Hedera (HBAR) Price Prediction for March 4

Over the last 24 hours, the price of Hedera has been facing intense volatility due to strong domination between the bulls and bears. However, bulls successfully rebounded the price from the low of $0.22. HBAR price recorded a surge of nearly 3.4% after touching the low near $0.2204. Additionally, Hedera’s trading volume has dropped by 8% in the last 24 hours, reaching $1 billion.

Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. In February, HBAR price crashed twice and it recorded a low around $0.175. Its market capitalization has surged by 4% to $10.2 billion in the last 24 hours.

Hedera Faces $3.25 Million Liquidation

Over the last 24 hours, there has been a strong domination by the sellers to gain control of the price chart. However, buyers have successfully rebounded the price from the low of $0.22.

In the past 24 hours, there’s been a consolidation in the Hbar price chart. According to Coinglass, about $3.25 million of Hedera trades were settled recently, with $2.24 million of that from buyers who had to close their positions betting on price increases. On the other hand, sellers liquidated around $1 million worth of positions.

Amid these price challenges, interest in trading Hedera has gone down. The open interest, which tracks the total unsettled trading contracts, has declined to $193 million, showing lower activity by 9.4% from yesterday’s rate.  

Additionally, the market might turn more bearish in the coming hours as fewer traders are betting on price surges compared to those betting on price drops. Currently, about 49% of traders believe Hedera’s price will surge, while 51% think it will decline.

Hedera Price Prediction: Technical Analysis

Amid the overall bearish trend in the crypto market, HBAR price is gaining the required buying momentum. The price quickly recovered after touching the low near $0.22 is now attempting to surge above immediate Fib channels. Currently, the HBAR price is at $0.2421, having surged over 3.4% in the last 24 hours.  

The HBAR/USDT trading pair remains around $0.25, showing strong selling pressure from bearish traders. This price point is significant as short position holders might opt to sell off their positions at this level.

As the price hovers around the EMA20 trend line on the 1-hour chart, sellers could attempt to push it down towards $0.22 again.

With the Relative Strength Index (RSI) remaining around the buying zone at level 56, the bullish dominance rises. A surge above $0.25 might send the price toward $0.288. On the other hand, a drop below $0.22 might send the price toward $0.174.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for a surge above $0.25. If the price moves above that level, we might see a trade around $0.28. On the down side, $0.22 is the range.  

Long-term: According to Coincodex’s Hedera Hashgraph price prediction, the price of Hedera Hashgraph is expected to increase by 62.21% and reach $0.388494 by April 3, 2025. Their technical indicators show a neutral current sentiment, while the Fear & Greed Index indicates extreme fear at a level of 15. Hedera Hashgraph has seen 13 out of 30 (43%) green days with a price volatility of 8.52% over the last 30 days. Based on Coincodex’s forecast, it is currently 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.