Hedera (HBAR) Price Prediction for February 27
The post Hedera (HBAR) Price Prediction for February 27 appeared on BitcoinEthereumNews.com.
Over the last 24 hours, the price of Hbar has been witnessing a recovery rally toward $0.2, flashing a surge of around 1.5%. It briefly reached a high of $0.2021 as buyers increased domination. Additionally, Hedera’s trading volume has dropped 19.4% in the last 24 hours, reaching $400 million. Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. On February 3, the price of HBAR crashed heavily as it dropped below $0.2. Additionally, the recent hack in Bybit pushed the price toward $0.2. Consequently, its market capitalization has grown by 1.4% to $8.5 billion in the last 24 hours. HBAR’s Funding Rate Touches 0.0102% HBAR price has been surging strongly following an intense buying demand around dip. Hbar price is not on its way to break the $0.22 level if buying pressure continues to rule. Over the past 24 hours, there’s been a lot of trading of Hedera, with a strong push from both buyers and sellers. According to Coinglass, about $915K in Hedera trades were wiped out, with $634,000 of that coming from buyers ending their bets on price increases. Sellers ended up losing about $281,000. Despite the ongoing recovery rally, the number of open interests is declining. The open interest, which tracks all the unsettled trading contracts, has dropped to $161 million, showing a 1.3% drop from yesterday. However, the market might keep moving up as the funding rate is positive. Currently, the funding rate for Hbar is at 0.102%, suggesting the rising buying domination on the chart. Hedera Price Prediction: Technical Analysis The HBAR price is recovering as it makes a solid surge toward $0.2. Currently, buyers are aiming for a hold above EMA trend lines. As of writing, HBAR price trades at $0.202, surging over 1.49%…
Filed under: News - @ February 27, 2025 10:19 pm