Hedera Hashgraph (HBAR) Price Prediction 2022 – Will HBAR Hit $0.5 Soon?

• Bullish HBAR price prediction is $0.0805 to $0.1549.
• Hedera Hashgraph (HBAR) price might also reach $0.5 soon.
• Bearish HBAR price prediction for 2022 is $0.0574.

In Hedera Hashgraph (HBAR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HBAR to analyze the future movement of the cryptocurrency. 

Hedera Hashgraph (HBAR) Current Market Status

According to CoinGecko, the price of Hedera Hashgraph (HBAR) is $0.061314 with a 24-hour trading volume of $29,939,235 at the time of writing. However, HBAR has increased by nearly 0.4% in the last 24 hours. 

Hedera Hashgraph (HBAR) has a circulating supply of 22,968,235,670 HBAR. Currently, Hedera Hashgraph (HBAR) trades in cryptocurrency exchanges such as Binance, Upbit, FMFW.io, OKX, DigiFinex 

What is Hedera Hashgraph (HBAR)?

Hedera Hashgraph (HBAR) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology. HBAR was launched during its ICO in 2018. Hedera network’s mainnet went live in 2019. Hedera network serves majorly as a distributed file service.

Rather than being built on any blockchain, the Hedera network is built on the hashgraph model that is secured by the proof-of-stake (PoS) consensus mechanism. It uses a patented algorithm that makes it a non-forkable network. The transactions on Hedera are faster and occur at low costs. The hashgraph distributed ledger is secure and immutable as Hedera deploys asynchronous byzantine fault tolerance (aBFT).

Hedera Hashgraph (HBAR) Price Prediction 2022

Hedera Hashgraph (HBAR) holds the 22nd position on CoinGecko right now. HBAR price prediction 2022 is explained below with a daily time frame.

The above chart of Hedera Hashgraph (HBAR) laid out thelaid out the Horizontal channel pattern, also known as sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.

Currently, Hedera Hashgraph (HBAR) is in the range of $0.0616. If the pattern continues, the price of HBAR  might reach the resistance levels of  $0.0684, $0.0789 and $0.1050. If the trend reverses, then the price of HBAR may fall to $0.0594. 

Hedera Hashgraph (HBAR) Support and Resistance Levels

The chart below shows the support and resistance levels of Hedera Hashgraph (HBAR).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Hedera Hashgraph (HBAR).

Resistance Level 1	$0.0805
Resistance Level 2	$0.1108
Resistance Level 3	$0.1549
Support Level	$0.0574

The charts show that Hedera Hashgraph (HBAR) has performed a bullish trend over the past month. If this trend continues, HBAR might run along with the bulls overtaking its resistance level at  0.1549

Accordingly, if the investors turn against crypto, the price of Hedera Hashgraph (HBAR) might plummet to almost  $0.0574 , a bearish signal.

Hedera Hashgraph (HBAR) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Hedera Hashgraph (HBAR) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HBAR lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Hedera Hashgraph (HBAR) is shown in the chart above. Notably,  Hedera Hashgraph (HBAR) price lies below 50 MA (short-term), so it is in a downtrend. Currently, HBAR has entered a bearish state. Therefore, there is a possibility of a reversal trend of HBAR at any time.

Meanwhile, the relative strength index (RSI) of the HBAR is 40.44. This means that Hedera Hashgraph (HBAR) is in an oversold state. However, this means a major price reversal of HBAR may occur in the upcoming days. So, traders need to trade carefully. 

Hedera Hashgraph (HBAR) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Hedera Hashgraph (HBAR). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Hedera Hashgraph (HBAR). Currently, the ADX of HBAR lies in the range of 19.1180 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Hedera Hashgraph (HBAR). RVI measures the constant deviation of price changes over a period of time. The RVI of HBAR lies above 50, indicating high volatility. In fact, the RSI of Hedera Hashgraph (HBAR) is at 40.44 thus confirming a potential sell signal.

Comparison of HBAR with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Hedera Hashgraph (HBAR).

From the above chart, we can interpret the price changes of BTC, ETH and HBAR are moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of HBAR also increases or decreases respectively.

Hedera Hashgraph (HBAR) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Hedera Hashgraph (HBAR) might probably attain $1 by 2023.

Hedera Hashgraph (HBAR) Price Prediction 2024

With several upgrades in the network, Hedera Hashgraph (HBAR) might enter a bullish trajectory. If the coin grabs the attention of major investors, HBAR might rally to hit $3 by 2024. 

Hedera Hashgraph (HBAR) Price Prediction 2025

If Hedera Hashgraph (HBAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, HBAR would rally to hit $5

Hedera Hashgraph (HBAR) Price Prediction 2026

If Hedera Hashgraph (HBAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HBAR would rally to hit $7

Hedera Hashgraph (HBAR) Price Prediction 2027

If Hedera Hashgraph (HBAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HBAR would rally to hit $9

Hedera Hashgraph (HBAR) Price Prediction 2028

If Hedera Hashgraph (HBAR) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, HBAR would hit $11.

Hedera Hashgraph (HBAR) Price Prediction 2029

If investors flock in and continue to place their bets on Hedera Hashgraph (HBAR), it would witness major spikes. HBAR might hit $13 by 2029.

Hedera Hashgraph (HBAR) Price Prediction 2030

With greater advancements in the Hedera Hashgraph ecosystem, the crypto community might continue to invest in Hedera Hashgraph (HBAR) for the next 8 years and drive significant price rallies for the token. Hence, Hedera Hashgraph (HBAR) might hit $15 by 2030.

Conclusion

With continuous improvements in the Hedera Hashgraph network, we can say that 2022 is a good year for HBAR. For this reason, the bullish price prediction of Hedera Hashgraph (HBAR) in 2022 is $0.1549. On the other hand, the bearish price prediction of Hedera Hashgraph (HBAR) price prediction for 2022 is $0.0574.

Furthermore, with the advancements and upgrades to the Hedera Hashgraph ecosystem, the performance of HBAR would help to reach above its current all-time high (ATH) of $0.569229 very soon. But, it might also reach $0.5 if the investors believe that HBAR is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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