Hedera Hashgraph is Trading -7.97% Below Our Price Prediction for Apr 23, 2024

Table of Contents

• HBAR price is expected to rise by 10.25% in the next 5 days according to our Hedera Hashgraph price prediction
• HBAR Price Prediction Chart
• What has been going on with Hedera Hashgraph in the last 30 days
• Hedera Hashgraph technical analysis for today - Apr 18, 2024
• Bearish sentiment for Hedera Hashgraph
• Crypto market is currently experiencing Greed
• Hedera Hashgraph moving averages & oscillators
• The bottom line about this Hedera Hashgraph prediction

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Hedera Hashgraph is up 3.54% today against the US Dollar
• Hedera Hashgraph is currently trading 7.97% below our prediction on Apr 23, 2024
• Hedera Hashgraph dropped -22.79% in the last month and is up 30.29% since 1 year ago

HBAR price is expected to rise by 10.25% in the next 5 days according to our Hedera Hashgraph price prediction

Hedera Hashgraph price today is trading at $ 0.081921 after gaining 3.54% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.72% in the same time period. HBAR performed well against BTC today and recorded a 0.09% gain against the world’s largest cryptocurrency.

According to our Hedera Hashgraph price prediction, HBAR is expected to reach a price of $ 0.089013 by Apr 23, 2024. This would represent a 10.25% price increase for HBAR in the next 5 days.

HBAR Price Prediction Chart

Buy/Sell Hedera Hashgraph

What has been going on with Hedera Hashgraph in the last 30 days

Hedera Hashgraph has been displaying a negative trend recently, as the coin lost -22.79% in the last 30-days. The medium-term trend for Hedera Hashgraph has been bullish, with HBAR increasing by 8.79% in the last 3 months. The long-term picture for Hedera Hashgraph has been positive, as HBAR is currently displaying a 30.29% 1-year price change. On this day last year, HBAR was trading at $ 0.062873.

Hedera Hashgraph reached its all-time high price on Sep 15, 2021, when the price of HBAR peaked at $ 0.567001. The current HBAR cycle high is $ 0.138309, while the cycle low is at $ 0.035755. HBAR has been displaying high volatility recently – the 1-month volatility of the coin is at 11.06. Hedera Hashgraph recorded 13 green days in the last 30 days.

Hedera Hashgraph technical analysis for today - Apr 18, 2024

The sentiment in the Hedera Hashgraph markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.076393, $ 0.074335 and $ 0.072254, while $ 0.080532, $ 0.082613 and $ 0.084670 are the key resistance levels.

Bearish sentiment for Hedera Hashgraph

10 indicators are currently signaling a bullish prediction for Hedera Hashgraph, while 20 indicators are showing a bearish forecast. With 67% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Hedera Hashgraph.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 57 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Hedera Hashgraph moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Hedera Hashgraph is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Hedera Hashgraph is at 31.92, suggesting that HBAR is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Hedera Hashgraph over the last 50 days. Currently, Hedera Hashgraph is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the HBAR closing price for the last 200 days. HBAR is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Hedera Hashgraph prediction

After considering the above factors, we can conclude that the current forecast for Hedera Hashgraph price prediction is Bearish. HBAR would have to increase by 10.25% to hit our $ 0.089013 target within the next five days. Moving forward, it will be important to monitor the HBAR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Hedera Hashgraph price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.