Hedera (HBAR) Price Prediction for March 28

In the past 24 hours, the price of Hbar has been facing rising bearish pressure as it aims for a drop toward $0.18. Hbar recorded a drop of 6%, reaching a low of $0.1813. Moreover, the trading volume for Hedera has surged by 10.14% over the same period, totaling around $205 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 5.6% to $7.64 billion.

Hbar Faces Increased Long Liquidations

Hedera (HBAR) is currently facing downward pressure as its price approaches the important $0.18 support level. Sellers are actively pushing to keep the price down.

According to recent data from Coinglass, about $702,000 worth of Hedera trades were liquidated during this unstable period. Buyers took the biggest hit, losing around $636,800 as confidence in rising prices faded. Sellers, on the other hand, experienced smaller losses totaling approximately $65,340.

With the market turning bearish, trading activity in Hedera has slowed down. Open interest—a measure of active trading contracts—fell by 3.5% in the last 24 hours, reaching about $199 million. This suggests traders are becoming less active.

Despite these challenges, some signs indicate that Hedera might soon recover. The positive funding rate (0.0005%) suggests that buyers are gradually gaining strength, which could help lift the price upward again.

Hedera Price Prediction: Technical Analysis

HBAR is currently under significant bearish pressure, having retreated from the pivotal $0.2 resistance level. This has triggered intense selloff toward the low of $0.18. As of now, HBAR is priced at $0.1803, reflecting a decline of over 6.2% within the last 24 hours. 

Facing difficulty in breaking past the $0.2 resistance, the HBAR/USDT pair sees short-term holders possibly ready to sell off their stakes at this level. However, buyers are actively keeping the price just below this threshold.

Should HBAR manage to sustain itself above $0.18, there’s potential for a rally towards the $0.2 mark, and a successful breach of this resistance might set the stage for a rise to $0.21-$0.25 resistance zone.

Conversely, if HBAR remains under the EMA20 line on the 1-hour chart, this could signal sellers to push the price further down below $0.18. Should this downward trend persist, it could reinforce seller dominance and potentially lower the price to $0.17.

Hedera Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, Hbar price might aim for a hold above $0.18. If the price holds above $0.18, we might see a trade around $0.2. On the down side, $0.17 is the range.  

Long-term: According to Coincodex’s latest Hedera Hashgraph price prediction, the cryptocurrency’s value is expected to decrease by approximately 8.50%, reaching $0.168241 by April 27, 2025. Coincodex’s technical indicators currently reflect a bearish market sentiment, accompanied by a Fear & Greed Index value of 44, signaling fear among market participants. Over the past 30 days, Hedera Hashgraph experienced 16 out of 30 (53%) green trading days, with price volatility standing at 10.99%. Based on Coincodex’s analysis, it is currently not considered a favorable time to purchase Hedera Hashgraph.

Investment Risks for HBAR

Investing in Hedera can be risky due to market volatility. Investors should:

• Conduct technical and on-chain analysis.
• Assess their financial situation and risk tolerance.
• Consult with financial advisors if necessary.