Hedera (HBAR) Price Prediction for March 4
The post Hedera (HBAR) Price Prediction for March 4 appeared on BitcoinEthereumNews.com.
Over the last 24 hours, the price of Hedera has been facing intense volatility due to strong domination between the bulls and bears. However, bulls successfully rebounded the price from the low of $0.22. HBAR price recorded a surge of nearly 3.4% after touching the low near $0.2204. Additionally, Hedera’s trading volume has dropped by 8% in the last 24 hours, reaching $1 billion. Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. In February, HBAR price crashed twice and it recorded a low around $0.175. Its market capitalization has surged by 4% to $10.2 billion in the last 24 hours. Hedera Faces $3.25 Million Liquidation Over the last 24 hours, there has been a strong domination by the sellers to gain control of the price chart. However, buyers have successfully rebounded the price from the low of $0.22. In the past 24 hours, there’s been a consolidation in the Hbar price chart. According to Coinglass, about $3.25 million of Hedera trades were settled recently, with $2.24 million of that from buyers who had to close their positions betting on price increases. On the other hand, sellers liquidated around $1 million worth of positions. Amid these price challenges, interest in trading Hedera has gone down. The open interest, which tracks the total unsettled trading contracts, has declined to $193 million, showing lower activity by 9.4% from yesterday’s rate. Additionally, the market might turn more bearish in the coming hours as fewer traders are betting on price surges compared to those betting on price drops. Currently, about 49% of traders believe Hedera’s price will surge, while 51% think it will decline. Hedera Price Prediction: Technical Analysis Amid the overall bearish trend in the crypto market, HBAR price is gaining the required…
Filed under: News - @ March 5, 2025 1:24 am