Hedera Hashgraph (HBARUSD) declined in its latest intraday trading, as the short-term bearish trend remains dominant, with ongoing negative pressure from trading below the 50-day SMA, which limits the chances of a near-term recovery. This is further reinforced by the appearance of bearish signals from the relative strength indicators after reaching extremely overbought levels.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of 0.20638 holds, targeting the support level of 0.16185.

Todays price forecast: Bearish.