Hedera's price has risen by 11.5% in the past day, reaching $0.335 and peaking at $0.347. The trading volume has surged by 93.7%, totaling $1.35 billion. The market capitalization has grown by 11.7% to $12.93 billion. Bitcoin and other cryptocurrencies saw an increase in value after the US Consumer Price Index (CPI) for December rose to 2.9%. Trading activity around Hedera has been intense, with a total liquidation of around $2.67 million. The open interest has risen to $415 million, indicating increased demand. The long/short ratio is at 0.86, with more traders expecting a decrease in prices. The HBAR/USDT trading pair is hovering around $0.34 and could face obstacles. Short-term predictions suggest a struggle around $0.35, while long-term predictions expect a 25.33% increase by February 15, 2025. Based on these forecasts, it is recommended to buy Hedera Hashgraph.



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