Hedera (HBAR) Price Prediction for January 25

Over the last 24 hours, the price of Hedera has dropped steeply as it faced selling pressure around $0.34. HBAR price recorded a drop of nearly 4.2%, touching the low near $0.325. Additionally, Hedera’s trading volume has dropped by 33.8% in the last 24 hours, reaching $483 million.

Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. However, after maintaining a stable range between $0.23 and $0.25 for some time, Hedera has begun to recover, preventing further price drops. Its market capitalization has dropped by 4.4% to $12.75 billion in the last 24 hours.

HBAR Faces a Drop in Long/Short Ratio

Since Trump became president, there’s been more interest in buying Hedera (HBAR). Even though Trump has passed several orders to help the cryptocurrency market, the price of HBAR is still having trouble breaking through certain price levels. Right now, buyers are trying hard to keep the price steady at $0.35, but it’s challenging.

In the past day, there’s been a lot of trading with Hedera, especially from buyers trying to push the price up. According to Coinglass, about $952.8K worth of Hedera trades were settled recently, with $837.6K of that from buyers who had to close their positions betting on price increases.

After these price challenges, interest in trading Hedera has gone down. The open interest, which tracks the total unsettled trading contracts, has fallen to $406 million, showing less activity in the market.

Also, the market might keep trending downward as fewer traders are betting on price increases compared to those betting on price drops. Currently, only about 20.41% of traders believe Hedera’s price will rise, while a majority of 79.59% think it will decrease.

Hedera Price Prediction: Technical Analysis

As Donald Trump returns to the White House, the crypto market is seeing a rise. However, the price of Hedera Hashgraph (HBAR) is still encountering resistance around $0.35. Currently, the HBAR price is at $0.3312, having dropped over 4.9% in the last 24 hours.

The HBAR/USDT trading pair remains under $0.35, showing strong selling pressure from bearish traders. This price point may continue to be a significant barrier, as short-term holders (STHs) might opt to sell off their positions at this level.

If the price stays below the EMA20 trend line on the 1-hour chart, sellers could attempt to push it down towards $0.26 along the downtrend line.

With the Relative Strength Index (RSI) remaining below the midline at 49, there could be a retest of the support level. Should the price stabilize above $0.35, it could shift the advantage to the buyers, potentially driving the price up to $0.37.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might continue to struggle below $0.35. If the price moves above that level, we might see a trade around $0.37. On the down side, $0.26 is the range.  

Long-term: According to the current Hedera Hashgraph price prediction by Coincodex, the price of Hedera Hashgraph is expected to increase by 23.25% and reach $0.411573 by February 23, 2025. Coincodex’s technical indicators suggest that the current market sentiment is bullish, while the Fear & Greed Index is indicating a score of 75, signifying ‘Greed’. Over the last 30 days, Hedera Hashgraph has experienced 12/30 (40%) green days and exhibited 9.43% price volatility. Based on these forecasts, Coincodex suggests that it is now a good time to buy Hedera Hashgraph.

Investment Risks for HBAR

Investing in Hedera can be risky due to market volatility. Investors should:

• Conduct technical and on-chain analysis.
• Assess their financial situation and risk tolerance.
• Consult with financial advisors if necessary.