Hedera Price Prediction: 2024, 2025, 2030

HBAR price prediction: Key highlights

1. Primary support and resistance levels

• $0.200 can likely prove to be the highest resistance on the weekly chart.
• $0.046 established itself as the lowest support for the price.

2. Market sentiment

• The market has been observed to be bullish in May 2024.

3. Predictive forecasts

• Our AI/ML predictive models project HBAR to trade at an average price exceeding $4 in 2028 and $600 by 2035.

Given below is a comprehensive weekly technical analysis of HBAR, 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: Bullish comeback sparks optimism

The HBAR market revealed a dynamic interplay between bullish and bearish forces. Between May 2023 and May 2024, the price experienced significant fluctuations, providing both opportunities and challenges for traders and investors alike. Embedded within 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 the price depreciating. HBAR fell below the lowest support level by June at $0.046, underscoring the market skepticism. In mid-month, the bulls managed to reclaim this level.

After stabilizing briefly, they initiated a rally, reaching $0.075 in mid-August. However, the price was rejected, and by September, it had found support at its lowest level again.

In mid-October, renewed optimism was injected into the market as the bulls returned with greater force. This resurgence reflected the broader sentiment across the cryptocurrency sector, which experienced price recoveries for many digital currencies during Q4 2023.

This bull run elevated the price above previous resistances and propelled it to graze $0.101 in January. Nonetheless, it was met with a pushback. This led to a temporary breach of what had become a support level at $0.075 closer to the end of January. 
 

However, starting in February, the bulls once again propelled the price upward, surpassing $0.101 by mid-month. The rally led to HBAR establishing a new highest resistance at $0.140 the following month. This was again succeeded by a rejection. Subsequent attempts to test $0.117 succumbed to selling pressure, which pushed the price to $0.075 in early April. Both of the drops were indicative of corrective drops following an over-exhausted market. 

An interesting development in late April caused HBAR to pump significantly. The asset opened at $0.088, rising more than 107% to an intra-day high of $0.181. 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 of its gains, pushing it closer to the current support at $0.101. As the calendar turned to May, the asset recovered again, bringing it to be valued at $0.116 by the end of the analysis.

Given that the bulls keep the price above $0.101, 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 $0.170 in the short-to-medium term.
 

Furthermore, the next target can likely be $0.200. This resistance level has not been approached since 2022, so testing it can have a positive impact on investor sentiment. 

Conversely, if the price experiences a dip, it could again find support at the $0.075 level.  Investors should closely monitor this level, as a break below this could signify a more dominant downtrend. A more pronounced bearish onslaught could see it drop as low as $0.061.

Based on our model predictions, HBAR is poised for modest growth. Predictions anticipate the asset to average more than $4 in 2028. Looking ahead to 2035, the models predict a remarkable surge in the altcoin’s value, with an average price projection of $600.

HBAR’s 2024 roadmap: Key indicators to watch and trade

• The trading volume mirrored the broader market sentiment, remaining low during periods of bearish pressure. The rallies were accompanied by a modest uptick in volume. The price pump saw a substantial surge in volume, which dampened following the pullback. This signaled investor caution.
• The Directional Movement Index (DMI) showcased the market’s overall sentiment, with the +DI line predominantly staying above the -DI line, except for a brief period between mid-May and June. 
• Meanwhile, the ADX line continued its descent until July, signaling a weakening bearish strength. Between May and August, the -DI line rose above the ADX line, but this was followed by the former descending.
• The ADX consistently increased since August and even surpassed the +DI line by the end of December. The +DI’s surge above this line was cut short in mid-February. Nonetheless, it moved above it again in late April.
• At the time of writing, the values were as follows: ADX line at 43.6124, -DI at 12.5393, and +D at 37.2262. The values indicated a strong uptrend in the market, with high buying pressure.
• The 20 and 50-week Exponential Moving Averages (EMAs) primarily acted as resistance levels until late 2023. The price breached the former from late July to August and late October. The 50 EMA was surpassed in December. 
• Subsequently, a golden cross formed in January, signaling a bullish shift. In April, a price drop caused the candlesticks to fall below the 20 EMA and even slightly below the 50 EMA. However, a recent surge has lifted the price back above these EMAs, indicating positive market momentum.