Hedera Price Surges: Is $0.2 the Next Major Resistance?

Hedera Price on the Rise: Will HBAR Break Through $0.2 Resistance?

Hedera Price Surges – In the past 24 hours, Hedera (HBAR) has seen a notable bullish rally, with the price surging by 3.9%, reaching a high of $0.1843. As the price approaches the $0.2 resistance level, Hedera’s market capitalization has increased by 3.4%, reaching $8.11 billion. However, during this time, Hedera’s trading volume has decreased by 10%, amounting to approximately $195 million.

Short-Term Bullish Momentum: The Road to $0.2 Resistance

Looking at recent price action, Hedera’s price has shown signs of increased volatility. After the price dropped below $0.39 in early December, it continued to decline throughout the following months. On February 3, HBAR experienced a significant crash, falling below $0.2, further exacerbated by the hack on Bybit that pushed the price even lower.

Despite these earlier setbacks, Hedera is showing signs of recovery. The price is consolidating above a descending resistance line, indicating the potential for further upward movement. As of writing, HBAR is trading at $0.192, up more than 3.5% in the last 24 hours. Traders are closely monitoring the $0.2 resistance level, as this could be a key milestone for the next leg of the rally.

Increased Volatility and Funding Rate Trends

The HBAR price is showing signs of increased volatility, as it approaches the critical $0.2 resistance level. Bearish resistance continues to make a breakout challenging, but the overall momentum remains positive. According to recent data from Coinglass, around $105.7K worth of Hedera transactions were settled during this volatile period. Interestingly, buyers liquidated $71.4K in trades, reflecting diminished optimism for further price gains, while sellers faced losses of $34.3K.

Despite this volatility, Hedera’s open interest has increased by 3.5% over the last 24 hours, now totaling $165 million. Open interest measures the total volume of unsettled trading contracts, indicating a growing level of trading activity in the Hedera market. Additionally, Hedera’s positive funding rate of +0.0094% suggests increasing buyer influence, which could potentially drive the market even higher.

Key Technical Levels and Price Predictions for HBAR

As Hedera’s price moves toward the $0.2 resistance level, traders are focusing on key technical indicators. If the price breaks through this level, $0.21 could become the next target. However, this level may act as a significant obstacle, especially as short-term holders (STHs) may continue to liquidate their positions here. If buyers manage to push the price above $0.2, the market could experience further upward movement, potentially reaching $0.21 or higher.

On the other hand, if HBAR fails to hold above the EMA20 trend line on the 1-hour chart, sellers could try to push the price back down to $0.18. A drop below this level could strengthen sellers’ dominance, driving the price closer to $0.17. The next 24 hours will be crucial in determining whether HBAR can continue its upward momentum or face a short-term correction.

Short-Term and Long-Term Hedera Price Outlook

Short-Term Outlook: According to BlockchainReporter, HBAR is likely to target $0.2 in the short term. If the price breaks above this level, the next target could be $0.21. On the downside, $0.18 remains an important support level. If the price fails to hold above $0.2, traders will look for potential buys near $0.18.

Long-Term Outlook: Looking further ahead, Coincodex’s Hedera Hashgraph price prediction suggests that the price of Hedera Hashgraph is expected to increase by 1.31%, reaching $0.192293 by April 18, 2025. Despite the positive short-term movement, technical indicators from Coincodex suggest a bearish sentiment, and the Fear & Greed Index stands at 32, signaling fear in the market. Over the past 30 days, Hedera has experienced 14 green days, accounting for 47% of the time, with a price volatility of 9.57%. Given these trends, it may not be the optimal time to purchase Hedera Hashgraph according to the current forecast.

Conclusion

Hedera (HBAR) is experiencing a strong bullish surge, with its price nearing the critical $0.2 resistance level. While the market is currently volatile, with increased open interest and positive funding rates, the next 24 hours will be critical to determine whether the price can break through this resistance and continue to climb. Traders and investors should remain cautious as they monitor these key levels and wait for further price action to confirm the next direction for HBAR.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.