Hedera Hashgraphs price (HBARUSD) declined slightly in its latest intraday movement, while remaining under the influence of a short-term upward trend and trading along a supportive rising trendline. The price continues to receive positive pressure from holding above the 50-day SMA, with the current dip reflecting profit-taking after earlier gains. Meanwhile, the Relative Strength Index shows the beginning of negative signals, helping the asset shed its overbought status.

Therefore we expect the price to rise during upcoming intraday trading, as long as support remains steady at $0.24571, targeting the resistance level at $0.27904.

Todays price forecast: Bullish.