Hedera Price Prediction: 2024, 2025, 2030

HBAR price prediction: Key highlights

1. Primary support and resistance levels

• $0.139 was the highest resistance on the weekly chart.
• $0.038 can likely be the lowest support for the price.

2. Market sentiment

• The market has been observed to be bearish in September 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms project HBAR to trade at an average price exceeding $0.180 in 2031 and $0.300 by 2035. 

Uncover essential data on HBAR via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

HBAR technical analysis: Can the recovery rally reclaim gains?  

Between September 2023 and September 2024, the HBAR market experienced many fluctuations. Embedded with these movements, the Hedera price prediction for 2024 hinted at the potential for both growth and decline, contingent upon many factors.
 

The period started with HBAR rising to test $0.051. However, it was rejected, and the asset found a base at its lowest yearly support of $0.045. Subsequent tests to challenge the former failed, returning the price to previous support by October.
 

The market improved mid-month, reflecting a broader recovery in cryptocurrency prices during Q4 2023. After a brief test, this bull run elevated the price above $0.063 in early December. Nonetheless, the buying momentum weakened after facing rejection at $0.091 in the new year. Yet, the price didn’t stoop to previous lows.
 

The northbound journey resumed by early February, surpassing the critical $0.105 mark by mid-month. The rally led to HBAR reaching the highest chart resistance at $0.139 the following month. Yet, another rejection succeeded this. 
 

Subsequent attempts to hold over $0.105 succumbed to selling pressure, temporarily compromising $0.091 in early April. Both of these instances were indicative of corrective drops following overvaluation.
 

An interesting development in late April caused HBAR to pump over 107%. AMBCrypto reported that this surge was triggered by an announcement that Hedera had tokenized BlackRock’s ICS U.S. Treasury money market fund on the Hedera blockchain in collaboration with Archax. 

Nevertheless, it was later clarified that BlackRock was not directly involved in the tokenization process. This caused the asset to shed some gains, pushing it slightly below $0.105. As the calendar turned to May, HBAR reclaimed this level.
 

The bears cut short this recovery, painting the market red by late May. Consecutive drops brought the asset to $0.063 by July. Mid-month recovery was unsustainable as it wasn’t backed by genuine investor interest but was the ripple effect of a broader market upside. 
 

Thus, by the end of July, bulls lost $0.063 and found support at $0.051 in August. AMBCrypto highlighted that in Q2 2024 the network saw increased transaction fee revenue, new addresses, and market capitalization ranking. However, Hedera's Total Value Locked (TVL) declined. 

The report pointed to $0.051 as a critical support, which, if breached, could lead to further downside. This level was lost to sellers by the end of August. Thus, by September, HBAR dropped to its lowest support.
 

At the time of writing, the trading price was $0.050. A break below the current support would prompt the asset to drop to $0.043. A more pronounced bearish onslaught could pull it even lower to $0.038.

Conversely, if the bulls mirror the previous trajectory and flip $0.051, there is substantial potential for gains extending to $0.105. Stabilizing over this level would allow the buyers to rally toward the highest resistance and possibly reclaim it. 

Based on our prediction models, HBAR is poised for modest growth. Predictions anticipate the asset to average more than $0.180 in 2031. Looking ahead to 2035, the models predict a modest uptick in the altcoin's value, with an average price projection of $0.300.

HBAR's 2024 roadmap: Key indicators to watch and trade

• The trading volume mirrored the price movements. A modest uptick in volume accompanied the rallies. Meanwhile, the price pump saw a surge, which dropped substantially following the pullback, signaling investor withdrawal.
• The Awesome Oscillator (AO) crossed over the zero line in mid-November. By late June, the resurgence of sellers returned it to negative territory, ending the analysis at -0.0341. This highlighted a dominant downtrend.
• The 20 and 50-week Exponential Moving Averages (EMAs) primarily acted as resistance levels until late 2023. Moreover, the price breached the former in late October, and the 50 EMA was surpassed in December. 
• Subsequently, a golden cross formed in January. In April, a price drop caused the candlesticks to fall below the 20 EMA and even slightly below the 50 EMA. This pattern was repeated in June, with the candles decisively staying below both the EMAs. Moreover, a death cross formed in Q3 2024, validating the bearish dominance.