Hedera Price Prediction: 2024, 2025, 2030

HBAR price prediction: Key highlights

1. Primary support and resistance levels

• $0.20 can likely be the highest resistance on the weekly chart.
• $0.04 established itself as the lowest support for the price.

2. Market sentiment

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

3. Predictive forecasts

• Our AI/ML predictive algorithms project HBAR to trade at an average price exceeding $1 in 2030 and $2 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 buyers halt further declines? 

Between July 2023 and July 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 rallying from its lowest yearly support of $0.04 to test $0.06 in August. However, the rally was rejected, and by September, the asset returned to its former low again.

The market improved in mid-October, reflecting a broader recovery in cryptocurrency prices during Q4 2023. After a brief test, this bull run elevated the price above the previous level in early December. Nonetheless, the buying momentum faltered after facing rejection at $0.09 in the new year. Yet, the price didn’t stoop to previous lows.

The northbound journey resumed by early February, surpassing the critical $0.10 mark by mid-month. The rally led to HBAR reaching the highest chart resistance at $0.13 the following month. Yet, another rejection succeeded this. 

Subsequent attempts to hold over $0.10 succumbed to selling pressure, temporarily compromising $0.09 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. 
 

However, 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 $0.10. 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 $0.06 by July. At the time of writing, the trading price was $0.07.
 

Investors should closely monitor the present support level, as a break below this could signify a prolonged downtrend. In this case, the asset could again find support at the $0.05 level. A more pronounced bearish onslaught could return to its initial lows.

Conversely, if the bulls flip and keep the price above $0.10, there is substantial potential for gains. If the buyers break past the current resistance levels, mirroring their past achievements of overcoming seemingly insurmountable barriers, the price could rise to as high as $0.17 in the short-to-medium term.
 

Furthermore, the next target can likely be $0.20. This resistance level has not been approached since 2022, so testing it can positively impact investor sentiment. 

Based on our prediction models, HBAR is poised for modest growth. Predictions anticipate the asset to average more than $1 in 2030. Looking ahead to 2035, the models predict a modest uptick in the altcoin's value, with an average price projection of $2.

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. This signaled investor caution.
• The Awesome Oscillator (AO) crossed over the zero line in mid-November. By late June, the resurgence of bearish forces had returned it to negative territory, ending the analysis at -0.0183.
• The 20 and 50-week Exponential Moving Averages (EMAs) primarily acted as resistance levels until late 2023. Moreover, the price breached the former from late July to August and 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, signaling a heightened selling momentum.