Hedera (HBAR) Price Prediction for March 21
The post Hedera (HBAR) Price Prediction for March 21 appeared on BitcoinEthereumNews.com.
In the past 24 hours, the price of Hbar has been facing a strong bearish rally as sellers pushed the price toward $0.18. Hbar recorded a drop of 4.1%, reaching a low of $0.1826. Moreover, the trading volume for Hedera has dropped by 33% over the same period, totalling around $197 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 hack in Bybit pushed the price below $0.2. In the last 24 hours, Hedera’s market capitalization has dropped by 4% to $7.7 billion. HBAR’s Funding Rate Turns Negative Hedera (HBAR) is experiencing increased downward volatility as it approaches the critical $0.18 level, with sellers working to keep the price beneath Fibonacci channels. Recent data from Coinglass reveals that $342,000 worth of Hedera transactions occurred during this unstable period. Out of this, buyers liquidated $317,000 in trades due to diminishing hopes for price increases, while sellers faced losses totaling $25,000. Amid these turbulent market conditions, Hedera’s open interest has fallen by 7.5% in the past 24 hours, amounting to $171 million. This reduction in open interest, a gauge of unresolved trading contracts, signals a decline in trading activity. Additionally, market indicators point to a likely downward correction soon. The negative funding rate of -0.0028% for HBAR indicates a growing dominance of sellers, potentially driving the market lower. Hedera Price Prediction: Technical Analysis HBAR is currently facing significant bearish pressure, pushing its price toward $0.18. The $0.2 mark has established itself as a formidable resistance level, with bears successfully preventing any upward movement beyond this point and pushing the price toward the immediate support levels. Currently, HBAR is trading at $0.183, having dropped by more…
Filed under: News - @ March 22, 2025 1:20 am