During the last 24 hours Hedera (HBAR) has shifted in price as buyers try to get its value over $0.17. Despite climbing 3 percent to $0.167 HBAR stays trapped in a limited price range because of market resistance. During this time Hedera failed to attract more sellers which reduced their trading activity by 20% to $327 million.
Since December 3 HBAR lost value in the market and stayed below $0.39. HBAR lost $0.20 of its worth during market transactions on February 3. External business issues from Donald Trump have blocked HBAR from rising over 0.20 USD. The market capitalization of HBAR increased by 3.7 percent to $6.96 billion according to current data.
Hedera Needs To Break $0.18
Investors who bought and sold HBAR in the short term show persistent selling at $0.17 and reactively dispose their holdings at that point. HBAR needs to break above $0.18 to keep advancing and it will likely drop below $0.16 if buyers cannot maintain their buying momentum. The regular selling activity that starts when HBAR remains under the 20-period Exponential Moving Average on the 1-hour chart has the potential to push the price down to $0.14.
Coinglass data shows the recent loss of $432000 worth of HBAR trades. Sellers lost $153,000 but buyers had to give up $279,000 in the latest trading activities. Trading activity slowed down because open interest decreased by 2.87% to $151 million in the market. The advertisement of fewer active contracts does not reduce the market’s bias towards bullish trading.
Market participants showed more interest in buying Hedera Hashgraph due to a positive funding rate setting up potential price recovery. HBAR may sustain a trading zone above $0.17 leading toward $0.18 as its next target. When downward pressure keeps building it will likely push the token price down to $0.14. According to Coincodex market analysis HBAR will decrease by 11.26% from its present value to reach $0.153453 by April 28th 2025.
Bearish market trends dominate the platform right now because the Fear & Greed Index shows a score of 26 on the fear side. During the past month HBAR showed success in 53% of its forward trading moments with normal market variance of 11.14%. Because of market dynamics analysts advise buyers to wait before purchasing HBAR because prices will probably be unstable in the near future.