time period. HBAR performed well against BTC today and recorded a 0.71% gain against the world’s largest cryptocurrency.

According to our Hedera Hashgraph price prediction, HBAR is expected to reach a price of $ 0.063910 by Dec 16, 2023. This would represent a -8.08% price decrease for HBAR in the next 5 days.

HBAR Price Prediction Chart

Buy/Sell Hedera Hashgraph

What has been going on with Hedera Hashgraph in the last 30 days

Hedera Hashgraph has been displaying a positive trend recently, as the coin gained 9.83% in the last 30-days. The medium-term trend for Hedera Hashgraph has been bullish, with HBAR increasing by 49.25% in the last 3 months. The long-term picture for Hedera Hashgraph has been positive, as HBAR is currently displaying a 42.93% 1-year price change. On this day last year, HBAR was trading at $ 0.048814.

Hedera Hashgraph reached its all-time high price on Sep 15, 2021, when the price of HBAR peaked at $ 0.567001. The current HBAR cycle high is $ 0.098332, while the cycle low is at $ 0.035755. HBAR has been displaying low volatility recently – the 1-month volatility of the coin is at 6.31. Hedera Hashgraph recorded 17 green days in the last 30 days.

Hedera Hashgraph technical analysis for today – Dec 11, 2023

The sentiment in the Hedera Hashgraph markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.072665, $ 0.070189 and $ 0.068349, while $ 0.076981, $ 0.078821 and $ 0.081298 are the key resistance levels.

Bearish sentiment for Hedera Hashgraph

15 indicators are currently signaling a bullish prediction for Hedera Hashgraph, while 18 indicators are showing a bearish forecast. With 55% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Hedera Hashgraph.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 74 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Hedera Hashgraph moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Hedera Hashgraph is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Hedera Hashgraph is at 75.15, suggesting that HBAR is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Hedera Hashgraph over the last 50 days. Currently, Hedera Hashgraph is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the HBAR closing price for the last 200 days. HBAR is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Hedera Hashgraph prediction

After considering the above factors, we can conclude that the current forecast for Hedera Hashgraph price prediction is Bearish. HBAR would have to decrease by -8.08% to hit our $ 0.063910 target within the next five days. Moving forward, it will be important to monitor the HBAR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Hedera Hashgraph price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general 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.