Hedera Hashgraph price prediction suggests that bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a confluence of multiple technical indicators in order to decide the direction of the trend. There is a slight increase in the green candles of volume which suggests the HBAR price is attracting buyers at the demand zone.
Investor sentiments regarding the Hedera Hashgraph price are indecisive at present and may remain negative unless the buyers start stepping in with substantial momentum. However, according to the technical indicators, the odds are lining in the bulls’ favor.
Hedera Hashgraph’s crypto price needs to attract buyers to surge towards the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the Hedera Hashgraph crypto price is trying to gather support and surge towards 100, and 200-day Daily Moving Averages. Hedera Hashgraph cryptos have been consolidating inside the horizontal price range of $0.5039 and $0.05413.
Nevertheless, Hedera Hashgraph’s crypto price declined around 0.79% in a week but gained 1.24% in a month. Also, the HBAR crypto price shed around 2.65% in the last three months; and dropped around 11.39% over the last six months. However, analysts believe that the crypto price may bounce back from the lower levels.
HBAR Price Prediction For 2023
Hedera Hashgraph’s crypto price must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the Hedera Hashgraph crypto needs more buyers in order to surge towards its recovery phase. Meanwhile, the Hedera Hashgraph crypto price slipped below the 100, and 200-day daily moving averages.
Moreover, Hedera Hashgraph crypto must break out from the consolidation phase over the daily time frame chart.
Technical indicators highlight the consolidation phase of the Hedera Hashgraph crypto price. Relative strength index (RSI) showcases the sideways momentum of Hedera Hashgraph cryptos. RSI was at 52 and is heading towards the oversold territory.
MACD exhibits the consolidation phase of the Hedera Hashgraph crypto price. The MACD line is flat above the signal line waiting for a crossover. Investors in Hedera Hashgraph crypto need to wait for any directional change over the daily time frame chart.
On the daily time frame chart, the Hedera Hashgraph crypto price is consolidating between the horizontal price bands of $0.5039 and $0.05413.
However, in order to accelerate toward its recovery phase, Hedera Hashgraph crypto needs more purchasers. Technical indicators point to a period of price consolidation for the HBAR crypto. However, investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels for Short-Term
Support Level: $0.05039.
Resistance Levels: $0.05413.
HBAR Price Forecast 2024
As per the price action and previous price fluctuations on the charts the average HBAR Crypto price might be around $0.01, while the maximum might reach $0.13. The minimum value might be $0.09, and the potential return on investment from 2023 would be 44.44%.
HBAR Price Forecast 2025
As per the price action, previous price fluctuations on the charts forecast that the average HBAR Crypto price might be around $0.15, while the maximum might reach $0.17. The minimum value might be $0.11, and the potential return on investment from the year 2023 would be 88.89%.
HBAR Price Forecast 2026
As per the price action, previous price fluctuations on the charts forecast that the average HBAR Crypto price might be around $0.18, while the maximum might reach $0.22. The minimum value might be 0.15, and the potential return on investment from the year 2023 would be 144.44%.
HBAR Price Forecast 2027
As per the price action, previous price fluctuations on the charts forecast that the average HBAR Crypto price might be around $0.24, while the maximum might reach $0.28. The minimum value might be $0.20, and the potential return on investment from the year 2023 would be 211.11%.
HBAR Price Forecast 2028
As per the price action, previous price fluctuations on the charts forecast that the average HBAR Crypto price might be around $0.30, while the maximum might reach $0.355. The minimum value might be $0.26, and the potential return on investment from the year 2023 would be 294.44%.
HBAR Price Forecast For 2029
As per the price action, previous price fluctuations on the charts forecast that the average HBAR Crypto price might be around $0.42, while the maximum might reach $0.467. The minimum value might be $0.30, and the potential return on investment from the year 2023 would be 418.89%.
HBAR Price Forecast For 2030
As per the price action, previous price fluctuations on the charts forecast that the average HBAR crypto price might be around $0.48, while the maximum might reach $0.601. The minimum value might be $0.40, and the potential return on investment from the year 2023 would be 567.78%.
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/11/02/hedera-hashgraph-hbar-price-prediction-2023-to-2030/