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%…

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Filed under: News - @ February 27, 2025 10:19 pm