Hedera (HBAR) is going through a challenging period: the token’s value has significantly dropped, however, some technical indicators suggest that the situation will improve in March
In this article, we analyze on-chain metrics and technical signals to understand what will happen to Hedera.
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HBAR returns to the growth zone
The Relative Strength Index (RSI) HBAR signals a change in market sentiment. The indicator shows that the decline is ending, and the token is ready to resume growth as soon as market sentiment improves.
As soon as HBAR enters the growth zone, private and institutional investors will pay attention to the token again.
The Bollinger Bands for HBAR have narrowed, which often precedes an increase in volatility. The candles are below the base line - this pattern usually precedes a price increase. Previously, exclusively bearish signals prevailed on the HBAR charts.
Breaking out of the narrow price range against the backdrop of increasing volatility increases the chances of a significant upward movement in the coming weeks.
HBAR at a Crossroads
HBAR grew by 16.8% in a day, overcoming the downtrend and rising above $0.22. Now the token is aiming to return to mid-January levels.
To continue the growth of HBAR, it needs to consolidate above $0.27. This will open the way to $0.37, bringing investors a 60% profit.
If the token cannot overcome $0.27, the price may remain in the range of $0.22-0.27. An unsuccessful attempt to break through the upper limit will cancel the growth scenario.
Do you want to become part of the big and friendly BIC community? Then subscribe to our group on Telegram - there you will find communication with crypto enthusiasts, help from our experts, and exclusive comments from experienced analysts.
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What awaits Hedera (HBAR) in March 2025
Hedera (HBAR) is going through a challenging period: the token’s value has significantly dropped, however, some technical indicators suggest that the situation will improve in March
In this article, we analyze on-chain metrics and technical signals to understand what will happen to Hedera.
Want to always be informed about the main crypto events? Subscribe to our weekly newsletter and receive the most important news directly to your email!
HBAR returns to the growth zone
The Relative Strength Index (RSI) HBAR signals a change in market sentiment. The indicator shows that the decline is ending, and the token is ready to resume growth as soon as market sentiment improves.
As soon as HBAR enters the growth zone, private and institutional investors will pay attention to the token again.
Breaking out of the narrow price range against the backdrop of increasing volatility increases the chances of a significant upward movement in the coming weeks.
HBAR grew by 16.8% in a day, overcoming the downtrend and rising above $0.22. Now the token is aiming to return to mid-January levels.
To continue the growth of HBAR, it needs to consolidate above $0.27. This will open the way to $0.37, bringing investors a 60% profit.
If the token cannot overcome $0.27, the price may remain in the range of $0.22-0.27. An unsuccessful attempt to break through the upper limit will cancel the growth scenario.
Do you want to become part of the big and friendly BIC community? Then subscribe to our group on Telegram - there you will find communication with crypto enthusiasts, help from our experts, and exclusive comments from experienced analysts.