Hedera (HBARUSD) price declined in its latest intraday trading, as the short-term corrective bearish trend continues to dominate with movements along a minor supporting trendline. The negative pressure persists as the price trades below its 50-period simple moving average. In addition, we notice the emergence of negative signals on the Relative Strength Index, after it reached overbought areas.

Therefore, we expect the price to decline in upcoming intraday trading, as long as it remains below $0.24452, targeting the key support level at $0.22528.

Todays price forecast: Bearish