Convergence

bullish

Hedera

Strong

Story

<div id="story-highlight-pattern-block" class="wp-block-group">
  
 <div id="story-highlights" class="wp-block-group">
   
  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>   
  <ul class="wp-block-list story-highlights-list">
    
   <li>The HBAR price rally comes to a halt with a strong bearish reversal this week.</li>   
   <li>Positively, the technical indicators SMA &amp; MACD continue recording bullish sentiment, hinting at a potential reversal.</li>   
   <li>The HBAR altcoin is currently trading at a discount of 46.71% from its ATH of $0.5701.</li> 
  </ul>   
  <p>Despite Bitcoin price achieving the $100k mark and major altcoins recording a massive price rally, the Hedera price has experienced a major setback after repeatedly failing to break out of its important resistance level above the $0.337 mark.</p>   
  <p>Is the dream run of Hedera over? Or will this altcoin make a strong bullish comeback and smash its multi-year high during the upcoming weeks? In this article, we have covered the short-term price analysis of the Hedera (HBAR) crypto token.</p>   
  <h2 class="wp-block-heading" id="h-hbar-price-records-a-strong-bearish-reversal-this-week">HBAR Price Records a Strong Bearish Reversal This Week!</h2>   
  <p>The Hedera price has dropped ~7% in 24 hours with a trading volume of $3.419 billion. Moreover, it has dropped over 23% this week, highlighting an increase in the selling pressure. However, in the longer time frame, it has soared ~600%, hinting at a possible reversal this month.</p>   
  <figure class="wp-block-image size-large">
   <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/05174327/Hedera-Price-Analysis-05th-December-2024-1024x541.webp" alt="Hedera Price Records a Strong Bearish Reversal This Week!" class="wp-image-389644">
   <figcaption class="wp-element-caption">
    TradingView: HBAR/USDT
   </figcaption>
  </figure>   
  <p>The Moving Average Convergence Divergence (MACD) witnesses a decline in its green histogram. However, the averages show a massive uptrend in the daily time frame. This indicates a mixed price sentiment for the 18th largest crypto token in the market.</p>   
  <p>On the other hand, the SMA indicator has been supporting the Hedera price chart since the beginning of November. This highlights a long-term bullish price action for the altcoin.</p>   
  <h2 class="wp-block-heading" id="h-will-hbar-price-go-up-again">Will HBAR Price Go Up Again?</h2>   
  <p>If the bulls hold the Hedera price above its support level of $0.278, this could result in this altcoin retesting its resistance level of $0.337. Reportedly, if the bullish sentiment intensifies, this could push the price of it toward its 52-week high of ~$0.393 this month.</p>   
  <p>On the contrary, if the bears regain momentum, the HBAR coin price could breach its $0.278 level and plunge toward its low of $0.231 this December.</p>   
  <p>Are you one of many who are curious to find out the long-term price prospects of HBAR token? Read our <a href="https://coinpedia.org/price-prediction/hedera-hashgraph-hbar-price-prediction/" target="_blank" rel="noreferrer noopener">Hedera Price Prediction</a> to uncover the possibilities until 2030 and beyond.</p>   
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
  <div class="schema-faq wp-block-yoast-faq-block">
   <div class="schema-faq-section" id="faq-question-1733400711125">
    <strong class="schema-faq-question"><strong>What is the HBAR prediction for 2025?</strong></strong> 
    <p class="schema-faq-answer">If the bulls regain momentum, this altcoin could reach a maximum price of $0.80 in 2025.</p> 
   </div> 
   <div class="schema-faq-section" id="faq-question-1733400711847">
    <strong class="schema-faq-question"><strong>Can Hedera reach $5 dollars?</strong></strong> 
    <p class="schema-faq-answer">For this altcoin to achieve its price target, it will require of surge of 1,555.63% in valuation.</p> 
   </div> 
   <div class="schema-faq-section" id="faq-question-1733400712744">
    <strong class="schema-faq-question"><strong>Is there a future for HBAR?</strong></strong> 
    <p class="schema-faq-answer">With increased adoption and bullish sentiment, the Hedera price can surpass the $1.5 mark with a yearly high of around the $1.70 mark.</p> 
   </div> 
  </div> 
 </div> 
</div>

Hedera Price Analysis: Is The HBAR Price Rally Over With A 23% Drop?

Table of Contents

CoinPedia News

Other articles published on Dec 5, 2024

ETH Holders are Buying Polygon (POL) and DTX Exchange (DTX) at Historic Rate; Can These Altcoins ...

Sorry not sorry? Financial Times’ Alphaville issues apology for Bitcoin bashing

XRP Surges to All-Time High, Becomes the Third Largest Cryptocurrency by Market Cap

President-elect Donald Trump Congratulates Bitcoin Holders On Surpassing $100K

Best Cryptos to Buy and Hold for Short Term: Qubetics Raises $4.4M as Monero Hits 2-Year High and...

The Human Touch in AI: Bridging the Contextual Gap

Join our free newsletter for daily crypto updates!