Home Cryptocurrency The Hedera Hashgraph Price Prediction 2021 – Will HBAR Hit $0.5 Soon?

The Hedera Hashgraph Price Prediction 2021 – Will HBAR Hit $0.5 Soon?

by Serge Shlykov

Hedera Hashgraph is a new blockchain platform that has been gaining momentum. The platform was created by the same company behind the Tron blockchain, which means it’s backed by some serious cash.

The hedera hashgraph price prediction 2025 is a question about whether or not the Hedera Hashgraph Airdrop will be worth it. The Hedera team has released a roadmap with the expected release of their mainnet in December 2020.

  • The range of bullish HBAR price predictions is $0.20 to $0.40.
  • The price of HBAR may soon exceed $0.50.
  • For 2021, the HBAR bearish market price forecast is $0.08.

We utilize data, price trends, RSI, and other information about HBAR to evaluate the cryptocurrency’s future movement in Hedera Hashgraph (HBAR) price forecast 2021. 

Hedera Hashgraph is a public network that enables people and companies to build decentralized apps (DApps). HBAR is the Hedera public network’s native, energy-efficient coin. A council of global innovators, including Avery Dennison, Wipro, Zain Group, and others, owns the platform.

At the time of writing, the Hedera Hashgraph (HBAR) price was $0.1839, with a 24-hour trading volume of $193,447,520, according to CoinGecko. HBAR, on the other hand, has dropped 1.83 percent in the past 24 hours.

Furthermore, there are 8.95 billion HBAR in circulation. HBAR is currently traded on Binance, OKEx, Huobi Global, FTX, and Upbit, among other cryptocurrency exchanges.

Price Prediction for Hedera Hashgraph (HBAR) in 2021

Hedera Hashgraph (HBAR) is currently ranked 54th on CoinGecko. The price of HBAR in 2021 is forecasted using a daily time period, as shown below.

Weekly Time Frame HBAR/USDT Price Chart (Source: TradingView)

A flag pattern is a chart continuation pattern in which candlesticks are arranged in a tiny parallelogram. It’s an accumulation zone that indicates a counter-trend move following a significant price change. Traders may join the market in the midst of a trend using a flag pattern.

If the bullish trend continues, the HBAR may hit $0.41 on the daily time frame chart. Otherwise, if the HBAR price breaks through the $0.20 resistance level, it will fall to the next support level of $0.12. As a result, the HBAR’s trend is predicated on the breakout.

Support and Resistance Levels in the Hedera Hashgraph (HBAR)

The HBAR support and resistance levels are shown in the chart below.

The Hedera Hashgraph Price Prediction 2021 – Will HBAR Hit $0.5 Soon?Support and Resistance Levels in HBAR/USDT (Source: TradingView)

The resistance and support levels of HBAR may be seen in the weekly time frames shown above.

  • $0.40 is the first level of resistance.
  • Level 1 Support – $0.16
  • Level 2 Support – $0.08
  • Level 3 Support – $0.05

Over the last month, the charts indicate that HBAR has been in a bullish trend. If the current trend continues, HBAR may catch up with the bulls and break over the $0.40 resistance level.

In the event that investors turn against cryptocurrencies, the price of HBAR may fall to nearly $0.08, indicating a negative warning.

Average Directional Index of Hedera Hashgraph (HBAR) (ADX)

Let’s take a look at HBAR’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It’s linked to the Directional Movement Index (DMI) and consists mostly of the ADX line. 

The oscillator has a range of 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators. 

The ADX of HBAR remains above the range of 17 in the chart above, indicating a weak trend.

Conclusion

HBAR is one of the cryptos that has managed to hold its ground in a negative market. In addition, our HBAR price forecast for 2021 is optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.448. However, this will only happen if it overcomes a number of previous psychological barriers.

Furthermore, the HBAR ecosystem may have a bright future ahead of it in 2021, thanks to continuing improvements and enhancements. It may soon hit $0.40 and even higher levels, but it is more likely to reach $0.5, if investors believe HBAR is a solid investment in 2021.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

You’ve been recommended

The Hedera Hashgraph price prediction 2021 is that HBAR will hit $0.5 in the next year. It’s not clear if this will happen, but it will be interesting to see how the market reacts to the news. Reference: hbar price prediction 2022.

Frequently Asked Questions

What will HBAR be worth in 5 years?

I dont know.

Will Hedera Hashgraph go up?

Hedera Hashgraph is currently at $0.22, and has been dropping since its peak in January 2019.

Is Hedera Hashgraph HBAR a good investment?

I am not able to answer this question, as I do not have enough information.

Related Tags

  • hbar price prediction 2021 inr
  • hbar price prediction 2030
  • hbar price prediction 2023
  • will hbar reach $10
  • will hbar reach 100

Related Posts