Here’s Where Hedera (HBAR) Price Is Headed This Week

The Hedera (HBAR) price is ending December in a tough spot. Price is still sitting near its recent lows after months of selling, even though some important things are happening around the network.

Last week, the SEC pushed back its decision on Canary Capital’s HBAR ETF. That did not bring any excitement to the market, but it also did not remove HBAR from the ETF discussion. 

Around the same time, Georgia officially moved its national real estate registry onto Hedera, which is a real use case, not just a headline. 

On top of that, January has often been a good month for HBAR in the past, which is why some traders are watching the next few days closely.

What the Hedera Chart Is Showing

On the 4H chart, the trend is still pointing down. The HBAR price broke lower in October, and price has not been able to recover since. Every bounce over the past few months has been sold into.

Right now, HBAR is trading around the $0.115 to $0.117 area. This zone has held for a few days, but buyers are not showing much urgency. The candles are getting smaller, which usually means the market is pausing, not turning.

For anything to change,the Hedera  price would need to move back above $0.120 and stay there. Until that happens, the structure stays weak.

Source: Coinank

Market Indicators

Volatility has dropped compared to the October sell-off, as shown by the declining ATR. Typically, this is observed when the market has fallen sharply and the pause occurs before the reverse.

The funding rates are positive, albeit slightly, and this means that the market participants are preferring the long side, even with the weak market performance.

Net short position increases: This highlights the fact that many players do not think a quick recovery is likely. This imbalance could matter if price starts to move higher, but for now it reflects hesitation, not confidence.

Read Also: Litecoin Could Overtake Zcash as the Go-To Privacy Coin, Says Crypto Expert

HBAR Price Short-Term Outlook for This Week

If HBAR holds above $0.110, price should stay in the same zone. A clean move above $0.120 could open the door to $0.130.

If $0.110 breaks, then $0.100 is the next area that matters. That level has mattered before and would likely attract attention again.

For now, the HBAR price is in a waiting phase. This week is not about big breakouts. It is about whether buyers finally step in, or sellers keep control a little longer.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

CaptainAltcoin
Logo