HBAR Price Prediction—What does the future of the Hedera Token say?
The world of the crypto market is never boring. Every day new coins, new trends, and unpredictable price movements surprise us. Today let’s talk about a digital asset that is currently creating a lot of buzz—Hedera (HBAR). Both recent developments and technical signals are telling an interesting story for its future. Let’s understand in detail how the price action of HBAR is going and what can happen next.
HBAR Price Prediction – What is Hedera, and how does it work?
Hedera is a decentralized public network that allows developers to build secure and fair applications with near real-time consensus. It is governed by a prestigious council that includes major names such as Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS, Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, UCL, Wipro, and Zain Group.
The Hedera Consensus Service (HCS) acts as a trust layer that creates immutable and verifiable logs for applications. Whether it’s asset tracking in a supply chain, auditable event logs for advertising platforms, or a decentralized ordering system, HCS plays a role everywhere.
HBAR Price Prediction – Where can I buy Hedera Tokens?
Hedera’s native token, HBAR, is available for trading on popular centralized crypto exchanges such as Binance, Coinbase Exchange, and MEXC. Currently, the trading volume of the HBAR/USDT pair on Binance is more than $38 million. But an interesting thing is that its trading volume within 24 hours was $239 million, which is almost 28.50% less than a day ago. This signals that there has been a slight cool-down in market activity in the short term.
HBAR Price Prediction – Market Cap And Performance Analysis
Talking about the all-time high, HBAR had once touched $0.5692, while its all-time low was $0.009861. The current price is 52% below this peak but 2,600% above its lowest point. The market capitalization is $11.34 billion, which brings it to the #21 position in CoinGecko’s ranking. If the maximum 50 billion HBAR tokens come into circulation, its fully diluted valuation could be $13.37 billion.
If we compare the performance, the price of HBAR has gone up by 6.20% in the last 7 days. This growth is good, but it is a bit behind the 7.10% of the global crypto market and 9.80% of smart contract platform tokens.
HBAR Price Prediction – Robinhood Listing Made It the Star of the Market
Robinhood added HBAR to its crypto lineup, and its impact was immediately seen in the market. On July 25, HBAR touched the level of $0.2657, which was a gain of almost 12% in a day. This surge came with a sharp jump in trading volume, in which 713 million tokens were transacted in just one hour. The $0.26 zone has now become a short-term resistance, but upward momentum is still strong.
HBAR Price Prediction—What does technical analysis reveal?
The biggest USP of Hedera is its hashgraph consensus model, which is different from traditional blockchain and quite efficient. Along with high-speed and low-cost transactions, it is popular for decentralized applications, NFTs, DeFi projects, and energy efficiency. HBAR is the payment token of network services, is used for staking, and incentivizes node operators.
According to crypto analyst ChartNerd, if HBAR breaks the resistance of $0.35, which aligns with the Supertrend indicator, then the price may enter the discovery phase. Fibonacci extension levels suggest that HBAR can go up to $1.26 or even $3.30 in bullish conditions.
According to the technical data, HBAR jumped from $0.24 to $0.27 on July 26. The sharpest move came on midday Friday when high volume pushed the price above $0.26. Support remained strong at $0.24, and now traders are closely watching the breakout of $0.27.
HBAR Price Prediction – Will $0.28 trigger a price drop?
In the H4 chart analysis, HBAR is currently trading around $0.26. The supply zone of $0.28 is quite crucial. If it touches this level and reacts, the price can slide to $0.22. But if it closes above $0.28, a new bullish rally can start.
The market is unpredictable, so traders should be prepared for every scenario. If there is a breakout, the target of $1 seems achievable in the short term, but in case of failure, a retracement is possible.
Disclaimer:
This article is only for educational and informational purpose. Cryptocurrency investments are high risk. Before taking any financial decision, definitely consult your financial advisor.
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