Hedera Hashgraph (HBAR) is trading at $0.3107, per today’s CoinMarketCap data. The Fear & Greed Index is at a striking 78 (Extreme Greed), pointing out huge ‘buy’ sentiment in the market. Technical indicators also signal a bullish trajectory, supported by a 60% green day performance over the past month and volatility recorded at 58.03%.
Alt text: Hedera Hashgraph (HBAR) price today, HBAR to USD live price and chart. Source: CMC
Short-term price movement suggests a notable upward trajectory. The 50-day Simple Moving Average (SMA) stands at $0.114879, and the 200-day SMA is pinned at $0.08412, both headed in upward momentum. Meanwhile, the Relative Strength Index (RSI) is at 70.04, announcing an overbought market condition. Per these metrics, analysts believe now might be a good time to throw in funds in Hedera Hashgraph.
Short-Term Picture for December 2024 to January 2025 is Green for ROI
HBAR is predicted to grow by 29.20%, touching $0.406366 by January 8, 2025. Over the next five days, the token could climb to a top of $0.351829 on December 14, clinching a 14.63% increase from the current price. If this trend continues, Hedera Hashgraph may trade between $0.313959 and $0.369774 in 2024, averaging around $0.346375, delivering a 20.41% return on investment (ROI).
Annual Projections (2025–2030) Suggest More Price Uprun
HBAR’s trading range is expected to widen in 2025, hovering between $0.360997 and $0.863849. The average projected price is $0.585769, with August foreseen to be the most bullish month, possibly seeing an 181.48% uprise from current levels.
The bullish momentum is likely to spread wings into 2026. Analysts forecast HBAR will peak at $0.564836 in January and reach a low of $0.286623 by December. The annual average is estimated at $0.37195, with sustained investor confidence driving demand.
By 2027, HBAR’s price may hold the fort around $0.315724, reflecting a 2.86% increase from its current value. Price swings are expected, ranging from a low of $0.294681 in June to a high of $0.358188 in December, offering investors an estimated ROI of 16.69%.
HBAR’s bullish trajectory is set to carry through 2028. Analysts predict prices averaging $0.3708, with lows of $0.294067 in November and highs reaching $0.720964 in December. The long-term projection for 2029 is more aggressive, with prices oscillating between $0.720271 and $1.396224, offering a 354.97% ROI.
In 2030, HBAR could achieve an average price of $0.722478, peaking at $0.987557 in January and closing the year at $0.60732, a 135.39% increase from today’s value.
Key Technical Indicators
The 50-day SMA is expected to rise to $0.293974 by January 8, 2025, while the 200-day SMA is projected at $0.123211. Both indicators suggest upward movement. Additionally, the RSI’s current overbought status at 70.04 hints at continued bullish momentum in the short term.
Alt text: Hedera HBAR key technical points today. Source: TradingView
Resistance and Support Levels
Going by today’s pivot point at $0.331653, HBAR faces immediate pushback at $0.338135, $0.345115, and $0.351597. Conversely, support levels lie at $0.324673, $0.318191, and $0.311211, offering solid buying opportunities for investors.
Alt text: Hedera HBAR RSI and support levels. Source: Coincodex
Hedera Hashgraph presents on a platter promising investment opportunities in the near and far future. With its rosy outlook, high growth chances, and strong technical indicators, HBAR seems ready to deliver big-time ROI over the next several years.
FAQs
1. What is the current market sentiment for Hedera Hashgraph (HBAR)?
The market sentiment for HBAR is bullish, with the Fear & Greed Index at 78, indicating Extreme Greed. Technical indicators also support a positive picture.
2. What are the short-term price predictions for HBAR?
HBAR is expected to upswing by 29.20%, touching $0.406366 by January 8, 2025. In the next five days, it could balloon to $0.351829, a 14.63% jump from the current price.
3. What are the projected support and resistance levels for HBAR?
Immediate resistance levels are at $0.338135, $0.345115, and $0.351597. Support levels are at $0.324673, $0.318191, and $0.311211.
The post Hedera Hashgraph (HBAR) Price Prediction, 2024–2030: Can Hedera Hashgraph Hit $1 by 2030? Will Now Be a Good Time to Buy? appeared first on Coinfomania.
