Hedera Hashgraph (HBAR) Price Prediction 2023 — Will HBAR Hit $0.3 Soon?
- Bullish HBAR price prediction is $0.0565 to $0.1121.
- Hedera Hashgraph (HBAR) price might also reach $0.3 soon.
- Bearish HBAR price prediction for 2023 is $0.0359.
In Hedera Hashgraph (HBAR) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about HBAR to analyze the future movement of the cryptocurrency.
Hedera Hashgraph (HBAR) Current Market Status
| Current Price | $0.06 |
| 24 – Hour Trading Volume | $92,271,834 |
| 24 – Hour Price Change | 4.3% up |
| Circulating Supply | 25,211,909,181 |
| All – Time High | $0.569229 (On September 15, 2021) |
What is Hedera Hashgraph (HBAR) ?
Hedera Hashgraph (HBAR) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology. HBAR was launched during its ICO in 2018. Hedera network’s mainnet went live in 2019. Hedera network serves majorly as a distributed file service.
Rather than being built on any blockchain, the Hedera network is built on the hashgraph model that is secured by the proof-of-stake (PoS) consensus mechanism. It uses a patented algorithm that makes it a non-forkable network. The transactions on Hedera are faster and occur at low costs. The hashgraph distributed ledger is secure and immutable as Hedera deploys asynchronous byzantine fault tolerance (aBFT).
Hedera Hashgraph (HBAR) Price Prediction 2023
Hedera Hashgraph (HBAR) holds the 37th position on CoinGecko right now. HBAR price prediction 2023 is explained below with a daily time frame
Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
Currently, Hedera Hashgraph (HBAR) is in the range of $0.058203. If the pattern continues, the price of HBAR might reach the resistance levels of $0.0519, $0.0637 and $0.0827. If the trend reverses, then the price of HBAR may fall to $0.0358.
Hedera Hashgraph (HBAR) Support and Resistance Levels
The chart below shows the support and resistance levels of Hedera Hashgraph (HBAR) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Hedera Hashgraph (HBAR) .
| Resistance Level 1 | $0.0565 |
| Resistance Level 2 | $0.0805 |
| Resistance Level 3 | $0.1121 |
| Support Level | $0.0359 |
The charts show that Hedera Hashgraph (HBAR) has performed a bullish trend over the past month. If this trend continues, HBAR might run along with the bulls overtaking its resistance level at $0.1121.
Accordingly, if the investors turn against the crypto, the price of Hedera Hashgraph (HBAR) might plummet to almost $0.0359, a bearish signal.
Hedera Hashgraph (HBAR) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Hedera Hashgraph (HBAR) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HBAR lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Hedera Hashgraph (HBAR) is shown in the chart above. Notably, Hedera Hashgraph (HBAR) price lies above 50 MA (short-term), so it is upward. Currently, HBAR has entered a bullish state. Therefore, there is a possibility of a reversal trend of HBAR at any time.
Meanwhile, the relative strength index (RSI) of the HBAR is 75.96. This means that the Hedera Hashgraph (HBAR) is in an overbought state. However, this means a major price reversal of HBAR may occur in the upcoming days. So, traders need to trade carefully.
Hedera Hashgraph (HBAR) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Hedera Hashgraph (HBAR) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Hedera Hashgraph (HBAR). Currently, the ADX of HBAR lies in the range of 38.2314 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Hedera Hashgraph (HBAR) . RVI measures the constant deviation of price changes over a period of time. The RVI of HBAR lies above 50, indicating high volatility. In fact, the RSI of Hedera Hashgraph (HBAR) is at 75.96 thus confirming a potential buy signal.
Comparison of HBAR with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Hedera Hashgraph (HBAR) .
From the above chart, we can interpret that the price action of HBAR is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of HBAR increases.When the price of BTC and ETH decreases,the price of HBAR decreases.
Hedera Hashgraph (HBAR) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Hedera Hashgraph (HBAR) between 2024 and 2030.
Hedera Hashgraph (HBAR) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Hedera Hashgraph (HBAR) might probably attain $0.5 by 2024.
Hedera Hashgraph (HBAR) Price Prediction 2025
With several upgrades in the network, Hedera Hashgraph (HBAR) might enter a bullish trajectory. If the coin grabs the attention of major investors, HBAR might rally to hit $0.7 by 2025.
Hedera Hashgraph (HBAR) Price Prediction 2026
If Hedera Hashgraph (HBAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, HBAR would rally to hit $0.9.
Hedera Hashgraph (HBAR) Price Prediction 2027
If Hedera Hashgraph (HBAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HBAR would rally to hit $1.
Hedera Hashgraph (HBAR) Price Prediction 2028
If Hedera Hashgraph (HBAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HBAR would rally to hit $3.
Hedera Hashgraph (HBAR) Price Prediction 2029
Hedera Hashgraph (HBAR) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, HBAR would hit $5 in 2029.
Hedera Hashgraph (HBAR) Price Prediction 2030
If investors flock in and continue to place their bets on Hedera Hashgraph (HBAR) , it would witness major spikes. HBAR might hit $7 by 2030.
Conclusion
With continuous improvements in the Hedera Hashgraph Network, we can say that 2023 is a good year for HBAR. For this reason, the bullish price prediction of Hedera Hashgraph (HBAR) in 2023 is $0.1116 On the other hand, the bearish price prediction of Hedera Hashgraph (HBAR) price prediction for 2023 is $ 0.0357.
Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of HBAR would help to reach above its current all-time high (ATH) of $0.569229 very soon. But, it might also reach $0.3 if the investors believe that HBAR is a good investment in 2023.
FAQ
Hedera Hashgraph (HBAR) is the native utility token of the Hedera ecosystem. Hedera is a distributed ledger system based on a hashgraph algorithm. HBAR was launched in 2018.
Hedera Hashgraph (HBAR) has been listed on many crypto exchanges which include Binance, Huobi Global, Gate.io, KuCoin and Bittrex.
With the ongoing developments and upgrades within the Hedera Hashgraph platform, Hedera Hashgraph (HBAR) has a high possibility of reaching its ATH soon.
On September 15, 2021 Hedera Hashgraph (HBAR) reached its new all-time high (ATH) of $0.569229.
Hedera Hashgraph (HBAR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Hedera Hashgraph in the past few months, HBAR is considered a good investment in 2023.
Hedera Hashgraph (HBAR) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Hedera Hashgraph (HBAR) will hit $0.3 soon.
Hedera Hashgraph (HBAR) price is expected to reach $0.5 by 2024.
Hedera Hashgraph’s (HBAR) price is expected to reach $0.7 by 2025.
Hedera Hashgraph (HBAR) price is expected to reach $0.9 by 2026.
Hedera Hashgraph’s (HBAR) price is expected to reach $1 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/the-hedera-hashgraph-hbar-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
